Modern Industrial Facility For
514 West Virginia Ave, Parkersburg, WV 26101
Built in 2019, tenant occupied, ideal for investors.
Type:Industrial
Property size:
11,800 SFPrice / SF:
$93/SF- Added:
- Mar 5, 2026
- Days on Market:
- 72
- Last Refresh:
- Apr 5 at 8:41 pm
Property Features for 514 West Virginia Ave
General Information
- Standard status
- Active
- Size
- 11,800 SF
- Property subtype
- Industrial
Listing agent Betsy Asbury-Parsons License #230302633
Listing office Coldwell Banker Commercial Select Properties (304) 422-6000
Listing date Mar 5, 2026
Source Cbcworldwide
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 Coldwell Banker Commercial Select Properties
HighLights
- Income‑producing property with existing tenant paying $5,000/month and interested in remaining.
- Modern (built 2019) industrial facility in M‑1 Light Manufacturing District.
- Approximately 11,800 sq. ft. building with 14’ ceiling height and LED lighting.
- Excellent access with seven overhead doors (six are 10’ x 12’ electric‑operated).
- Fire suppression system with 159 water sprinklers.
- Low‑maintenance construction: metal exterior walls and roof, epoxy‑coated concrete floors.
Overview
This modern industrial facility, constructed in 2019, is located within an M-1 Light Manufacturing District, situated across six parcels. The building, measuring 80 feet by 147.5 feet, provides approximately 11,800 square feet of space. It features a concrete foundation, metal exterior walls and roof, and double-pane insulated vinyl windows. The interior includes epoxy-coated concrete floors, a 14-foot ceiling height, and LED lighting throughout. A ceiling fire suppression system is installed, equipped with 159 water sprinklers. Office areas have painted drywall walls and are heated by gas-fired forced air, with central air conditioning. The warehouse space is heated by four Modine gas-fired ceiling-hung heaters. Access is facilitated by seven overhead doors, including one 8-foot by 8-foot metal door and six 10-foot by 12-foot electric-operated metal doors. The property includes one restroom with a wall-hung sink, water closet, and an instantaneous water heater. Currently, the property presents an income-producing opportunity with an existing tenant paying $5,000 per month, who is responsible for all utilities and interested in remaining. This property is suitable for investors or owner-users looking for a modern, low-maintenance industrial asset.
Financial Insights
Value Estimation Calculated for Warehouse
Conservative
$674.5K
NOI $60,704 @ 9.00% cap · cautious / downside scenario
Moderate
$867.2K
NOI $60,704 @ 7.00% cap · market / base-case scenario
Aggressive
$1.21M
NOI $60,704 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Warehouse
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.9k | $6.60 |
| − Vacancy | −$6.5k | −$0.55 |
| EGI | $71.4k | $6.05 |
| − OpEx | −$10.7k | −$0.91 |
| NOI | $60.7k | $5.14 |
11,800 SF · lease $6.60/SF/yr · vacancy 8.30% · expense 15.00%
Alternative Use Scenarios
Best Use
Warehouse
$867.2K
$758.8K – $1.01M
NOI $60,704 @ 7.0% cap · market cap 5.52%
Second Best
Industrial
$714.2K
$624.9K – $833.2K
NOI $49,991 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$3.25M
$2.85M – $3.79M
NOI $227,693 @ 7.0% cap · market cap 20.70%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Utz Mister Bee
Warehouse & Storage
Location Insight
- Map
- Local Demand
- City
- Parkersburg
- County
- Wood
- State
- West Virginia
- Longitude
- -81.5501
- Latitude
- 39.2934
Nearby Similar for Sale
FAQs
What type of property is this?
Manufacturing property - Built in 2019, tenant occupied, ideal for investors.
Where is this manufacturing property located?
The property is located at 514 West Virginia Ave Parkersburg, WV.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Income‑producing property with existing tenant paying $5,000/month and interested in remaining.; Modern (built 2019) industrial facility in M‑1 Light Manufacturing District.; Approximately **11,800 sq. ft. building with 14’ ceiling height and LED lighting.**
