1200 Valley View Avenue, Wheeling, WV 26003

Building Details

Building Size 2,911 SF More

Year Built 1925 More

Tenancy Multi More

Listing Agency: REMAX BROADWATER Show Phone

Listed By: Salesperson Kasie Chastain

Source: Karenullomrealty

Added: Oct 19 Changed: Nov 7 Last Checked: Nov 7 at 3:51PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

At 1200 Valley View Avenue in Wheeling, this 2,911-square-foot retail property was built in 1925 and includes a cellar. Its commercial zoning and existing tenant mix define the property's current profile.

The building is leased to independently operated businesses: a coffee shop, a seasonal greenhouse, and a beauty salon. The businesses themselves are not part of the sale.

Key Highlights

• 2,911‑square‑foot retail property
• Built in 1925
• Tenant mix includes a coffee shop, seasonal greenhouse, and beauty salon

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,238

Cap Rate

6.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$584,760 $584.8K

Cap Rate 7%

$417,686 $417.7K

Cap Rate 9%

$324,867 $324.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,911 SF

Gross rent

$41.9K $14.40/SF

− Vacancy

−$2.9K −$1.01/SF

EGI

$39.0K $13.39/SF

− OpEx

−$9.7K −$3.35/SF

NOI

$29.2K $10.04/SF

Area

Ohio County, WV

Vacancy

7.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$584,760

Cap Rate 7%

$417,686

Cap Rate 9%

$324,867

Alternative Uses

Best Use

Specialty Retail

$417.7K

$365.5K – $487.3K (±1% cap)

NOI $29,238 @ 7.0% cap · market cap 6.03%

Second Best

Retail

$156.4K

$136.9K – $182.5K (±1% cap)

NOI $10,951 @ 7.0% cap · market cap 2.26%

Theoretical Best

Multifamily LT 5

$17.64M

$15.44M – $20.58M (±1% cap)

NOI $1,234,877 @ 7.0% cap · market cap 254.61%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage Building Supply Auto Parts Store (Bike/Boat/Book/etc) Store Garden Center Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

503

Businesses Nearby

38k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 92% Hotels & Casinos 8%

Dollar General Shops & Services

15,905 visits/mo 0.0 miles

The UPS Store Shops & Services

6,997 visits/mo 0.0 miles

Chase Bank Shops & Services

6,314 visits/mo 0.2 miles

Marathon Petroleum Shops & Services

5,960 visits/mo 0.2 miles

SpringHill Suites Wheeling Hotels & Casinos

2,984 visits/mo 0.5 miles

Demographics for 26003, WV

40,591

Population

20,853

Households

1.9

Avg Household Size

45

Median Age

33%

College-Educated

94%

High-School Grad

91.1 sq mi

ZIP Area

446

Density / Sq Mi

$58,625

Median Household Income

$39,042

Median Earnings

$823

Median Rent

$164,500

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - The property includes a cellar and is zoned for commercial use.

Where is this retail space located?

The property is located at 1200 Valley View Avenue Wheeling, WV.

What is the asking price?

The asking price for this property is $485,000.

What are key features of this property?

This property features: 2,911‑square‑foot retail property; Built in 1925; Tenant mix includes a coffee shop, seasonal greenhouse, and beauty salon