Technical
Financial
Distress signals
Property profile

202 Main W St Ripley, WV 25271

OFF-MARKET
Office buildings
Property ID
US94-1207672
0.06 ac lot
Entity Owned 21-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This meticulously restored commercial building at 202 Main Street, Ripley, WV, presents a unique investment opportunity. Boasting approximately 5,100 square feet of office space across multiple levels, this property offers substantial rental income. Previously a bank, the building retains original character, including a still-functional safe, seamlessly blended with upscale modern finishes throughout. The renovation encompassed the entire structure, from foundation to roof, resulting in a turnkey operation. Currently, all available space is leased to long-term tenants, providing immediate cash flow. Building amenities include a functional elevator, a comprehensive fire suppression and sprinkler system, and a forced-air gas furnace with central air conditioning. The property sits on a 0.06-acre lot, providing ample space for parking and potential future expansion. The building's prime location on Main Street in Ripley offers excellent visibility and accessibility. While the listed square footage is approximately 5,100 square feet, potential buyers are advised to independently verify all measurements and square footage. This is an exceptional opportunity to acquire a high-quality, income-producing commercial property in a desirable location. The asking price is $375,000.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Lot 0.06 ac (2,788 SF)
APN 18-05- 13-0123.0000
UPID US94-1207672

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

202 Main W St Ripley, WV 25271-1414
Ripley metro Census 963600 CHARLESTON, WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2005
1 recorded transaction
2005
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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