Leased Mixed-Use Investment
2242 Williams Hwy Williamstown, WV 26187
2242 Williams Hwy, Williamstown, WV, 26187
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For Sale
Contact for pricing
Fully leased mixed-use center with strong rental history.
Property Size31,543 SF
Price / SF$91.91
Days on Market618
Property Features for 2242 Williams Hwy
General Information
- Standard status
- Active
- Size
- 31,543 SF
- Property subtype
- Industrial, Mixed Use, Office, Retail
Building Details
- Year Built
- 1993
Listing Agency
PMC Realty services
(304) 588-2253
Listed by
Cale Conley · License #WVS210301357
Source
Crexi
Added: Nov 7, 2024 Checked: Jul 17 at 4:10 am
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.
Boaz Business Park in Williamstown, WV, presents an investment opportunity. This stabilized asset is a 31,543 square foot multi-tenant mixed-use center located on Williams Highway. The property is 100% leased and consists of eight tenants with a strong rental history.
Key Highlights
- 100% Leased: Provides immediate and consistent income stream.
- Stabilized Asset: Demonstrates a history of reliable performance and occupancy.
- Approximately 7% ROI: Offers a strong return on investment.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $314.2k | $9.96 |
| − Vacancy | −$31.4k | −$1.00 |
| EGI | $282.8k | $8.96 |
| − OpEx | −$106.0k | −$3.36 |
| NOI | $176.7k | $5.60 |
31,543 SF · lease $9.96/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$6.33M
$5.54M – $7.38M
NOI $442,864 @ 7.0% cap · market cap 15.28%
Second Best
Retail
$4.35M
$3.81M – $5.08M
NOI $304,599 @ 7.0% cap · market cap 10.51%
Theoretical Best
Office A
$8.70M
$7.61M – $10.14M
NOI $608,654 @ 7.0% cap · market cap 21.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Carrie Derenberger
Home Health Care Service
Crystal Kingry
Home Health Care Service
Mary Gibbs
Home Health Care Service
Robert Ault
Home Health Care Service
Deborah Anderson
Home Health Care Service
FAQs
What type of property is this?
Mixed-use property - Fully leased mixed-use center with strong rental history.
Where is this mixed-use property located?
The property is located at 2242 Williams Hwy Williamstown, WV.
What is the asking price?
The asking price for this property is $2,899,000.
What are key features of this property?
This property features: 100% Leased: Provides immediate and consistent income stream.; Stabilized Asset: Demonstrates a history of reliable performance and occupancy.; Approximately 7% ROI: Offers a strong return on investment.
