Auto Shop with Heated Garage
906 Lubeck Avenue, Parkersburg, WV 26101
For Sale
$183,000
Three connected sections include office space, a half bath in two areas, and a rear garage currently leased for vehicle storage.
Property Size2,933 SF
Price / SF$62.39
Days on Market80
Property Features for 906 Lubeck Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Automotive
Service Bays
Automotive Uses
Tenancy & Operations
Tenant in Place
Real Estate Included
Taxes and HOA fees
Annual Taxes
Amenities
office spaces
half bath
overhead heaters
garage doors
water
Mohawk heavy duty lift
Building Details
Buildings
Listing Agency:
RE/MAX Properties of the Valley
(304) 428-8200
Listed By:
Geni B Astorg · License WV #26027
(304) 488-0698
Source:
Kimberlysrealtycorp
Added: Aug 27
Changed: Nov 12
Last Checked: Nov 13 at 9:38AM
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 RE/MAX Properties of the Valley
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Investment Insights
Based on property information with market context.
This auto shop comprises three connected sections. The original 1,209-square-foot area has two offices and a half bath. An attached 28-by-26-foot garage has 10-foot ceilings, two 9-foot-high doors, overhead heating, and a Mohawk heavy-duty lift. The rear section measures 28 by 32 feet and has oversized garage doors, overhead heating, water, and a half bath. The rear garage is leased monthly for car storage. A newer concrete parking area of approximately 4,000 square feet is located at the front. The property is offered as-is, without warranties.
The site is on Lubeck Avenue near Gihon Road, across from access described at the bottom of the Gihon Road exit from Route 95 and Dupont Road. Reported traffic counts are more than 11,000 cars per day on adjacent Dupont Road and more than 6,000 cars per day on Lubeck Avenue and Gihon Road in the vicinity.
The site is on Lubeck Avenue near Gihon Road, across from access described at the bottom of the Gihon Road exit from Route 95 and Dupont Road. Reported traffic counts are more than 11,000 cars per day on adjacent Dupont Road and more than 6,000 cars per day on Lubeck Avenue and Gihon Road in the vicinity.
Key Highlights
- Three connected sections, including a 1,209‑square‑foot office area with two offices and a half bath
- Attached 28‑by‑26‑foot heated garage with 10‑foot ceilings, two 9‑foot‑high doors, and a Mohawk heavy‑duty lift
- Rear 28‑by‑32‑foot heated garage has oversized doors, water, and a half bath; currently leased monthly for car storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,426
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,520
$248.5K
Cap Rate 7%
$177,514
$177.5K
Cap Rate 9%
$138,067
$138.1K
Market Conditions
NOI Build-Up for 2,933 SF
Gross rent
$19.4K $6.60/SF
− Vacancy
−$1.6K −$0.55/SF
EGI
$17.8K $6.05/SF
− OpEx
−$5.3K −$1.82/SF
NOI
$12.4K $4.24/SF
Area
Wood County, WV
Vacancy
8.30%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,520
Cap Rate 7%
$177,514
Cap Rate 9%
$138,067
Alternative Uses
Best Use
Retail
$404.6K
$354.0K – $472.1K
NOI $28,323 @ 7.0% cap · market cap 15.48%
Second Best
Industrial
$177.5K
$155.3K – $207.1K
NOI $12,426 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$808.5K
$707.4K – $943.3K
NOI $56,595 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,047 visits/mo
0.1 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
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- JR’s Automotive Concepts — 1250 Gihon Rd, Parkersburg, WV 26101
- Perrys Alignment — 1105 gihon rd, parkersburg, wv 26101
- JTS AUTO LLC — 1567 Dupont Rd, Parkersburg, WV 26101
- JT'S Auto — 1567 Dupont Rd, Parkersburg, WV 26101
- S & E Diagnostics & Repair — 1521 Dupont Rd #101, Parkersburg, WV 26101
Frequently Asked Questions
What type of property is this?
Auto shop - Three connected sections include office space, a half bath in two areas, and a rear garage currently leased for vehicle storage.
Where is this auto shop located?
The property is located at 906 Lubeck Avenue Parkersburg, WV.
What is the asking price?
The asking price for this property is $183,000.
What are key features of this property?
This property features: Three connected sections, including a 1,209‑square‑foot office area with two offices and a half bath; Attached 28‑by‑26‑foot heated garage with 10‑foot ceilings, two 9‑foot‑high doors, and a Mohawk heavy‑duty lift; Rear 28‑by‑32‑foot heated garage has oversized doors, water, and a half bath; currently leased monthly for car storage
