Auto Service and Repair
For Sale
$999,000
705 7th Street, Parkersburg, WV 26101
Three auto-industry buildings with multiple overhead garage doors and one currently leased garage on 7th Street frontage.
Property Size7,200 SF
Price / SF$138.75
Days on Market300
Property Features for 705 7th Street
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$5,432
Amenities
Central Air, Gas
3
Parking.
Garage, Gravel, Driveway, Heated Garage, On Site, Asphalt, Alley Entrance, Lot.
Overhead Doors.
Building Details
Year Built
1996
Listing Agency:
Berkshire Hathaway HomeServices Professional Realty
(304) 428-7653
Listed By:
Steven Shaver · License #29911
(304) 482-7500
Source:
Xome
Added: Nov 8, 2025
Changed: Sep 1
Last Checked: Sep 4 at 3:01AM
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 Berkshire Hathaway HomeServices Professional Realty
Investment Insights
Based on property information with market context.
This for-sale automotive property includes three buildings totaling 7,200 square feet, previously used in the auto industry. The site features multiple overhead garage doors across the buildings, including a 3,600-square-foot building with five overhead garage doors, a separate 2,400-square-foot building with two overhead garage doors, and a 1,200-square-foot garage with one overhead garage door. The property also includes a 1 BR, 1 bath apartment within the 2,400-square-foot building. The 1,200-square-foot garage is currently leased and is producing income.
The property is located in downtown Parkersburg with 655 feet of frontage on 7th Street. The offering consists of 21 parcels listed as 05-81-01410000 through 05-81-01150000 and additional parcel numbers in the same series.
Overall, the configuration is well-suited to automotive-related operations, with dedicated garage space and an on-site apartment integrated into one of the buildings.
The property is located in downtown Parkersburg with 655 feet of frontage on 7th Street. The offering consists of 21 parcels listed as 05-81-01410000 through 05-81-01150000 and additional parcel numbers in the same series.
Overall, the configuration is well-suited to automotive-related operations, with dedicated garage space and an on-site apartment integrated into one of the buildings.
Key Highlights
- Just under 2 acres with 655 ft of 7th Street frontage in downtown Parkersburg
- Three auto‑industry buildings with overhead garage doors, plus one 1 BR 1 bath apartment
- Total building/garage sizes include 3,600 SF (5 overhead doors), 2,400 SF (2 overhead doors), and 1,200 SF (1 overhead door)
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
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 - Three auto-industry buildings with multiple overhead garage doors and one currently leased garage on 7th Street frontage.
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: Just under 2 acres with 655 ft of 7th Street frontage in downtown Parkersburg; Three auto‑industry buildings with overhead garage doors, plus one 1 BR 1 bath apartment; Total building/garage sizes include 3,600 SF (5 overhead doors), 2,400 SF (2 overhead doors), and 1,200 SF (1 overhead door)
