Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    237 2Nd St Weston, WV 26452

    • Retail space
    • 0.25 lot acres
    For Sale
    View listing
    $325,000
    Last Sale
    Oct 28, 2022
    $250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US94-0660144
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 237 2Nd St

    Lot size
    0.25 lot acres
    Property type
    Retail space
    APN
    21-09- 9-0293.0000
    APU
    2109902930000

    Description

    This exceptional commercial property, located at 237 E Second Street in Weston, West Virginia, presents a significant investment opportunity. The building boasts a substantial 13,191 square feet of space, offering ample room for a variety of commercial ventures. Situated on a 0.24-acre lot, the property provides convenient access and visibility. The building's versatile layout allows for customization to suit diverse business needs. Its prime location in Weston offers excellent potential for attracting customers and establishing a strong presence within the community. The asking price of $325,000 represents a compelling value for a property of this size and potential. This is an ideal opportunity for entrepreneurs seeking a substantial space to establish or expand their business operations. The property's size and location make it suitable for a wide range of uses, from retail and office space to light industrial or warehousing. Serious inquiries are encouraged to explore the possibilities this property offers. Further details regarding the building's specific features and zoning regulations are available upon request. Don't miss this chance to acquire a significant commercial asset in a thriving West Virginia community. The property is ready for immediate occupancy, allowing for a swift transition into your business operations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $260,000
      ML approach
      $270,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Weston
    County
    Lewis
    State
    West Virginia
    Longitude
    -80.4653
    Latitude
    39.0373

    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
    2023
    $1,203
    $14,640
    $38,340
    $52,980
    -
    $24,400
    $63,900
    $88,300

    Comparable in this City

    • Value Estimation
      $270,000
      0.18 Acres

      224-226 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 0.18 Acres
      224-226 2nd St, Weston, WV 26452
      View Details
    • Value Estimation
      $270,000
      0.07 Acres

      256 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      256 2nd St, Weston, WV 26452
      View Details
    • Value Estimation
      $270,000
      0.07 Acres

      Main Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      Main Ave, Weston, WV 26452
      View Details
    • Value Estimation
      $270,000
      0.08 Acres

      157 Main Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
      157 Main Ave, Weston, WV 26452-1944
      View Details
    • Value Estimation
      $270,000
      0.08 Acres

      145 Main Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
      145 Main Ave, Weston, WV 26452-1944
      View Details
    • Value Estimation
      $275,000
      0.07 Acres

      135 Main Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      135 Main Ave, Weston, WV 26452-2060
      View Details

    Similar Nearby for Sale

    • $145,000
      4,120 SF

      Weston Mixed-Use Income Property

      Mixed-use building with commercial space and two apartments.
      128 Main Ave, Weston, WV 26452
      View Details
    • $99,900
      1,176 SF

      Former Gas Station on US-19

      Versatile retail property with high visibility on US-Route 19.
      274 S Main Ave, Weston, WV 26452
      View Details
    • $39,999
      11,532 SF

      Historic Weston Apartment Building

      Historic apartment building in Weston, WV, ready for redevelopment.
      114 E 3Rd St, Weston, WV 26452
      View Details
    • $125,000
      32.87 Acres

      Weston, WV Residential Land

      32.87 acres perfect for recreation or building.
      00 Gee Lick Rd, Weston, WV 26452
      View Details
    • $30,000
      2.07 Acres

      Residential Land in Lewis County

      2.07 acre residential lot ready for development in Weston, WV.
      000 Dutch Holw, Weston, WV 26452
      View Details
    • $368,800
      184.39 Acres

      Large Acreage in Lewis County

      184.39 acres in Lewis County, WV, perfect for recreation.
      0/TBD Right Loveberry Rd, Weston, WV 26452
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    237 2Nd St
    Weston, WV 26452
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.