Flex Space with Rear
For Sale
$180,000
Pending
3206 Dudley Ave, Parkersburg, WV 26104
Flex space offers an open layout with a blank-canvas interior and a bonus rear lot for expansion or outdoor use.
Property Size2,340 SF
Days on Market187
Property Features for 3206 Dudley Ave
General Information
Standard status
Pending
Size
2,340 SF
Taxes and HOA fees
Annual Taxes
$1,634
Listing Agency:
Coldwell Banker Commercial Select Properties
(304) 481-0016
Listed By:
James A Joseph · License #230040229
(304) 481-0016
Source:
Exprealty
Added: Feb 17
Changed: Aug 23
Last Checked: Aug 14 at 7:50AM
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 Coldwell Banker Commercial Select Properties
Investment Insights
Based on property information with market context.
This flex space totals 2,340 square feet and features an open layout designed to support a wide range of business uses. The interior is presented as a blank canvas, allowing tenants to adapt the space for their specific concept and build-out needs.
The property is positioned for daily foot and vehicle traffic, with ample accessibility intended to support customers, deliveries, and staff. In addition, a bonus rear lot provides added space that may be used for parking, outdoor seating, storage, or future expansion.
Overall, the combination of an open, adaptable interior and supplemental rear-area makes the property well suited for users looking for flexibility in how they configure and operate their space.
The property is positioned for daily foot and vehicle traffic, with ample accessibility intended to support customers, deliveries, and staff. In addition, a bonus rear lot provides added space that may be used for parking, outdoor seating, storage, or future expansion.
Overall, the combination of an open, adaptable interior and supplemental rear-area makes the property well suited for users looking for flexibility in how they configure and operate their space.
Key Highlights
- 2,340 SF open‑layout flex space with a blank‑canvas interior
- Open floor plan suited for retail, office, café, boutique fitness, or a creative studio
- Bonus rear lot provides additional space for parking, outdoor seating, storage, or future expansion
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
$9,914
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
5.51%
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%
$198,280
$198.3K
Cap Rate 7%
$141,629
$141.6K
Cap Rate 9%
$110,156
$110.2K
Market Conditions
NOI Build-Up for 2,340 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
$15.4K $6.60/SF
− Vacancy
−$1.3K −$0.55/SF
EGI
$14.2K $6.05/SF
− OpEx
−$4.2K −$1.82/SF
NOI
$9.9K $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 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%
$198,280
Cap Rate 7%
$141,629
Cap Rate 9%
$110,156
Alternative Uses
Best Use
Retail
$322.8K
$282.5K – $376.6K
NOI $22,597 @ 7.0% cap · market cap 12.55%
Second Best
Flex RnD
$286.9K
$251.1K – $334.8K
NOI $20,085 @ 7.0% cap · market cap 11.16%
Theoretical Best
Office A
$645.0K
$564.4K – $752.6K
NOI $45,153 @ 7.0% cap · market cap 25.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 26104, WV
16,763
Population
8,351
Households
2
Avg Household Size
44
Median Age
25%
College-Educated
92%
High-School Grad
37.0 sq mi
ZIP Area
453
Density / Sq Mi
$51,695
Median Household Income
$40,262
Median Earnings
$720
Median Rent
$164,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space offers an open layout with a blank-canvas interior and a bonus rear lot for expansion or outdoor use.
Where is this flex space located?
The property is located at 3206 Dudley Ave Parkersburg, WV.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: 2,340 SF open‑layout flex space with a blank‑canvas interior; Open floor plan suited for retail, office, café, boutique fitness, or a creative studio; Bonus rear lot provides additional space for parking, outdoor seating, storage, or future expansion
