Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1025 Main St Wheeling, WV 26003

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Ten-story office building, 86,000 sq ft, Wheeling, WV.

    Property size:
    86,000 SF

    Property Features for 1025 Main St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    86,000 SF

    Building Details

    Stories
    10

    We can help!

    Listing Contact
    Adam Weidner
    Adam Weidner

    Listing Agent: Adam Weidner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    The Mull Center, located at 1025 Main St, Wheeling, WV 26003, presents a compelling value-add investment or owner-user opportunity. This ten-story, 86,000 square foot traditional office building offers significant potential for redevelopment or repositioning. Currently, the property generates income from existing tenants. The building boasts scenic views of the Ohio River and the Wheeling downtown area, adding to its appeal. Internal features include two passenger elevators and one freight elevator, facilitating efficient movement of people and goods. The seller is motivated to achieve a quick sale, presenting a unique opportunity for investors and owner-occupiers alike. This property is situated in Ohio County, West Virginia, providing access to a range of amenities and services. The building's substantial size and prime location make it an attractive prospect for those seeking a significant commercial real estate investment or a substantial space for their own operations. The existing income stream provides a solid foundation for future growth and development. This is a rare chance to acquire a substantial property in a desirable location with significant upside potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm 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
    Wheeling
    County
    Ohio
    State
    West Virginia
    Longitude
    -80.7246034
    Latitude
    40.0697659

    Nearby Similar for Sale

    • Contact for pricing
      54,720 SF

      Wheeling Office Building For Sale

      54,720 SF office building available in Wheeling, WV.
      45 20 St, Wheeling, WV
      View Details
    • $15,600,000
      2.40 Acres

      Wheeling, WV Apartment Portfolio

      89-Unit Multifamily Investment
      551 Van Meter Way, Wheeling, WV 26003
      View Details
    • $2,000,000
      55,335 SF

      Centre Foundry: Wheeling, WV

      Historic Industrial Complex: 15 Acres, 55,335 SF
      74 Warwood Ave, Wheeling, WV 26003
      View Details
    • Contact for pricing
      54,720 SF

      Wheeling Executive Office Building

      Downtown Wheeling Office Space - 54,720 SF
      45 20 St, Wheeling, WV 26003
      View Details
    • $1,055,000
      8,758 SF

      Wheeling Auto Shop - Net Lease

      High-Cap Rate Auto Shop Investment
      868 National Rd, Wheeling, WV 26003
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Ten-story office building, 86,000 sq ft, Wheeling, WV.
    Where is this office property / space located?
    The property is located at 1025 Main St Wheeling, WV.
    What are key features of this property?
    This property features: Value-add office investment or owner-user opportunity with existing income.; 86,000 square foot, 10-story traditional office building.; Located at 1025 Main St, Wheeling, WV 26003, offering scenic Ohio River and downtown views.
    (304) 232-5411 Call to check price and availability
    Request Owner's contact information
    1025 Main St Wheeling, WV 26003
    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.
    1025 Main St
    Wheeling, WV 26003
    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
    1025 Main St Wheeling, WV 26003
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Adam Weidner
    Adam Weidner
    Real Estate License ID: RSR002117
    (304) 232-5411 (410) 627-5419 (412) 235-7233
    Learn more
    Google sign-in failed. Please try again or use another login method.