Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    76 16Th St Wheeling, WV 26003

    Sponsored
    For Sale
    $2,000,000

    Real Estate Only - Wheeling, WV

    Property size:
    22,000 SF
    Lot size:
    0.70 Acres
    Days on Market:
    29
    Last Refresh:
    Feb 26 at 9:06 pm

    Property Features for 76 16Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking
    65
    Size
    22,000 SF
    Lot size
    0.70 Acres

    Building Details

    Year built
    1971
    Architectural style
    Other

    We can help!

    Listing Contact
    Lee Paull IV
    Lee Paull IV

    Paull Associates (304) 233-3303

    Listing agent Lee Paull IV (304) 233-3303

    Listing date Jan 29, 2026

    MLS# 135426 Listing URL

    Copyright © 2026 Wheeling 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.

    Learn more

    Property Insight Report

    Overview

    Prime Wheeling Office Space

    This property features 22,000 square feet of office space and approximately 65 parking spaces. The building is updated and currently has four tenants, all of whom wish to remain. The property is situated on a 0.7-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheeling
    County
    Ohio
    State
    West Virginia
    Longitude
    -80.71856
    Latitude
    40.064095

    Nearby Similar for Sale

    • Contact for pricing
      54,720 SF

      Wheeling Office Building For Sale

      54,720 SF office building available in Wheeling, WV.
      45 20 St, Wheeling, WV
      View Details
    • $1,055,000
      8,758 SF

      Wheeling Auto Shop - Net Lease

      High-Cap Rate Auto Shop Investment
      868 National Rd, Wheeling, WV 26003
      View Details
    • $439,000
      0.30 Acres

      Established Flower Shop For Sale

      Historic flower shop in Wheeling, WV, with loyal customer base.
      1109 Eoff St, Wheeling, WV 26003
      View Details
    • $595,000
      0.57 Acres

      Three-Story Building in Wheeling, WV

      Three-story building with elevator, parking, and loading dock.
      11th Chapline St, Wheeling, WV 26003
      View Details
    • $159,000
      0.23 Acres

      Wheeling Restaurant Business and Property

      Established restaurant business and real estate for sale in Wheeling.
      3900 Jacob St, Wheeling, WV 26003
      View Details
    • $175,000
      Pending

      Wheeling, WV Car Wash Business

      Car wash with automatic and self-serve bays for sale.
      & FAIRMONT PIKE Bethlehem Blvd, Wheeling, WV 26003
      View Details
    • $260,000
      5,000 SF

      Wheeling Multifamily Investment Opportunity

      Well-maintained 8-bedroom multifamily property with immediate income potential.
      411-413 South Penn St, Wheeling, WV 26003
      View Details
    • New
      $338,000
      0.11 Acres

      Wheeling Multi-Family Investment Opportunity

      Multi-family property with redevelopment potential near 16th Street exit.
      1517 Wood St, Wheeling, WV 26003
      View Details
    • $291,000
      0.08 Acres

      Renovated Multi-Family Investment Opportunity

      Fully renovated multi-family property in historic South Wheeling.
      3124-3126 Eoff St, Wheeling, WV 26003
      View Details
    • $55,000
      0.14 Acres

      Wheeling Duplex: Investment Opportunity

      Up/Down duplex near downtown Wheeling, offering immediate rental income.
      98 Iowa St, Wheeling, WV 26003
      View Details
    • New
      $190,000
      0.07 Acres

      Four-Unit Apartment Building Investment

      Fully occupied four-unit apartment building with immediate cash flow.
      4001-4003 Wood St, Wheeling, WV 26003
      View Details
    • New
      $400,000
      0.14 Acres

      Wheeling Commercial Property with Lifts

      Commercial property in Wheeling, WV, ideal for auto business.
      512 National Rd, Wheeling, WV 20003
      View Details

    FAQs

    What type of property is this?
    Office building - Updated office building with excellent cash flow and tenants.
    Where is this office building located?
    The property is located at 76 16Th St Wheeling, WV.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - 22,000 sq ft of prime office space; - Excellent cash flow; - 65 parking spaces available
    (304) 280-4804
    Request Owner's contact information
    76 16Th St Wheeling, WV 26003
    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.
    76 16Th St
    Wheeling, WV 26003
    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
    76 16Th St Wheeling, WV 26003
    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

    We can help!
    Listing Contact
    Lee Paull IV
    Lee Paull IV
    (304) 280-4804 (304) 233-3303
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!