Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Class A Office Space Available Title is generated by Realmo AI

    45 Professional Pl, Bridgeport, WV 26330

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Class A office space for lease in White Oaks Business Park.

    Type:Office
    Property size:
    3,114 SF
    Lot size:
    2.57 Acres
    Added:
    Dec 11, 2020
    Days on Market:
    2000
    Last Refresh:
    May 12 at 8:52 pm

    Property Features for 45 Professional Pl

    General Information

    Standard status
    Active
    Size
    3,114 SF
    Lot size
    2.57 Acres
    Property subtype
    Office

    Building Details

    Year Built
    2015

    Spaces For Lease

    at 45 Professional Pl Contact us

    Suite 103 $14/Mo

    Size
    3,114 SF
    Type
    Office
    Located within Phase 1 of White Oaks Business Park, 45 Professional Place (Progress...
    show more
    Contact us

    We can help!

    Listing Contact
    David Lorenze, CCIM, SIOR, Principal & Associate Broker
    David Lorenze, CCIM, SIOR, Principal & Associate Broker

    Listing agent David Lorenze, CCIM, SIOR, Principal & Associate Broker License #WV0025501

    Listing office Black Diamond Realty

    Listing date Dec 11, 2020

    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 Black Diamond Realty

    HighLights

    • Class A office space offering +/- 3,114 sq ft
    • Located in the desirable White Oaks Business Park
    • Ample parking available for both employees and clients
    • Conveniently located with easy access to many amenities
    • High visibility location with signage opportunities
    • Green spaces and outdoor areas for a refreshing work environment

    Overview

    Located within Phase 1 of White Oaks Business Park, 45 Professional Place (Progress Centre One) offers 3,114 square feet of Class A office space available for lease on the first floor. Situated on 2.57 acres, the available suite (103) includes a reception area, a large open office/work room, a conference room, and a storage closet. Ample parking is available for both employees and clients. The property is conveniently located near many amenities inside and outside of White Oaks Business Park. Signage is available in front of the building. White Oaks Business Park balances the needs of workers and visitors with green spaces and outdoor areas. The location offers road and interstate visibility, with traffic averaging 57,200 vehicles per day via I-79 and 16,795 vehicles per day via Route 279.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Spa & Massage Center Hair Salon Big Box & Wholesale Store Dental Office Food Market Storage Facility Grocery & Convenience Store Accounting Firm (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Harrison
    State
    West Virginia
    Longitude
    -80.236507
    Latitude
    39.3340458

    Nearby Similar for Lease

    • Contact for pricing
      8,000 SF

      Premium Office Space Near I-79

      8000 sq ft office space for lease near I-79.
      170 Thompson Drive, Bridgeport, WV 26330
      View Details
    • $15 SF/Yr
      3,000 SF

      Class A Office Space Available

      Premier office park with Class A finishes and easy access.
      109 Cambridge Pl, Bridgeport, WV 26330
      View Details
    • $17 SF/Yr
      5,814 SF

      Bridgeport Office Space For Lease

      Two-story building with open office space available for lease.
      11 Chenoweth Dr, Bridgeport, WV 26330
      View Details

    FAQs

    What type of property is this?
    Office units - Class A office space for lease in White Oaks Business Park.
    Where is this office units located?
    The property is located at 45 Professional Pl Bridgeport, WV.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Class A office space offering +/- 3,114 sq ft; Located in the desirable White Oaks Business Park; Ample parking available for both employees and clients
    (304) 413-4350 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing David Lorenze, CCIM, SIOR, Principal & Associate Broker
    David Lorenze, CCIM, SIOR, Principal & Associate Broker
    Real Estate License ID: WV0025501
    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
    45 Professional Pl, Bridgeport, WV 26330
    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!