Office/Warehouse Flex
For Sale
$262,800
Pending
1234 Ohio Avenue, Dunbar, WV 25064
Commercial Sale, Dunbar, WV
Property Size4,500 SF
Lot Size0.13 Acres
Days on Market112
Property Features for 1234 Ohio Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Pending
APN
26-12-139 & 140
Size
4,500 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5155
Building Details
Year built
1970
Listing Agency:
Joe R. Pyle Complete Auction and Realty Service
Listed By:
Joe Pyle
(304) 592-6000
Added: Jul 2
Changed: Oct 7
Last Checked: Oct 21 at 6:06AM
MLS# 11866678
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This flex space combines office area with warehouse and work space in a commercial building constructed in 1970. The property contains approximately 4,500+/- square feet and includes rear parking for operational convenience.
Located in Dunbar’s B-2 Central Business District, the property also benefits from alley access. The 0.13-acre site at 1234 Ohio Avenue provides a compact commercial setting for office and warehouse functions.
Located in Dunbar’s B-2 Central Business District, the property also benefits from alley access. The 0.13-acre site at 1234 Ohio Avenue provides a compact commercial setting for office and warehouse functions.
Key Highlights
- Approximately 4,500+/- sqft. of office, warehouse, and work area
- B‑2 Central Business District zoning
- Rear parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,482
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,640
$449.6K
Cap Rate 7%
$321,171
$321.2K
Cap Rate 9%
$249,800
$249.8K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$35.1K $7.80/SF
− Vacancy
−$3.0K −$0.66/SF
EGI
$32.1K $7.14/SF
− OpEx
−$9.6K −$2.14/SF
NOI
$22.5K $5.00/SF
Area
Kanawha County, WV
Vacancy
8.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,640
Cap Rate 7%
$321,171
Cap Rate 9%
$249,800
Alternative Uses
Best Use
Office B
$676.9K
$592.3K – $789.8K
NOI $47,385 @ 7.0% cap · market cap 18.03%
Second Best
Flex RnD
$394.2K
$345.0K – $460.0K
NOI $27,597 @ 7.0% cap · market cap 10.50%
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 authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 25064, WV
9,229
Population
5,058
Households
1.8
Avg Household Size
44
Median Age
31%
College-Educated
94%
High-School Grad
6.7 sq mi
ZIP Area
1,377
Density / Sq Mi
$52,708
Median Household Income
$35,274
Median Earnings
$902
Median Rent
$117,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - B-2 Central Business District property with office, warehouse, 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: Approximately 4,500+/- sqft. of office, warehouse, and work area; B‑2 Central Business District zoning; Rear parking included
