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    Huntington Mixed-Use Office/Warehouse Campus Title is generated by Realmo AI

    235 Terrace Avenue, Huntington, WV 25705

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    For Sale
    $6,900,000

    Mixed - Huntington, WV

    Added:
    Oct 8, 2025
    Days on Market:
    226
    Last Refresh:
    May 21 at 1:06 pm

    Property Features for 235 Terrace Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Interior features
    Sprinkler System, Loading Dock(s), Outside Light(s), Roof Ventilation Fan, Drive-in Door
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active

    Utilities

    Heating system
    Central, Electric (Heating), Hot Water (Heating), Natural Gas, Space Heater
    Cooling system
    Attic Fan, Central Air

    Building Details

    Year built
    1960
    Building materials
    Brick
    Roof type
    Metal, Rubber, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Francis McGuire
    Francis McGuire

    Listing agent Francis McGuire

    Listing office MCGUIRE REALTY COMPANY 1001 6th AVENUE, HUNTINGTON, WV

    Listing date Oct 8, 2025

    MLS# 182407 Listing URL

    Copyright © 2026 Huntington Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Strategic location in Denning Commerce Park, less than 1 mile from I‑64 (Exit 15) and 5 minutes from downtown Huntington, providing excellent regional access.
    • Large campus with 139,277 sq ft across 11 buildings on 11.95 acres, offering flexible layouts for various uses.
    • Abundant on‑site parking (over 300 spots) and public transportation access, ensuring convenient accessibility.
    • Combination of office and warehouse space with conference rooms, kitchens, and restrooms.
    • Favorable business tax structure with no City B&O Tax and no Weekly Employee User Fee.
    • Utilities and infrastructure are in place for immediate occupancy.

    Overview

    This office and warehouse campus is located in Denning Commerce Park, less than 1 mile from the I-64 East Huntington Interchange (Exit 15) and 5 minutes from downtown Huntington. Situated on 11.95 acres comprising 8 parcels, the property includes 11 buildings totaling approximately 139,277 square feet. The layout features a mix of interconnected and stand-alone buildings. The property is suitable for multi-tenant operations, logistics, light manufacturing, or a corporate headquarters. It includes warehouses, private and open offices, conference rooms, kitchens, and restrooms. Parking lots are fully paved with over 300 spots. The campus is handicap accessible and has public transportation access with city bus service every 15 minutes and a covered bus stop adjacent to the property. Denning Commerce Park provides direct routes to Barboursville, Ashland, and Charleston, making it suitable for regional distribution. The area has infrastructure, utilities, and nearby amenities including restaurants, hotels, and retail centers. Potential uses include corporate headquarters or regional offices, light manufacturing or assembly, research & development, logistics, warehousing, or distribution, and multi-tenant investment property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Store n go mini — 125 Price Industrial Ln, Huntington, WV 25702
    • Route 60 Storage — 3338 US-60 East, Huntington, WV 25705
    • Boat and Rv storage Huntington — Price Industrial Ln, Huntington, WV 25702
    • Storage Wise of Huntington — 5091 Oak Ridge Dr, Huntington, WV 25705

    Location Insight

    • Map
    • Local Demand
    City
    Huntington
    County
    Wayne
    State
    West Virginia
    Longitude
    -82.366046
    Latitude
    38.4179

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    FAQs

    What type of property is this?
    Warehouse - Office and warehouse campus ideal for multi-tenant operations.
    Where is this warehouse located?
    The property is located at 235 Terrace Avenue Huntington, WV.
    What is the asking price?
    The asking price for this property is $6,900,000.
    What are key features of this property?
    This property features: Strategic location in Denning Commerce Park, less than 1 mile from I‑64 (Exit 15) and 5 minutes from downtown Huntington, providing excellent regional access.; Large campus with **139,277 sq ft across 11 buildings on 11.95 acres**, offering flexible layouts for various uses.; Abundant on‑site parking (over 300 spots) and public transportation access, ensuring convenient accessibility.
    (304) 751-6577
    We can help!
    Listing Contact
    Francis McGuire
    Francis McGuire
    Real Estate License ID: 0019009
    Learn More
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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.

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