Flex Space Building with Multiple Shop
For Sale
$990,000
1010 10th Street, Vienna, WV 26105
CommercialSale, Vienna, WV
Property Size8,000 SF
Lot Size0.48 Acres
Price / SF$123.75
Days on Market136
Property Features for 1010 10th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
40
Elementary school district
Wood-Parkersburg HS
Middle school district
Wood-Parkersburg HS
High school district
Wood-Parkersburg HS
Directions
Grand Central Avenue in Vienna, WV to 10th Street beside Sam's Club.
Standard status
Active
APN
10-14-091B0000
Lot size
0.48 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5675
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas, Space Heater
Cooling system
Central Air
Water source
Public
Building Details
Year built
2017
Floors in Building
2
Roof type
Metal
Listing Agency:
Berkshire Hathaway HomeServices Professional Realty
(304) 428-7653
Listed By:
Steven M Shaver · License #29911
(304) 482-7500
Added: Apr 7
Changed: Aug 19
Last Checked: Aug 20 at 11:06PM
MLS# 5198346
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This like-new flex space building was built in 2017 and offers two separate open-concept shop/warehouse areas. One area is approximately 1,500 SF and the other is approximately 3,500 SF, with a separating petition that can be removed to create an open 5,000 SF shop/warehouse footprint. In addition, there is approximately 1,500 finished SF on the ground level that can support multi-use space, and another approximately 1,500 SF above with a blank canvas for a variety of needs.
The building includes floor drains in the shop with oil separator tanks. Heating is provided by forced air natural gas systems with space heaters, and cooling is central air. The property is served by public water and public sewer, and the roof is metal.
With the ability to configure the shop/warehouse areas and the available ground-level and upper-level finished space, the layout is designed to support multiple operational setups within a single building.
The building includes floor drains in the shop with oil separator tanks. Heating is provided by forced air natural gas systems with space heaters, and cooling is central air. The property is served by public water and public sewer, and the roof is metal.
With the ability to configure the shop/warehouse areas and the available ground-level and upper-level finished space, the layout is designed to support multiple operational setups within a single building.
Key Highlights
- Built in 2017 flex space building with central air and forced‑air natural gas heat
- Two open‑concept shop/warehouse areas: approx. 1,500 SF and 3,500 SF
- Separating petition can be removed for a single open 5,000 SF shop/warehouse area
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 - Built in 2017, this flex space features central air, forced-air natural gas heat, and public water and sewer.
Where is this flex space located?
The property is located at 1010 10th Street 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: Built in 2017 flex space building with central air and forced‑air natural gas heat; Two open‑concept shop/warehouse areas: approx. 1,500 SF and 3,500 SF; Separating petition can be removed for a single open 5,000 SF shop/warehouse area
