Fully Occupied Parkersburg Shopping
For Sale
Contact for pricing
4000 Murdoch Ave, Parkersburg, WV 26105
Fully occupied shopping center available for sale in Parkersburg, WV.
Property Size75,344 SF
Price / SF$111.95
Days on Market159
Property Features for 4000 Murdoch Ave
General Information
Standard status
Active
Size
75,344 SF
Property subtype
Retail
Occupancy
100%
Net Operating Income
$759,165
Listing Agency:
Century Realty
(304) 232-5411
Listed By:
Adam Weidner · License #WV WV0029822
Source:
Crexi
Added: Mar 16
Changed: Aug 13
Last Checked: Aug 19 at 5:36AM
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 Century Realty
Investment Insights
Based on property information with market context.
This fully occupied shopping center is available for sale. The property is located in Parkersburg, WV. The property has a size of 75344 square feet.
Key Highlights
- Fully occupied
- Shipping center
- Parkersburg, WV
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
$727,570
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
8.63%
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%
$14,551,400
$14.6M
Cap Rate 7%
$10,393,857
$10.4M
Cap Rate 9%
$8,084,111
$8.1M
Market Conditions
NOI Build-Up for 75,344 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
$1.08M $14.40/SF
− Vacancy
−$45.6K −$0.60/SF
EGI
$1.04M $13.80/SF
− OpEx
−$311.8K −$4.14/SF
NOI
$727.6K $9.66/SF
Area
Wood County, WV
Vacancy
4.20%
Lease Rate
$14.40 /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%
$14,551,400
Cap Rate 7%
$10,393,857
Cap Rate 9%
$8,084,111
Alternative Uses
Best Use
Retail
$10.39M
$9.09M – $12.13M
NOI $727,570 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.77M
$18.17M – $24.23M
NOI $1,453,838 @ 7.0% cap · market cap 17.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
779
Businesses Nearby
702k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 30%
Dining 29%
Superstores 21%
Shops & Services 11%
Walmart
Superstores
125,637 visits/mo
0.5 miles
JCPenney
Apparel
53,137 visits/mo
0.4 miles
Chick-fil-A
Dining
51,449 visits/mo
0.2 miles
T.J. Maxx
Apparel
50,205 visits/mo
0.4 miles
Dunham's Sports
Apparel
49,054 visits/mo
0.4 miles
Demographics for 26105, WV
12,247
Population
5,861
Households
2.1
Avg Household Size
45
Median Age
31%
College-Educated
97%
High-School Grad
11.9 sq mi
ZIP Area
1,029
Density / Sq Mi
$65,549
Median Household Income
$40,233
Median Earnings
$859
Median Rent
$162,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Lakeview Shopping Center — 100 Lakeview, Center St, Parkersburg, WV 26101
- Grand Central Plaza — 4000-4040 Murdoch Ave, Parkersburg, WV 26102
- Grand Central Mall — 100 Grand Central Mall, Vienna, WV 26105
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied shopping center available for sale in Parkersburg, WV.
Where is this shopping center located?
The property is located at 4000 Murdoch Ave Parkersburg, WV.
What is the asking price?
The asking price for this property is $8,435,000.
What are key features of this property?
This property features: Fully occupied; Shipping center; Parkersburg, WV
