Signalized Corner Automotive
For Sale
$849,000
100 W 3rd Street Williamstown, Williamstown, WV 26187
Approximately 0.70-acre lot on a signalized corner, formerly operated as a car lot, offering a flexible layout for automotive or commercial redevelopment.
Property Size7,329 SF
Lot Size0.70 Acres
Days on Market46
Property Features for 100 W 3rd Street Williamstown
General Information
Standard status
Active
Size
7,329 SF
Lot size
0.70 Acres
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$960
Amenities
true
Public
0.7
Assessor
7329
Building Details
Building Size
7,329 SF
Year Built
1971
Listing Agency:
(330) 590-5379
Listed By:
Stephanie Kutcher
(330) 590-5379
Source:
Akroncantonhomesonline
Added: Jul 8
Changed: Aug 20
Last Checked: Aug 22 at 3:44AM
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 Stephanie Kutcher
Investment Insights
Based on property information with market context.
This approximately 0.70-acre commercial site at 100 W 3rd Street in Williamstown, WV was formerly operated as a car lot and is positioned for continued automotive use. The property’s flexible layout supports a range of possibilities, including redevelopment for retail, office, service-oriented businesses, or mixed-use development.
Located on a signalized corner, the site benefits from straightforward access and visibility in a highly traveled corridor, making it practical for immediate use and adaptable for future plans. Offered for sale at a single, standalone parcel, it provides a convenient opportunity to acquire a prominent corner location with an established automotive orientation and redevelopment flexibility.
Located on a signalized corner, the site benefits from straightforward access and visibility in a highly traveled corridor, making it practical for immediate use and adaptable for future plans. Offered for sale at a single, standalone parcel, it provides a convenient opportunity to acquire a prominent corner location with an established automotive orientation and redevelopment flexibility.
Key Highlights
- Approximately 0.70‑acre lot at a signalized corner with high‑traffic exposure
- Formerly operated as a car lot, suited for continued automotive use
- Flexible layout for commercial redevelopment, including retail, office, and service‑oriented businesses
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
$70,774
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
8.34%
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%
$1,415,480
$1.4M
Cap Rate 7%
$1,011,057
$1.0M
Cap Rate 9%
$786,378
$786.4K
Market Conditions
NOI Build-Up for 7,329 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
$105.5K $14.40/SF
− Vacancy
−$4.4K −$0.60/SF
EGI
$101.1K $13.80/SF
− OpEx
−$30.3K −$4.14/SF
NOI
$70.8K $9.66/SF
Area
Wood County, WV
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$1,415,480
Cap Rate 7%
$1,011,057
Cap Rate 9%
$786,378
Alternative Uses
Best Use
Retail
$1.01M
$884.7K – $1.18M
NOI $70,774 @ 7.0% cap · market cap 8.34%
Second Best
Industrial
$443.6K
$388.1K – $517.5K
NOI $31,050 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,420 @ 7.0% cap · market cap 16.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Advance Auto Parts
Shops & Services
3,903 visits/mo
0.4 miles
Demographics for 26187, WV
6,209
Population
2,921
Households
2.1
Avg Household Size
45
Median Age
35%
College-Educated
96%
High-School Grad
21.5 sq mi
ZIP Area
289
Density / Sq Mi
$80,714
Median Household Income
$44,571
Median Earnings
$865
Median Rent
$183,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cole's Tire & Supply, Inc. — 205 Greene St, Marietta, OH 45750
- Carwrex LLC — 225 Central Ave, Williamstown, WV 26187
- Gabbert Cullet Co — 700 Cherry Ave, Williamstown, WV 26187
- CNAC — Marietta, OH 45750
- Williamstown Auto Services — 404 W 3rd St, Williamstown, WV 26187
Frequently Asked Questions
What type of property is this?
Auto shop - Approximately 0.70-acre lot on a signalized corner, formerly operated as a car lot, offering a flexible layout for automotive or commercial redevelopment.
Where is this auto shop located?
The property is located at 100 W 3rd Street Williamstown Williamstown, WV.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Approximately 0.70‑acre lot at a signalized corner with high‑traffic exposure; Formerly operated as a car lot, suited for continued automotive use; Flexible layout for commercial redevelopment, including retail, office, and service‑oriented businesses
