Two-Story Office Building with
45 Professional Place, Bridgeport, WV 26330
For Sale
Contact for pricing
The property includes dedicated parking and 3,114 square feet of vacant office area.
Property Size22,174 SF
Price / SF$224.61
Days on Market28
Property Features for 45 Professional Place
General Information
Standard status
Size
Class
Elevators
Property subtype
Additional Details
Highway Access
Property Use
Building Details
Year Built
Buildings
Stories
Building Size
Listing Agency:
Black Diamond Realty
Listed By:
David Lorenze, CCIM, SIOR, Principal & Associate Broker · License #WV0025501
Source:
Crexi
Added: Oct 13
Changed: Nov 8
Last Checked: Nov 8 at 3:30PM
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 Black Diamond Realty
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Investment Insights
Based on property information with market context.
Built in 2009, this two-story office property contains approximately 22,174 (+/-) square feet, including about 20,035 (+/-) square feet of usable area. Elevator service and dedicated parking are among its building features, and 3,114 square feet is vacant. The asset is identified as a Class A office property.
Situated in White Oaks Business Park in Bridgeport, the building offers access to I-79 and Route 279 within the North Central West Virginia business corridor.
Situated in White Oaks Business Park in Bridgeport, the building offers access to I-79 and Route 279 within the North Central West Virginia business corridor.
Key Highlights
- Approximately 22,174 (+/-) square feet in the building, with 20,035 (+/-) square feet of usable area
- 3,114 square feet of vacant office space
- Two‑story building constructed in 2009
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,604
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,912,080
$2.9M
Cap Rate 7%
$2,080,057
$2.1M
Cap Rate 9%
$1,617,822
$1.6M
Market Conditions
NOI Build-Up for 20,035 SF
Gross rent
$228.4K $11.40/SF
− Vacancy
−$34.3K −$1.71/SF
EGI
$194.1K $9.69/SF
− OpEx
−$48.5K −$2.42/SF
NOI
$145.6K $7.27/SF
Area
Harrison County, WV
Vacancy
15.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,912,080
Cap Rate 7%
$2,080,057
Cap Rate 9%
$1,617,822
Alternative Uses
Best Use
Office B
$2.08M
$1.82M – $2.43M
NOI $145,604 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.96M
$3.47M – $4.62M
NOI $277,490 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
Explore this area
Business Placement
Demographics for 26330, WV
15,887
Population
6,912
Households
2.3
Avg Household Size
43
Median Age
45%
College-Educated
95%
High-School Grad
70.7 sq mi
ZIP Area
225
Density / Sq Mi
$86,843
Median Household Income
$53,328
Median Earnings
$1,101
Median Rent
$260,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The property includes dedicated parking and 3,114 square feet of vacant office area.
Where is this office building located?
The property is located at 45 Professional Place Bridgeport, WV.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Approximately 22,174 (+/-) square feet in the building, with 20,035 (+/-) square feet of usable area; 3,114 square feet of vacant office space; Two‑story building constructed in 2009
