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Property profile & analytics
OFF-MARKET
Estimated value
$3,095,000
Retail space
109 Main St, Mannington, WV 26582-1126
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US94-1069168
Property summary
AI-generated overview
This exceptional investment opportunity presents a freestanding Walgreens pharmacy located at 109 E Main St, Mannington, West Virginia, 26582. The property boasts 11,440 square feet of retail space situated on a 1.07-acre lot. Built in 1999, this single-tenant property is currently 100% occupied under a triple-net (NNN) lease with a corporate guarantee. The lease commenced October 18, 1999, and currently has approximately 1.9 years remaining, expiring October 31, 2026. The annual net operating income (NOI) is $169,576, representing a 7.00% cap rate based on the asking price of $2,422,514. The lease includes three five-year renewal options, offering a potential lease extension until October 31, 2041. The property features a roof replaced in 2020 with a 20-year warranty. This is a strong, stable investment with a long-term tenant and significant upside potential through lease renewals. The property's location in Mannington, WV provides excellent visibility and accessibility. The price per square foot is $211.76. This offering presents a compelling opportunity for investors seeking a secure, high-yield retail investment with a nationally recognized tenant.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Lot
1.07 ac (46,783 SF)
APN
24-13- 7-0097.0000
UPID
US94-1069168
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy
-
FedEx OnSite Postal Service Courier Service
-
Walgreens Pharmacy Pharmacy
-
Joshua Border Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.10M
Owner & transaction history
109 East Main LLC · 4 yrs held
109 East Main LLC
since 2022
Last sale
$3.0M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mannington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mannington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,125,000
ML approach
$3,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.10M
Range $2.79M – $3.40M · ±10% · vs last sale $3.00M (May 31 2022)
Last sale anchor
$3.00M
May 31 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,483
Tax year 2023
Assessed value
$386,940
Assessed 2023
Previous assessed
$393,900
-1.8% YoY
Effective rate
2.97%
On assessed value
Assessed land
$113,640
Assessed improvement
$273,300
Land market value
$189,400
Improvement market value
$455,500
Total market value
$644,900
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Lot
1.07 ac (46,783 SF)
APN
24-13- 7-0097.0000
UPID
US94-1069168
Jurisdiction
MARION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
1.07 ac
Current owner
From public records · entity-resolved
109 East Main LLC
Entity
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
$3,000,000
109 East Main LLC
Ofp Wagradol Wv 3 LLC
Special Warranty Deed
$1,355,000 · Inbankshares Corp
Mar 30, 2022
—
Ofp Wagradol Wv 3 LLC
—
Deed
related
$67,000,000 · Associated Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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