Three-Story
22nd Main Street, Wheeling, WV 26003
For Sale
$195,000
Commercial zoning and an included lot offer flexibility alongside the warehouse building.
Property Size4,059 SF
Price / SF$48.04
Days on Market13
Property Features for 22nd Main Street
General Information
Standard status
Size
Total Parking Spaces
Zoning
Warehouse & Industrial
Dock-High Doors
Drive-In Doors
Amenities
true
false
Square Feet
City
Overhead Door(s) Description (4)
14244.12
50
123x33
0.327
Block
4059
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Paull Associates
(304) 233-3303
Listed By:
Salesperson Staci Spry
Source:
Karenullomrealty
Added: Oct 26
Changed: Nov 7
Last Checked: Nov 7 at 3:02PM
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 Paull Associates
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 4,059-square-foot warehouse has three floors, three dock doors, and an overhead garage door. An additional small outbuilding is included, and the property is zoned Commercial. The building dates to 1947 and previously served as the Marx Toy Warehouse.
The parcel beside the building is included and has been arranged for a 50-car parking area. Utilities are not currently on.
The parcel beside the building is included and has been arranged for a 50-car parking area. Utilities are not currently on.
Key Highlights
- 4,059‑square‑foot warehouse built in 1947
- Three floors with 3 dock doors and an overhead garage door
- Adjacent lot included, configured for a 50‑car parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,945
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,900
$318.9K
Cap Rate 7%
$227,786
$227.8K
Cap Rate 9%
$177,167
$177.2K
Market Conditions
NOI Build-Up for 4,059 SF
Gross rent
$20.5K $5.04/SF
− Vacancy
−$1.7K −$0.42/SF
EGI
$18.8K $4.62/SF
− OpEx
−$2.8K −$0.69/SF
NOI
$15.9K $3.93/SF
Area
Ohio County, WV
Vacancy
8.30%
Lease Rate
$5.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,900
Cap Rate 7%
$227,786
Cap Rate 9%
$177,167
Alternative Uses
Best Use
Warehouse
$227.8K
$199.3K – $265.8K
NOI $15,945 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$24.60M
$21.52M – $28.70M
NOI $1,721,871 @ 7.0% cap · market cap 883.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 26003, WV
40,591
Population
20,853
Households
1.9
Avg Household Size
45
Median Age
33%
College-Educated
94%
High-School Grad
91.1 sq mi
ZIP Area
446
Density / Sq Mi
$58,625
Median Household Income
$39,042
Median Earnings
$823
Median Rent
$164,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- superior storage — 6 Bank St, Wheeling, WV 26003
- Ez Mini Storage — N Lincoln Ave, Bridgeport, OH 43912
- River Road Mini Storage — Wheeling, WV 26003
Frequently Asked Questions
What type of property is this?
Warehouse - Commercial zoning and an included lot offer flexibility alongside the warehouse building.
Where is this warehouse located?
The property is located at 22nd Main Street Wheeling, WV.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 4,059‑square‑foot warehouse built in 1947; Three floors with 3 dock doors and an overhead garage door; Adjacent lot included, configured for a 50‑car parking area
