Building Details

Year Built 1968

Buildings 1

Building Size 10,352 SF

Construction metal building

Listing Agency: Coldwell Banker Commercial Select Properties b***@coldwellbanker.com Show Phone

Listed By: Betsy L Asbury-Parsons · License #230302633

Source: Theacclaimedrealty

Added: Aug 19 Changed: Aug 30 Last Checked: Aug 30 at 7:23PM

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Investment Insights

Based on property information with market context.

This marina property combines three level lots totaling approximately 9,324 square feet with a 10,352-square-foot metal building. The structure was built in 1968 and is currently occupied by Al-Cott Marine Service, a boat repair and storage business operating continuously since 1969. Connected electrical service is in place, while public water and sewer utilities are available in the area.

The site occupies the corner of WV Route 14 and Dodge Ave, with approximately 148 feet of road frontage and a total site dimension of approximately 148 feet by 63 feet. The public boat ramp and Ohio River are steps away, placing the property near established boating and fishing activity. Zoning permits commercial or residential use, subject to city restrictions prohibiting medical marijuana dispensary and adult entertainment uses.

Key Highlights

• 10,352‑square‑foot metal building on three level lots totaling approximately 9,324 square feet
• Corner at WV Route 14 and Dodge Ave with approximately 148 feet of road frontage
• Steps from the Williamstown public boat ramp and Ohio River access

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

$53,255

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

8.52%

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%

$1,065,100 $1.1M

Cap Rate 7%

$760,786 $760.8K

Cap Rate 9%

$591,722 $591.7K

Market Conditions

NOI Build-Up for 10,352 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

$68.3K $6.60/SF

− Vacancy

−$5.7K −$0.55/SF

EGI

$62.7K $6.05/SF

− OpEx

−$9.4K −$0.91/SF

NOI

$53.3K $5.14/SF

Area

Wood County, WV

Vacancy

8.30%

Lease Rate

$6.60 /SF/Yr

Expense Ratio

15.00%

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%

$1,065,100

Cap Rate 7%

$760,786

Cap Rate 9%

$591,722

Alternative Uses

Best Use

Warehouse

$760.8K

$665.7K – $887.6K (±1% cap)

NOI $53,255 @ 7.0% cap · market cap 8.52%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.85M

$2.50M – $3.33M (±1% cap)

NOI $199,752 @ 7.0% cap · market cap 31.96%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Al-Cott Marine Services (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Locksmith Plumbing Service Furniture & Home Goods 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.

Lease Details

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

366

Businesses Nearby

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 marinas 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?

Marina - Corner commercial property near the Ohio River public boat ramp, with connected electrical service and commercial or residential zoning.

Where is this marina located?

The property is located at 200 Dodge Ave Williamstown, WV.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: 10,352‑square‑foot metal building on three level lots totaling approximately 9,324 square feet; Corner at WV Route 14 and Dodge Ave with approximately 148 feet of road frontage; Steps from the Williamstown public boat ramp and Ohio River access