Mixed-Use Building with
For Sale
$299,000
2000 Dudley Avenue, Parkersburg, WV 26101
Two leased apartments accompany flexible ground-floor commercial suites.
Property Size6,200 SF
Price / SF$48.23
Days on Market305
Property Features for 2000 Dudley Avenue
General Information
Standard status
Active
Size
6,200 SF
Total Parking Spaces
9
Property subtype
Commercial
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$750
Taxes and HOA fees
Annual Taxes
$4,691
Building Details
Building Size
6,200 SF
Year Built
1930
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
PMC Realty Services
(304) 580-6074
Listed By:
Garett Smith · License #220302129
(304) 580-6074
Source:
Carolgoffrealestate
Added: Oct 30, 2025
Changed: Aug 29
Last Checked: Aug 29 at 5:03PM
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 PMC Realty Services
Investment Insights
Based on property information with market context.
Built in 1930, this 6,200-square-foot mixed-use building combines residential income with ground-floor commercial space. The upper level contains two 1,300-square-foot apartments, each configured with two bedrooms and one bathroom; both are fully leased. Two 1,100-square-foot spaces occupy the first floor and are suitable for retail or office use. The commercial suites are currently available and were previously used by a dentist.
The property is positioned across from Parkersburg High School and records a daily vehicle traffic count of 9,500. Its combination of occupied apartments and vacant commercial space creates a straightforward mixed-use configuration for an owner seeking both residential and business components.
The property is positioned across from Parkersburg High School and records a daily vehicle traffic count of 9,500. Its combination of occupied apartments and vacant commercial space creates a straightforward mixed-use configuration for an owner seeking both residential and business components.
Key Highlights
- 6,200 SF mixed‑use building constructed in 1930
- Two 1,300‑square‑foot apartments, each with 2 bedrooms and 1 bathroom
- Both upper‑level apartments are fully rented
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
$25,298
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
8.46%
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%
$505,960
$506.0K
Cap Rate 7%
$361,400
$361.4K
Cap Rate 9%
$281,089
$281.1K
Market Conditions
NOI Build-Up for 6,200 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
$49.1K $7.92/SF
− Vacancy
−$3.1K −$0.50/SF
EGI
$46.0K $7.42/SF
− OpEx
−$20.7K −$3.34/SF
NOI
$25.3K $4.08/SF
Area
Wood County, WV
Vacancy
6.33%
Lease Rate
$7.92 /SF/Yr
Expense Ratio
45.00%
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%
$505,960
Cap Rate 7%
$361,400
Cap Rate 9%
$281,089
Alternative Uses
Best Use
Office B
$1.24M
$1.09M – $1.45M
NOI $87,048 @ 7.0% cap · market cap 29.11%
Second Best
Retail
$855.3K
$748.4K – $997.9K
NOI $59,871 @ 7.0% cap · market cap 20.02%
Theoretical Best
Office A
$1.71M
$1.50M – $1.99M
NOI $119,635 @ 7.0% cap · market cap 40.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Explore this area
Business Placement
Demographics for 26101, WV
28,337
Population
14,134
Households
2
Avg Household Size
41
Median Age
16%
College-Educated
84%
High-School Grad
30.8 sq mi
ZIP Area
920
Density / Sq Mi
$45,556
Median Household Income
$31,511
Median Earnings
$759
Median Rent
$107,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two leased apartments accompany flexible ground-floor commercial suites.
Where is this mixed-use property located?
The property is located at 2000 Dudley Avenue Parkersburg, WV.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 6,200 SF mixed‑use building constructed in 1930; Two 1,300‑square‑foot apartments, each with 2 bedrooms and 1 bathroom; Both upper‑level apartments are fully rented
