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    10404 Mccorkle Ave Marmet, WV 25315
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    10404 Mccorkle Ave, Marmet, WV 25315

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    • Retail properties & Spaces
    • 11,600 SF
    • 2.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 10404 Mccorkle Ave

    Year built
    1997
    Lot size
    2.00 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Description

    This exceptional investment opportunity presents a 11,600 square foot Family Dollar store in Marmet, WV, within the Charleston MSA. The property boasts a 10-year net lease (NN+) with approximately 5.9 years remaining, featuring a corporate guarantee from Family Dollar, Inc. The lease commenced October 1, 2020, and includes a significant rent bump of 7.03% due September 30, 2025, with further increases at each option renewal. The building, originally a Rite Aid, underwent extensive renovations in 2020, including exterior repainting and a new drop ceiling, complementing the 2016 roof replacement and 2023 parking lot resurfacing. Situated on a 2-acre lot with 45 parking spaces, this single-story, Class B building offers exceptional visibility and accessibility, located directly across from a Kroger and near Interstate 64. The property's strong financials include a 6.47% cap rate and a Net Operating Income (NOI) of $82,476. The asking price is $1,275,000, translating to a low price per square foot of $109.91. Four five-year options to renew provide long-term stability and growth potential. This is a rare opportunity to acquire a well-located, high-performing retail property with a strong tenant and significant upside. The property's location offers convenient access to Interstate 64 and is approximately 12 miles from Charleston, WV, and 20 miles from West Virginia State University. Built in 1997, the property benefits from recent investments exceeding $300,000 in tenant improvements and building upgrades. The property's location offers excellent visibility and ample parking. This is a compelling investment opportunity for those seeking a stable, high-yielding asset with significant long-term potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marmet
    County
    Kanawha
    State
    West Virginia
    Longitude
    -81.5614
    Latitude
    38.2421

    Comparable in this City

    • Value Estimation by Request
      11,692 SF

      12604 Maccorkle Ave

      Individual retail properties
      12604 Maccorkle Ave, Chesapeake, WV 25315
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    • Value Estimation by Request
      0.72 Acres

      126th Mccorkle Ave

      GROCERY, SUPERMARKET
      126th Mccorkle Ave, Charleston, WV 25315
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    • Value Estimation by Request
      0.42 Acres

      9912 Maccorkle Ave

      CONVENIENCE STORE
      9912 Maccorkle Ave, Marmet, WV 25315-1938
      View Details
    • Value Estimation by Request
      4.92 Acres

      10635 Maccorkle Ave

      GROCERY, SUPERMARKET
      10635 Maccorkle Ave, Marmet, WV 25315-1963
      View Details
    • Value Estimation by Request
      1.05 Acres

      10410 Maccorkle Ave

      CONVENIENCE STORE
      10410 Maccorkle Ave, Marmet, WV 25315-1916
      View Details
    • Value Estimation by Request
      0.05 Acres

      8100 Maccorkle Ave

      RETAIL STORES (PERSONAL SERVICES)
      8100 Maccorkle Ave, Marmet, WV 25315-1632
      View Details

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      4,900 SF

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      11,600 SF

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      3,000 SF

      Retail Space Available For Rent

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    Marmet, WV 25315
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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