Property profile

410 Race St Ravenswood, WV 26164

OFF-MARKET
Industrial properties
Property ID
US94-1262197
1.33 ac lot
Entity Owned 20-yr Hold Free & Clear
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Property summary

AI-generated overview

This fee-simple industrial property, located at 410 Race St in Ravenswood, West Virginia, presents a compelling investment opportunity. The 13,196-square-foot warehouse boasts a two-story building on a 1.5-acre lot, offering ample space for distribution, manufacturing, or storage. Built in 2000 and renovated in 2000, the building features a 20-foot ceiling height, three loading docks, and one dock-high door, ideal for accommodating large trucks and trailers. The property is conveniently situated just two blocks from downtown Ravenswood and minutes from Route 2 and I-77, providing excellent access to major transportation routes. The vacant space is turn-key ready, with a new flat roof recently installed. The property is zoned commercial and offers potential for expansion. The asking price is $399,000, translating to $30.24 per square foot. This represents a unique opportunity to acquire a well-located, functional warehouse in a growing area. The property's proximity to new developments on Route 2 further enhances its investment potential. The single-unit building is ready for immediate occupancy.

Property profile

Verified
Property type Industrial properties
Use group PRINTING, PUBLISHING (LIGHT INDUSTRIAL)
Lot 1.33 ac (57,935 SF)
APN 18-03- 12-0002.0000
UPID US94-1262197

Cap rate & NOI

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

Location

410 Race St Ravenswood, WV 26164-1702
Ravenswood metro Census 963300 CHARLESTON, WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2006
1 recorded transaction
2006
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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