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    3712 Maccorkle Ave Charleston, WV 25304
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    3712 Maccorkle Ave Charleston, WV 25304

    View on Map
    • Office Spaces
    • 7,000 SF
    • 0.18 lot acres
    Off-Market
    Property ID
    US94-0360607
    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
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 3712 Maccorkle Ave

    Year built
    1950
    Lot size
    0.18 lot acres
    Property size
    7,000 SF
    Property type
    Office Spaces

    Description

    This exceptional 7,000-square-foot commercial property, located at 3712 MacCorkle Avenue Unit 3712 in Charleston, West Virginia, presents a unique investment opportunity. Completely renovated in 2016, this two-story building boasts a highly desirable location on MacCorkle Avenue within the thriving Kanawha City commercial district. The property is zoned C-8, allowing for a wide range of commercial uses. The building's design is both modern and functional, featuring a striking double-glass entrance and a large showroom with expansive windows that maximize natural light. Each floor offers 3,500 square feet of versatile space, perfect for businesses requiring ample room for operations and client interaction. Adding to its practicality, the property includes approximately 2,000 square feet of additional storage space on the lower level, conveniently accessible from a rear entrance. On-site parking is available, ensuring convenient access for employees and customers alike. This property sits within an established business district, offering excellent visibility and accessibility. The 0.18-acre lot provides ample space for the building and parking. Priced at $449,000, this is an outstanding opportunity to acquire a fully renovated, high-visibility commercial property in a prime Charleston location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Kanawha
    State
    West Virginia
    Longitude
    -81.59417
    Latitude
    38.32812

    Comparable in this City

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      Charleston Office Building For Sale

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    Similar Nearby for Sale

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      Charleston Office Building - Prime Location

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    • $520,000
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      Charleston Investment Property on MacCorkle

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      13,635 SF

      Charleston Office Building For Sale

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    • $5,500,000
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      Kanawha City Commercial Building

      Versatile commercial building in Kanawha City with income potential.
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      Mixed-Use Building in Kanawha City

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    Similar Nearby for Lease

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      3,750 SF

      Move-in Ready Office Space

      Office space with parking available for rent in Charleston.
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      Charleston Office Space Available

      Office space available for rent in Charleston, West Virginia.
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    • $25 SF/Yr
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      Kanawha City Retail Space Available

      2,000 SF retail space in Charleston's Kanawha City.
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      Kanawha City Land for Development

      1.95 acres of land available near Kanawha Mall.
      5700 Maccorkle Ave SE, Charleston, WV 25304
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      37,655 SF

      Charleston Warehouse with Interstate Access

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      107,423 SF

      Retail Space Available For Lease

      Retail property available for lease with 107423 square feet.
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    Charleston, WV 25304
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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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    3712 Maccorkle Ave, Charleston, WV, 25304
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