Office Warehouse with Rear
1234 Ohio Avenue Dunbar, WV 25064
1234 Ohio Avenue, Dunbar, WV, 25064
$262,800
For Sale
$262,800
Commercial office/warehouse building includes office space, warehouse/work area, rear parking, and alley access.
Property Size4,500 SF
Price / SF$58.40
Days on Market21
Property Features for 1234 Ohio Avenue
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- Commercial Building
Building Details
- Year Built
- 1970
Listing agency
Joe R. Pyle Complete Auction and Realty Service
(304) 592-6000
Listed by
Joe Pyle
(304) 592-6000
Source
Doyle-realty
Added: Jul 2 Updated: Jul 21 at 3:28AM Checked: Jul 21 at 3:28AM
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 Joe R. Pyle Complete Auction and Realty Service
Investment Insights
Based on property information with market context.
This commercial office/warehouse building includes office space and a warehouse/work area, with rear parking and alley access. The property is approximately 4,500+/- square feet.
The asset is located in Dunbar’s B-2 Central Business District. Public remarks also reference nearby Kanawha County School District facilities including South Charleston High School and multiple Dunbar schools.
The building layout supports combined office and warehouse operations, with convenient rear parking and alley access for movement and service.
The asset is located in Dunbar’s B-2 Central Business District. Public remarks also reference nearby Kanawha County School District facilities including South Charleston High School and multiple Dunbar schools.
The building layout supports combined office and warehouse operations, with convenient rear parking and alley access for movement and service.
Key Highlights
- Commercial office/warehouse building built in 1970
- Approximately 4,500+/- sqft with office space and warehouse/work area
- Includes rear parking and alley access
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.1k | $7.80 |
| − Vacancy | −$3.0k | −$0.66 |
| EGI | $32.1k | $7.14 |
| − OpEx | −$9.6k | −$2.14 |
| NOI | $22.5k | $5.00 |
4,500 SF · lease $7.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$394.2K
$345.0K – $460.0K
NOI $27,597 @ 7.0% cap · market cap 10.50%
Second Best
Warehouse
$374.8K
$328.0K – $437.3K
NOI $26,238 @ 7.0% cap · market cap 9.98%
Theoretical Best
Office A
$992.4K
$868.3K – $1.16M
NOI $69,466 @ 7.0% cap · market cap 26.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pierson Technical Services
Production Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Commercial office/warehouse building includes office space, warehouse/work area, rear parking, and alley access.
Where is this flex space located?
The property is located at 1234 Ohio Avenue Dunbar, WV.
What is the asking price?
The asking price for this property is $262,800.
What are key features of this property?
This property features: Commercial office/warehouse building built in 1970; Approximately 4,500+/- sqft with office space and warehouse/work area; Includes rear parking and alley access
