Flex Space with Shop
For Sale
$990,000
1010 10th St, Vienna, WV 26105
Adaptable commercial building with open shop areas, finished ground-level space, and an upper-level area ready for customization.
Property Size8,000 SF
Price / SF$123.75
Days on Market24
Property Features for 1010 10th St
General Information
Standard status
Active
Size
8,000 SF
Building Details
Year Built
2017
Listing Agency:
Berkshire Hathaway HomeServices Professional Realty
(304) 482-7500
Listed By:
Steven M Shaver · License #2023002263
Source:
Theacclaimedrealty
Added: Aug 6
Changed: Aug 29
Last Checked: Aug 29 at 2:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Professional Realty
Investment Insights
Based on property information with market context.
Built in 2017, this approximately 8,000-square-foot flex property combines two open shop or warehouse areas with additional finished and unfinished space. The primary areas measure approximately 1,500 square feet and 3,500 square feet, while the dividing partition can be removed to create a contiguous 5,000-square-foot area. Another 1,500 square feet of finished ground-level space supports additional commercial functions, and a separate 1,500-square-foot upper level provides room for a customized layout. Floor drains in the shop areas connect to oil separator tanks.
The property is located at 1010 10th St in Vienna, WV, next to Sam's Club and within the city's business district. Its combination of shop, warehouse, finished, and adaptable areas provides a varied commercial configuration within one building.
The property is located at 1010 10th St in Vienna, WV, next to Sam's Club and within the city's business district. Its combination of shop, warehouse, finished, and adaptable areas provides a varied commercial configuration within one building.
Key Highlights
- Approximately 8,000 sq/ft commercial building constructed in 2017
- Two open shop/warehouse areas measuring approximately 1,500 sq/ft and 3,500 sq/ft
- Removable partition allows the shop areas to become an open 5,000 sq/ft space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$68,665
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,373,300
$1.4M
Cap Rate 7%
$980,929
$980.9K
Cap Rate 9%
$762,944
$762.9K
Market Conditions
NOI Build-Up for 8,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$115.2K $14.40/SF
− Vacancy
−$9.6K −$1.20/SF
EGI
$105.6K $13.20/SF
− OpEx
−$37.0K −$4.62/SF
NOI
$68.7K $8.58/SF
Area
Wood County, WV
Vacancy
8.30%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,373,300
Cap Rate 7%
$980,929
Cap Rate 9%
$762,944
Alternative Uses
Best Use
Flex RnD
$980.9K
$858.3K – $1.14M
NOI $68,665 @ 7.0% cap · market cap 6.94%
Second Best
Warehouse
$587.9K
$514.4K – $685.9K
NOI $41,155 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$2.21M
$1.93M – $2.57M
NOI $154,368 @ 7.0% cap · market cap 15.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 26105, WV
12,247
Population
5,861
Households
2.1
Avg Household Size
45
Median Age
31%
College-Educated
97%
High-School Grad
11.9 sq mi
ZIP Area
1,029
Density / Sq Mi
$65,549
Median Household Income
$40,233
Median Earnings
$859
Median Rent
$162,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial building with open shop areas, finished ground-level space, and an upper-level area ready for customization.
Where is this flex space located?
The property is located at 1010 10th St Vienna, WV.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Approximately 8,000 sq/ft commercial building constructed in 2017; Two open shop/warehouse areas measuring approximately 1,500 sq/ft and 3,500 sq/ft; Removable partition allows the shop areas to become an open 5,000 sq/ft space
