Two-Building Medical Office
For Sale
$899,000
4315 & 4317 Emerson Avenue, Parkersburg, WV 26104
CommercialSale, Parkersburg, WV
Property Size6,305 SF
Lot Size0.55 Acres
Price / SF$142.59
Days on Market169
Property Features for 4315 & 4317 Emerson Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
Wood-Parkersburg HS
Middle school district
Wood-Parkersburg HS
High school district
Wood-Parkersburg HS
Directions
Emerson Avenue and located right beside Mulberry Lane and across from Piggly Wiggly.
Standard status
Active
APN
05-18-00H10000
Lot size
0.55 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
8334
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Roof type
Asbestos Shingle
Listing Agency:
EXP Realty, LLC.
(877) 477-1901
Listed By:
Lori L Taylor · License #230040233
(304) 482-7624
Added: Mar 30
Changed: Sep 12
Last Checked: Sep 14 at 2:06AM
MLS# 5197420
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 4315 and 4317 Emerson Avenue in Parkersburg, this 0.55-acre commercial property includes two commercially zoned buildings. The approximately 4,505-square-foot primary structure has operated as a physical-medicine facility since 2003, with reception space, 7 treatment rooms, 2 triage rooms, a 1,120-square-foot physical therapy area, accessible public restroom, kitchen, office rooms, built-in shelving, and laundry facilities. A new roof was installed in 2023, and the building has newer south- and west-facing windows, forced-air heating, natural gas, central air, public water, and public sewer.
The approximately 1,800-square-foot secondary building is a two-story structure currently used as a sign shop. Its layout includes a foyer, front room, two central rooms, kitchen area, two upstairs rooms, and a full bathroom requiring flooring and fixture installation. The site occupies a high-traffic corner along Emerson Avenue, 3 miles from I77, with 2022 traffic counts reported at 15,797 cars and 803 trucks daily for this block.
The approximately 1,800-square-foot secondary building is a two-story structure currently used as a sign shop. Its layout includes a foyer, front room, two central rooms, kitchen area, two upstairs rooms, and a full bathroom requiring flooring and fixture installation. The site occupies a high-traffic corner along Emerson Avenue, 3 miles from I77, with 2022 traffic counts reported at 15,797 cars and 803 trucks daily for this block.
Key Highlights
- 0.55‑acre commercial property at 4315 and 4317 Emerson Avenue
- Approximately 4,505 SF medical office building with 7 treatment rooms and 2 triage rooms
- Physical therapy department measures 1,120 SF
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
$75,584
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
8.41%
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%
$1,511,680
$1.5M
Cap Rate 7%
$1,079,771
$1.1M
Cap Rate 9%
$839,822
$839.8K
Market Conditions
NOI Build-Up for 6,305 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
$136.2K $21.60/SF
− Vacancy
−$10.2K −$1.62/SF
EGI
$126.0K $19.98/SF
− OpEx
−$50.4K −$7.99/SF
NOI
$75.6K $11.99/SF
Area
Wood County, WV
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
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%
$1,511,680
Cap Rate 7%
$1,079,771
Cap Rate 9%
$839,822
Alternative Uses
Best Use
Office B
$1.26M
$1.11M – $1.48M
NOI $88,522 @ 7.0% cap · market cap 9.85%
Second Best
Healthcare Medical
$1.08M
$944.8K – $1.26M
NOI $75,584 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,661 @ 7.0% cap · market cap 13.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two commercial structures combine an operating physical-medicine layout with flexible office and service-business configurations.
Where is this medical office space located?
The property is located at 4315 & 4317 Emerson Avenue Parkersburg, WV.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 0.55‑acre commercial property at 4315 and 4317 Emerson Avenue; Approximately 4,505 SF medical office building with 7 treatment rooms and 2 triage rooms; Physical therapy department measures 1,120 SF
