Building Details

Building Size 60,000 SF

Year Built 2000

Listing Agency: RE/MAX Properties of the Valley

Listed By: Tania Moore Show Phone

Source: Asacoxhomes

Added: Sep 29 Changed: Sep 30 Last Checked: Oct 5 at 3:04PM

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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 RE/MAX Properties of the Valley

Investment Insights

Based on property information with market context.

This flex property in Williamstown combines approximately 58,000 square feet of connected high-bay warehouse space with 2,000 square feet of finished office area. The office is brick construction and includes a reception area, conference room, three private offices, two restrooms, and a kitchenette. The property was built in 2000 and sits on 8.91 acres. Warehouse features include three-phase power, nine garage doors, two potential truck docks, and an interior wash bay. A gravel area is also provided for heavy equipment.

Located at 1831 Williams Highway, the site includes room for parking and yard use, with potential for expansion. The warehouse and office components offer distinct work and administrative areas within one connected property.

Key Highlights

• Approximately 58,000 square feet of connected high‑bay warehouse space
• 2,000 square feet of finished office space with reception, conference room, three private offices, two restrooms, and kitchenette
• 8.91‑acre site with parking and yard area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$254,192

Cap Rate

7.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,083,840 $5.1M

Cap Rate 7%

$3,631,314 $3.6M

Cap Rate 9%

$2,824,356 $2.8M

Market Conditions

NOI Build-Up for 60,000 SF

Gross rent

$396.0K $6.60/SF

− Vacancy

−$32.9K −$0.55/SF

EGI

$363.1K $6.05/SF

− OpEx

−$108.9K −$1.82/SF

NOI

$254.2K $4.24/SF

Area

Wood County, WV

Vacancy

8.30%

Lease Rate

$6.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,083,840

Cap Rate 7%

$3,631,314

Cap Rate 9%

$2,824,356

Alternative Uses

Best Use

Flex RnD

$7.36M

$6.44M – $8.58M (±1% cap)

NOI $514,987 @ 7.0% cap · market cap 16.09%

Second Best

Warehouse

$4.41M

$3.86M – $5.14M (±1% cap)

NOI $308,662 @ 7.0% cap · market cap 9.65%

Theoretical Best

Office A

$16.54M

$14.47M – $19.30M (±1% cap)

NOI $1,157,760 @ 7.0% cap · market cap 36.18%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Pharmacy Hair Salon Building Supply Pet Grooming Service

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

Location Intelligence

Trade Area within ½ mile

51

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Connected warehouse areas are paired with a dedicated, finished office component.

Where is this flex space located?

The property is located at 1831 Williams Highway Williamstown, WV.

What is the asking price?

The asking price for this property is $3,200,000.

What are key features of this property?

This property features: Approximately 58,000 square feet of connected high‑bay warehouse space; 2,000 square feet of finished office space with reception, conference room, three private offices, two restrooms, and kitchenette; 8.91‑acre site with parking and yard area