Auto Shop Complex with Garage
For Sale
$999,000
705 7th Street, Parkersburg, WV 26101
CommercialSale, Parkersburg, WV
Property Size7,200 SF
Lot Size2.00 Acres
Price / SF$138.75
Days on Market139
Property Features for 705 7th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Driveway, Garage, Alley, Parking Lot, Open
Fencing
Fenced, Privacy
Elementary school district
Wood-Parkersburg HS
Middle school district
Wood-Parkersburg HS
High school district
Wood-Parkersburg HS
Directions
7th street between Louis Thomas Subaru and the NAPA Store.
Standard status
Active
APN
05-81-01410000
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5432
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Space Heater, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
Overhead garage doors
1 BR 1 bath apartment
Building Details
Year built
1996
Listing Agency:
Berkshire Hathaway HomeServices Professional Realty
(304) 428-7653
Listed By:
Steven M Shaver · License #29911
(304) 482-7500
Added: Apr 6
Changed: Aug 20
Last Checked: Aug 22 at 7:06PM
MLS# 5198553
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.
This automotive property at 705 7th Street includes three buildings totaling 7,200 square feet of described garage and building area. The improvements include a 3,600-square-foot building with five overhead doors, a 2,400-square-foot building with two overhead doors, and a 1,200-square-foot garage with one overhead door. A one-bedroom, one-bath apartment is also identified in the property information. The 1,200-square-foot garage is leased and generating income.
The site provides 655 feet of 7th Street frontage and includes driveway, garage, alley, parking lot, and open parking features. Grounds are fenced with privacy fencing. Public water and public sewer serve the property, while heating includes forced air, space heat, and natural gas; central air is also present. The property comprises 21 parcels and was built in 1996.
The site provides 655 feet of 7th Street frontage and includes driveway, garage, alley, parking lot, and open parking features. Grounds are fenced with privacy fencing. Public water and public sewer serve the property, while heating includes forced air, space heat, and natural gas; central air is also present. The property comprises 21 parcels and was built in 1996.
Key Highlights
- Three automotive‑use buildings with 7,200 square feet of described garage and building area
- 3,600‑square‑foot building with 5 overhead garage doors
- 2,400‑square‑foot building with 2 overhead garage doors
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
$69,528
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
6.96%
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%
$1,390,560
$1.4M
Cap Rate 7%
$993,257
$993.3K
Cap Rate 9%
$772,533
$772.5K
Market Conditions
NOI Build-Up for 7,200 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
$103.7K $14.40/SF
− Vacancy
−$4.4K −$0.60/SF
EGI
$99.3K $13.80/SF
− OpEx
−$29.8K −$4.14/SF
NOI
$69.5K $9.66/SF
Area
Wood County, WV
Vacancy
4.20%
Lease Rate
$14.40 /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%
$1,390,560
Cap Rate 7%
$993,257
Cap Rate 9%
$772,533
Alternative Uses
Best Use
Retail
$993.3K
$869.1K – $1.16M
NOI $69,528 @ 7.0% cap · market cap 6.96%
Second Best
Industrial
$435.8K
$381.3K – $508.4K
NOI $30,503 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$1.98M
$1.74M – $2.32M
NOI $138,931 @ 7.0% cap · market cap 13.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
878
Businesses Nearby
50k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Dining 22%
Hotels & Casinos 4%
Sheetz
Shops & Services
26,564 visits/mo
0.3 miles
KFC
Dining
7,113 visits/mo
0.1 miles
Dollar General
Shops & Services
4,736 visits/mo
0.1 miles
Truist
Shops & Services
4,651 visits/mo
0.4 miles
SUBWAY
Dining
2,601 visits/mo
0.0 miles
Demographics for 26101, WV
28,337
Population
14,134
Households
2
Avg Household Size
41
Median Age
16%
College-Educated
84%
High-School Grad
30.8 sq mi
ZIP Area
920
Density / Sq Mi
$45,556
Median Household Income
$31,511
Median Earnings
$759
Median Rent
$107,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Multi-building automotive property with fenced grounds, public utilities, and an operating leased garage component.
Where is this auto shop located?
The property is located at 705 7th Street Parkersburg, WV.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Three automotive‑use buildings with 7,200 square feet of described garage and building area; 3,600‑square‑foot building with 5 overhead garage doors; 2,400‑square‑foot building with 2 overhead garage doors
