Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land Opportunity Title is generated by Realmo AI

    806 24th St, Parkersburg, WV 26101

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land for sale in high-traffic Parkersburg corridor.

    Type:Special Purpose
    Lot size:
    0.20 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    66
    Last Refresh:
    Mar 19 at 10:56 pm

    Property Features for 806 24th St

    General Information

    Standard status
    Active
    Lot size
    0.20 Acres
    Property subtype
    Special Purpose

    We can help!

    Listing Contact
    Betsy Asbury-Parsons
    Betsy Asbury-Parsons

    Listing agent Betsy Asbury-Parsons License #WV 230302633

    Listing office Coldwell Banker Commercial Select Properties

    Listing date Mar 12, 2026

    Source Crexi

    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

    • Prime commercial development opportunity in a high‑traffic location.
    • Located directly behind CVS Pharmacy and across from McDonald’s.
    • Excellent visibility and accessibility due to its location in a major retail corridor.
    • Two parcels totaling approximately 0.20 acres.
    • Positioned near the Parkersburg Toll Bridge.
    • Ideal for businesses, investors, or neighboring commercial users seeking additional land.

    Overview

    This commercial land offers a prime development opportunity in a high-traffic corridor of Parkersburg. The property is located behind a CVS Pharmacy on Murdoch Avenue and directly across the street from a McDonald’s, positioning it within a heavily traveled retail and commercial hub. Situated near the Parkersburg Toll Bridge, the site benefits from excellent visibility and accessibility. The property consists of two parcels totaling approximately 0.20 acres, suitable for commercial development, expansion, or investment. Its strategic location near major national retailers and restaurants ensures consistent traffic flow. This location is highly desirable for future commercial use due to its proximity to existing national brands and one of the primary entrances into Parkersburg.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Parkersburg
    County
    Wood
    State
    West Virginia
    Longitude
    -81.5494692
    Latitude
    39.2824154

    Nearby Similar for Sale

    • $189,900

      Classic Tudor Style Commercial Property

      Commercial property with high potential in a high-traffic area.
      4319 Emerson Avenue, Parkersburg, WV 26104
      View Details
    • $144,990
      1,800 SF

      Unique Downtown Live/Work Opportunity

      Exceptional mixed-use property in downtown Parkersburg with rooftop access.
      225 7th St, Parkersburg, WV 26101
      View Details
    • $144,990
      1,500 SF

      Downtown Parkersburg Live/Work Opportunity

      Unique mixed-use property in downtown Parkersburg with rooftop access.
      225 7th St, Parkersburg, WV 26101
      View Details
    • $280,000
      11,400 SF

      Commercial Buildings in Parkersburg, WV

      Three attached commercial buildings with open space and overhead doors.
      605 Homeland Avenue, Parkersburg, WV 26101
      View Details
    • $485,000
      18,360 SF

      Versatile Office Complex Near I-77

      Multilevel office building suitable for various business or rehab facility.
      12905 Emerson Avenue Parkersburg, WV 26104
      View Details
    • $1,550,000

      36 Acres Commercial Land Available

      Commercial property with flat land, houses, and mobile homes.
      Elizabeth Pike, Parkersburg, WV 26101
      View Details
    • $59,000

      Commercial Land on Dudley Avenue

      Commercial land available on Dudley Ave with high traffic count.
      2906 Dudley Avenue, Parkersburg, WV 26101
      View Details
    • $184,000

      Commercial Lot in Parkersburg, WV

      Commercial lot for sale on 7th Street in Parkersburg.
      1015 7th Street, Parkersburg, WV 26101
      View Details
    • $224,900
      3,960 SF

      Office Building Near Interstate

      Office building with potential for dual occupancy and rental income.
      2 Fergueson Drive, Parkersburg, WV 26101
      View Details
    • $149,000
      4,320 SF

      Former Auto Shop For Sale

      4320 sq ft building with two overhead doors.
      810 16th Street, Parkersburg, WV 26101
      View Details
    • $120,000

      Parkersburg Land For Sale

      Four vacant lots suitable for commercial or multi-family residential use.
      2710 Broadway Avenue Extension, Parkersburg, WV 26101
      View Details
    • $1,100,000
      11,800 SF

      Modern Industrial Facility For Sale

      Built in 2019, tenant occupied, ideal for investors.
      514 West Virginia Ave Parkersburg, WV 26101
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land for sale in high-traffic Parkersburg corridor.
    Where is this commercial land located?
    The property is located at 806 24th St Parkersburg, WV.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Prime commercial development opportunity in a high‑traffic location.; Located directly behind CVS Pharmacy and across from McDonald’s.; Excellent visibility and accessibility due to its location in a major retail corridor.
    (304) 422-6000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Betsy Asbury-Parsons
    Betsy Asbury-Parsons
    Real Estate License ID: WV 230302633
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    806 24th St, Parkersburg, WV 26101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!