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    868 National Rd Wheeling, WV 26003

    Sponsored
    For Sale
    $1,055,000

    High-Cap Rate Auto Shop Investment

    Property size:
    8,758 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents an 8,758 square foot auto shop located at 868 National Road, Wheeling, West Virginia, 26003. The property sits on a 0.33-acre lot with excellent visibility due to its National Road frontage and convenient access directly off Interstate 70. Currently operating under a Net Lease agreement with a national tenant, the lease expires November 30, 2028, providing a remaining term of approximately four years. The property boasts a strong Net Operating Income (NOI) of $73,926, resulting in an attractive 7.00% capitalization rate. The asking price is $1,055,000. This is an absolute NNN lease, minimizing landlord responsibilities. The high barriers to entry for similar developments in this location further enhance the investment's long-term value and stability. This is a rare opportunity to acquire a well-positioned, income-producing asset with a strong tenant and a desirable cap rate in a strategic location. The property's high visibility and convenient access to major transportation routes make it an ideal investment for discerning buyers seeking a stable, long-term return. This is a turnkey investment opportunity with minimal management requirements.

    Property Features for 868 National Rd

    General Information

    Property type
    Automotive properties
    Square Feet
    8,758 SF
    Lot Size
    14,375 SF

    HighLights

    • 8,758 SF auto shop on 0.33‑acre lot at 868 National Road, Wheeling, WV 26003.
    • Excellent visibility & I‑70 access.
    • NNN lease with national tenant expiring 11/30/2028 (approx. 4 years remaining).
    • $73,926 NOI, 7.00% cap rate, $1,055,000 asking price.
    • High barriers to entry for similar developments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheeling
    County
    Ohio
    State
    West Virginia
    Longitude
    -80.694523074263
    Latitude
    40.076867940656

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    FAQs

    What type of property is this?
    Automotive property - High-Cap Rate Auto Shop Investment
    Where is this automotive property located?
    The property is located at 868 National Rd Wheeling, WV.
    What is the asking price?
    The asking price for this property is $1,055,000.
    What are key features of this property?
    This property features: 8,758 SF auto shop on 0.33-acre lot at 868 National Road, Wheeling, WV 26003.; Excellent visibility & I-70 access.; NNN lease with national tenant expiring 11/30/2028 (approx. 4 years remaining).
    (304) 232-5411
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    868 National Rd Wheeling, WV 26003
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    Wheeling, WV 26003
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    Realmo Value Estimation

    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.

    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.

    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
    868 National Rd Wheeling, WV 26003
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