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    500 Lee St East Charleston, WV 25301
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    Property profile & analytics

    500 Lee St East Charleston, WV 25301

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    • Office buildings
    • 1.99 lot acres
    For Lease
    $690,000
    View Listing →
    Class A Office Tower For Lease
    $690,000
    30,215 SF

    Class A Office Tower

    Prestigious high-rise office tower in Charleston's center.

    500 Lee Street East, Charleston, WV 25301
    View Listing
    Property ID
    US94-0194629
    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
    $690,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Salon Icon / Hair Salon / Nail Salon
    • Jackson Kelly PLLC / Law Firm
    • Jackson Kelly LLC: Steve Condaras / Law Firm
    • CDM Smith Inc. / Engineering Consultant
    • Merrill Lynch Wealth Management / Financial Advisor

    Property Details for 500 Lee St East

    Lot size
    1.99 lot acres
    Property type
    Office buildings
    APN
    20-11- 9-0065.0000
    APU
    2011900650000

    Description

    Laidley Tower offers exceptional Class A office suites in Charleston, West Virginia's Central Business District. This eighteen-story, single building high-rise boasts 214,000 square feet of prime office space, perfect for multiple tenants. Currently, there are eight available suites ranging in size from 1,120 to 12,317 square feet, providing flexibility for businesses of various scales. Built in 1984 and extensively renovated in 2020, the building features modern amenities designed for optimal productivity and comfort. These include a convenient on-site banking facility, enhancing accessibility for financial transactions. Security is paramount, with 24/7 on-site security and a keycard entry system ensuring a safe and controlled environment. High-speed internet access is readily available throughout the building, supporting seamless connectivity. A micro-market provides convenient on-site food and beverage options. Parking is ample, with a total of 549 spaces available, combining surface and covered parking. Five modernized high-speed elevators ensure efficient and convenient vertical transportation. The elegant atrium lobby, renovated in 2020, provides a welcoming and impressive first impression. This is a truly exceptional opportunity to secure prestigious office space in a well-maintained and amenity-rich building within the heart of Charleston's business district.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $690,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Kanawha
    State
    West Virginia
    Longitude
    -81.6344
    Latitude
    38.3531
    CBSA code
    16620
    CBSA name
    CHARLESTON, WV METROPOLITAN STATISTICAL AREA

    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
    $249,162
    $1,234,620
    $6,508,140
    $7,742,760
    -
    $2,057,700
    $10,846,900
    $12,904,600

    Comparable in this City

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      0.04 Acres

      210 Lee E St

      OFFICE BUILDING • 0.04 Acres
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    • Value Estimation
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      0.56 Acres

      901 Lee E St

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 0.56 Acres
      901 Lee E St, Charleston, WV 25301-1704
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      0.12 Acres

      723 Kanawha E Blvd

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 0.12 Acres
      723 Kanawha E Blvd, Charleston, WV 25301-2707
      View Details

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      Renovated Office Building in Charleston

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      Downtown Building with Remodeled First

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      Charleston Office Building For Sale

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      Downtown Charleston Commercial Building

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      Six-Story Office Building For Sale

      Multi-tenant office building with modern amenities and immediate occupancy.
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    Similar Nearby for Lease

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      Downtown Charleston Office Space Available

      20-story office building with city views and tenant amenities.
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      30,215 SF

      Class A Office Tower

      Prestigious high-rise office tower in Charleston's center.
      500 Lee St East, Charleston, WV 25301
      View Details
    • Contact for pricing

      Downtown Charleston Office Space Available

      Office suites for lease in central downtown location.
      109 Capitol St, Charleston, WV 25301
      View Details
    • Contact for pricing

      Office Space with High-End Finishes

      Office building with high-end finishes and attached parking garage.
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    • Sponsored
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      WV, Charleston - Quarrier St

      Flexible workspace in WV, Charleston - Quarrier St
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      Downtown Charleston Office Space Available

      Office space for rent in downtown Charleston's Central Business District.
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    View Listing
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    500 Lee St East
    Charleston, WV 25301
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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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    500 Lee St East, Charleston, WV, 25301
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