Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    707 Virginia St East Charleston, WV 25301
    Back to Search
    Property profile & analytics

    707 Virginia St East Charleston, WV 25301

    View on Map
    • Banks
    • 1.51 lot acres
    For Lease
    $22 SF/Yr
    View Listing →
    Downtown Charleston Office Space For Lease
    $22 SF/Yr
    22,496 SF

    Downtown Charleston Office Space

    Office space available in Charleston's Central Business District.

    707 Virginia Street East, Charleston, WV 25301
    View Listing
    Property ID
    US94-0057889
    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

    • Ricoh USA Inc. / (Bike/Boat/Book/etc) Store / Printing Service
    • Resolver Inc. / (Bike/Boat/Book/etc) Store / Corporate Office
    • Northeast Natural Energy LLC / Construction Company / General Contractor
    • Carey Douglas Kessler & Ruby / Law Firm
    • CBRE / Real Estate Agency

    Property Details for 707 Virginia St East

    Lot size
    1.51 lot acres
    Property type
    Banks
    APN
    20-11- 7-0058.0000
    APU
    2011700580000

    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
    -81.6369
    Latitude
    38.3492
    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
    $436,544
    $936,780
    $12,628,920
    $13,565,700
    -
    $1,561,300
    $21,048,200
    $22,609,500

    Comparable in this City

    • Value Estimation
      $715,000
      0.10 Acres

      702 Virginia E St

      FINANCIAL BUILDING • 0.10 Acres
      702 Virginia E St, Charleston, WV 25301
      View Details
    • Value Estimation by Request
      0.93 Acres

      400 Washington E St

      FINANCIAL BUILDING • 0.93 Acres
      400 Washington E St, Charleston, WV 25301-1509
      View Details
    • Value Estimation by Request
      0.24 Acres

      101 Summers St

      FINANCIAL BUILDING • 0.24 Acres
      101 Summers St, Charleston, WV 25301
      View Details
    • Value Estimation by Request
      0.27 Acres

      817 Virginia E St

      FINANCIAL BUILDING • 0.27 Acres
      817 Virginia E St, Charleston, WV 25301-2812
      View Details
    • Value Estimation by Request
      1.02 Acres

      1316 Kanawha E Blvd

      FINANCIAL BUILDING • 1.02 Acres
      1316 Kanawha E Blvd, Charleston, WV 25301-3001
      View Details
    • Value Estimation by Request
      0.86 Acres

      1318 Kanawha E Blvd

      FINANCIAL BUILDING • 0.86 Acres
      1318 Kanawha E Blvd, Charleston, WV 25301
      View Details

    Similar Nearby for Sale

    • $330,000
      3,050 SF

      Vacant Retail Building For Sale

      Vacant retail building with 3,050 square feet of space.
      1429 Washington St E, Charleston, WV 25301
      View Details
    • $5,100,000

      Charleston Retail Space For Sale

      Retail space in Charleston, West Virginia, along the Kanawha River.
      401 Lee St East, Charleston, WV 25301
      View Details
    • $499,900
      8,700 SF

      Downtown Charleston Commercial Building

      Versatile 8,700 SF commercial building in Charleston's Central Business District.
      229 Capitol St, Charleston, WV 25301
      View Details
    • Contact for pricing
      Pending

      Charleston Warehouse Auction - 68,000 SF

      Two connected multi-story warehouses in Charleston's warehousing district.
      1320 Smith St, Charleston, WV 25301
      View Details
    • New
      $4,295,000
      37,866 SF

      Downtown Charleston Mixed-Use Opportunity

      Prime mixed-use property with parking in downtown Charleston.
      901 Quarrier St, Charleston, WV 25301
      View Details
    • Contact for pricing

      Finished Office Space with Income

      Office building with multiple tenants and income potential.
      1337 Virginia St E, Charleston, WV 25301
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Charleston Office Space Available

      20-story office building with city views and tenant amenities.
      300 Capitol St, Charleston, WV 25301
      View Details
    • Contact for pricing
      9,700 SF

      Industrial Space Available For Rent

      9,700 sqft industrial property available for lease.
      1336 Hansford St, Charleston, WV 25301
      View Details
    • Contact for pricing
      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
    • Sponsored
      Contact for pricing

      WV, Charleston - Quarrier St

      Flexible workspace in WV, Charleston - Quarrier St
      1038 Quarrier St, Charleston, WV 25301
      View Details
    • $19 SF/Yr

      Downtown Charleston Office Space Available

      Office space for rent in downtown Charleston's Central Business District.
      400 Washington St East, Charleston, WV 25301
      View Details
    • Contact for pricing

      Office Space with High-End Finishes

      Office building with high-end finishes and attached parking garage.
      900 Virginia St E, Charleston, WV 25301
      View Details
    View Listing
    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.
    707 Virginia St East
    Charleston, WV 25301
    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

    Thank You for Inquiry
    707 Virginia St East, Charleston, WV, 25301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!