Flex Space with Detached
For Sale
$350,000
4540 Emerson Avenue, Parkersburg, WV 26104
Open commercial space with a commercial kitchen, on-site parking, and adaptable interior configuration.
Property Size4,392 SF
Lot Size1.00 Acre
Price / SF$79.69
Days on Market513
Property Features for 4540 Emerson Avenue
General Information
Standard status
Active
Size
4,392 SF
Lot size
1.00 Acre
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$2,909
Amenities
commercial kitchen
Building Details
Year Built
1975
Buildings
2
Listing Agency:
PMC Realty Services
(304) 580-6074
Listed By:
Garett Smith · License #220302129
(304) 580-6074
Source:
Exitrealty
Added: Apr 5, 2025
Changed: Aug 30
Last Checked: Aug 30 at 8:07AM
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 PMC Realty Services
Investment Insights
Based on property information with market context.
This flex property provides 4,392 square feet of commercial space on 1 acre in Parkersburg, West Virginia. The interior features an open plan and a commercial kitchen, with a prior bar-and-grill operation establishing a food-service component. An 890-square-foot detached garage adds separate storage capacity and may support additional rental use.
The property also includes on-site parking and is available for sale or lease. Built in 1975, the building offers a broad commercial footprint that can accommodate the range of business applications identified for the site, including fitness, coffee, daycare, and restaurant uses.
The property also includes on-site parking and is available for sale or lease. Built in 1975, the building offers a broad commercial footprint that can accommodate the range of business applications identified for the site, including fitness, coffee, daycare, and restaurant uses.
Key Highlights
- 4,392 square feet of commercial flex space on 1 acre
- 890‑square‑foot detached garage for storage or potential rental use
- Commercial kitchen supports food‑service applications
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
$18,607
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
5.32%
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%
$372,140
$372.1K
Cap Rate 7%
$265,814
$265.8K
Cap Rate 9%
$206,744
$206.7K
Market Conditions
NOI Build-Up for 4,392 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
$29.0K $6.60/SF
− Vacancy
−$2.4K −$0.55/SF
EGI
$26.6K $6.05/SF
− OpEx
−$8.0K −$1.82/SF
NOI
$18.6K $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%
$372,140
Cap Rate 7%
$265,814
Cap Rate 9%
$206,744
Alternative Uses
Best Use
Specialty Retail
$825.0K
$721.9K – $962.5K
NOI $57,750 @ 7.0% cap · market cap 16.50%
Second Best
Flex RnD
$538.5K
$471.2K – $628.3K
NOI $37,697 @ 7.0% cap · market cap 10.77%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,748 @ 7.0% cap · market cap 24.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
301
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 - Open commercial space with a commercial kitchen, on-site parking, and adaptable interior configuration.
Where is this flex space located?
The property is located at 4540 Emerson Avenue Parkersburg, WV.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 4,392 square feet of commercial flex space on 1 acre; 890‑square‑foot detached garage for storage or potential rental use; Commercial kitchen supports food‑service applications
