Medical Office Property with Multiple
4315 Emerson Ave, Parkersburg, WV 26104
For Sale
$949,000
The property includes several structures, with the primary building occupied by a medical-related business.
Property Size4,504 SF
Price / SF$210.70
Days on Market8
Property Features for 4315 Emerson Ave
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Property Use
Building Details
Year Built
Buildings
Listing Agency:
Berkshire Hathaway HomeServices Professional Realty
Listed By:
Steven M Shaver · License #2023002263
(304) 482-7500
Source:
Greaterclevelandhomesforsale
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 6 at 7:41AM
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 Berkshire Hathaway HomeServices Professional Realty
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Investment Insights
Based on property information with market context.
A medical office property on nearly 1 acre, with a primary building currently occupied by a medical-related business. Three additional structures measure approximately 1,947, 1,800, and 1,160 square feet. A roof replacement was completed in 2023, along with other improvements.
Located at 4315 Emerson Ave in Parkersburg, the property is less than 3 miles from I-77.
Located at 4315 Emerson Ave in Parkersburg, the property is less than 3 miles from I-77.
Key Highlights
- Three additional structures measure approximately 1,947, 1,800, and 1,160 square feet
- Primary building is occupied by a medical‑related business
- Nearly 1 acre of property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,236
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,264,720
$1.3M
Cap Rate 7%
$903,371
$903.4K
Cap Rate 9%
$702,622
$702.6K
Market Conditions
NOI Build-Up for 4,504 SF
Gross rent
$108.1K $24.00/SF
− Vacancy
−$23.8K −$5.28/SF
EGI
$84.3K $18.72/SF
− OpEx
−$21.1K −$4.68/SF
NOI
$63.2K $14.04/SF
Area
Wood County, WV
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,264,720
Cap Rate 7%
$903,371
Cap Rate 9%
$702,622
Alternative Uses
Best Use
Office B
$903.4K
$790.5K – $1.05M
NOI $63,236 @ 7.0% cap · market cap 6.66%
Second Best
Healthcare Medical
$771.3K
$674.9K – $899.9K
NOI $53,994 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,909 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
494
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The property includes several structures, with the primary building occupied by a medical-related business.
Where is this medical office space located?
The property is located at 4315 Emerson Ave Parkersburg, WV.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Three additional structures measure approximately 1,947, 1,800, and 1,160 square feet; Primary building is occupied by a medical‑related business; Nearly 1 acre of property
