2256 Alta Dr Alderson, WV 24910-7242
Property profile & analytics
2256 Alta Dr, Alderson, WV 24910-7242
- Retail space
- 0.17 lot acres
Property ID
US94-0609769
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.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 2256 Alta Dr
- Lot size
- 0.17 lot acres
- Property type
- Retail space
- APN
- 13-03- 40R-0003.0000
- APU
- 130340R00030000
Description
This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store located at 2256 Alta Dr, Alderson, WV 24910. The 8,000 square foot property sits on a 1.02-acre lot and boasts a strong 9.00% cap rate, generating a net operating income (NOI) of $88,770. Built in 2013, the property features a recently extended corporate lease with Dollar Tree, extending through February 2028, with four 5-year option periods including 10% rent increases each. This represents a secure, long-term investment with a publicly traded, investment-grade tenant (Dollar Tree, NYSE: DLTR). The property benefits from its proximity to Lewisburg, WV, the county seat of Greenbrier County, offering access to government jobs, growth, and a robust retail environment including national retailers like Lowe's, Walmart, and Kroger. The location also enjoys proximity to the WV State Fair and Greenbrier Valley Medical Center. The lease is a triple-net (NNN) lease, meaning the tenant is responsible for property taxes, insurance, and maintenance (excluding roof and structure). This low-maintenance, high-return investment is priced at $987,000 ($123.38/sq ft) and presents a compelling opportunity for investors seeking stable income and long-term growth potential. The asking price reflects a lower-than-market rent, enhancing the overall return.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Alderson
- County
- Greenbrier
- State
- West Virginia
- Longitude
- -80.6313
- Latitude
- 37.7298
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
$3,464
$11,580
$175,260
$186,840
-
$19,300
$292,100
$311,400
