Leased Mixed-Use Investment
For Sale
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2242 Williams Hwy, Williamstown, WV 26187
Fully leased mixed-use center with strong rental history.
Property Size31,543 SF
Price / SF$91.91
Days on Market709
Property Features for 2242 Williams Hwy
General Information
Standard status
Active
Size
31,543 SF
Class
C
Property subtype
Industrial, Mixed Use, Office, Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$201,588
Building Details
Year Built
1993
Buildings
2
Stories
1
Tenancy
Multi
Listing Agency:
PMC Realty services
Listed By:
Cale Conley · License #WVS210301357
(304) 485-8000
Source:
Crexi
Added: Nov 7, 2024
Changed: Oct 3
Last Checked: Oct 16 at 6:35AM
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 PMC Realty services
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Investment Insights
Based on property information with market context.
Boaz Business Park in Williamstown, WV, presents an investment opportunity. This stabilized asset is a 31,543 square foot multi-tenant mixed-use center located on Williams Highway. The property is 100% leased and consists of eight tenants with a strong rental history.
Key Highlights
- 100% Leased: Provides immediate and consistent income stream.
- Stabilized Asset: Demonstrates a history of reliable performance and occupancy.
- Approximately 7% ROI: Offers a strong return on investment.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$176,720
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,534,400
$3.5M
Cap Rate 7%
$2,524,571
$2.5M
Cap Rate 9%
$1,963,556
$2.0M
Market Conditions
NOI Build-Up for 31,543 SF
Gross rent
$314.2K $9.96/SF
− Vacancy
−$31.4K −$1.00/SF
EGI
$282.8K $8.96/SF
− OpEx
−$106.0K −$3.36/SF
NOI
$176.7K $5.60/SF
Area
Wood County, WV
Vacancy
10.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,534,400
Cap Rate 7%
$2,524,571
Cap Rate 9%
$1,963,556
Alternative Uses
Best Use
Office B
$6.33M
$5.54M – $7.38M
NOI $442,864 @ 7.0% cap · market cap 15.28%
Second Best
Retail
$4.35M
$3.81M – $5.08M
NOI $304,599 @ 7.0% cap · market cap 10.51%
Theoretical Best
Office A
$8.70M
$7.61M – $10.14M
NOI $608,654 @ 7.0% cap · market cap 21.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 26187, WV
6,209
Population
2,921
Households
2.1
Avg Household Size
45
Median Age
35%
College-Educated
96%
High-School Grad
21.5 sq mi
ZIP Area
289
Density / Sq Mi
$80,714
Median Household Income
$44,571
Median Earnings
$865
Median Rent
$183,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased mixed-use center with strong rental history.
Where is this mixed-use property located?
The property is located at 2242 Williams Hwy Williamstown, WV.
What is the asking price?
The asking price for this property is $2,899,000.
What are key features of this property?
This property features: 100% Leased: Provides immediate and consistent income stream.; Stabilized Asset: Demonstrates a history of reliable performance and occupancy.; Approximately 7% ROI: Offers a strong return on investment.
