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    1514 Kanawha Blvd Charleston, WV 25387
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    Property profile & analytics

    1514 Kanawha Blvd, Charleston, WV 25387

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    • Investment properties
    • 5,472 SF
    • 0.36 lot acres
    For Sale
    $299,000
    View Listing →
    Charleston Office Building Investment For Sale
    $299,000
    4,000 SF

    Charleston Office Building Investment

    Fully Leased, Kanawha Blvd. Location

    1514 Kanawha Blvd, Charleston, WV 25387
    View Listing
    Property ID
    US94-0331365
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    3.3%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • West Law Firm LC / Law Firm
    • Partnership-African Amer Churches / Social Service Agency / Charitable Organization
    • Cassis Therapy Associates / Family Counselor / Counselor
    • Prestera Center For Mental / Crisis Center / Medical Clinic
    • Surface Cosmetic And Anti Aging / Physician

    Property Details for 1514 Kanawha Blvd

    Year built
    1991
    Construction
    BRICK
    Lot size
    0.36 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    20-11- 20-0276.0000
    APU
    20112002760000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 3, 2024 $1,075,000 Kanawha Valley Board Of Realtors In Damikadi INC Warranty Deed $700k · United Bank

    Description

    This exceptional investment opportunity presents a fully leased 4,000 square foot office building situated on the desirable Kanawha Boulevard in Charleston, West Virginia. The property boasts a prime location offering excellent visibility and accessibility for tenants. The building's current occupancy ensures a steady stream of income for the investor, minimizing vacancy risks and maximizing return on investment. The convenient off-street parking provides ample space for tenants and visitors, a significant advantage in a busy urban area. The building itself is well-maintained and ready for immediate income generation. This is an ideal acquisition for investors seeking a stable, cash-flowing asset in a thriving West Virginia market. The property's location on Kanawha Boulevard offers high traffic volume and excellent exposure, making it an attractive location for businesses. The 4,000 square feet of office space provides ample room for multiple tenants or a single large occupant. The fully leased status minimizes management responsibilities and maximizes immediate return. This presents a rare opportunity to acquire a turnkey investment property in a desirable location with minimal vacancy risk. The off-street parking is a key feature, adding value and convenience for tenants. This Charleston office building represents a strong investment opportunity with significant potential for long-term growth and profitability. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,075,000
      ML approach
      $1,075,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $645,000
      Market price range: $418k - $645k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Kanawha
    State
    West Virginia
    Longitude
    -81.6252
    Latitude
    38.3404
    CBSA code
    16620
    CBSA name
    CHARLESTON, WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $15,827
    $63,600
    $428,220
    $491,820
    -
    $106,000
    $713,700
    $819,700

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      1576 Washington E St

      OFFICE/RESIDENTIAL (MIXED USE)
      1576 Washington E St, Charleston, WV 25311-2509
      View Details
    • Value Estimation by Request
      4,196 SF

      1554 Kanawha E Blvd

      OFFICE/RESIDENTIAL (MIXED USE)
      1554 Kanawha E Blvd, Charleston, WV 25311-2474
      View Details
    • Value Estimation by Request
      3,920 SF

      2218 Washington E St

      OFFICE/RESIDENTIAL (MIXED USE)
      2218 Washington E St, Charleston, WV 25311-2219
      View Details
    • Value Estimation by Request
      0.08 Acres

      103 Michigan Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      103 Michigan Ave, Charleston, WV 25311-2208
      View Details
    • Value Estimation by Request
      0.01 Acres

      2106 Kanawha E Blvd

      OFFICE/RESIDENTIAL (MIXED USE)
      2106 Kanawha E Blvd, Charleston, WV 25311-2264
      View Details
    • Value Estimation by Request
      3,067 SF

      2102 Kanawha E Blvd

      OFFICE/RESIDENTIAL (MIXED USE)
      2102 Kanawha E Blvd, Charleston, WV 25311-2205
      View Details

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      Residential Land in Charleston, WV

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    Similar Nearby for Lease

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    View Listing
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    Charleston, WV 25387
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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.

    More about this property
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    1514 Kanawha Blvd, Charleston, WV, 25387
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