Mixed-Use Building with
For Sale
Contact for pricing
1099 Division St, Parkersburg, WV 26101
Structurally sound building in great location, needs cosmetic work.
Property Size5,500 SF
Price / SF$90
Days on Market799
Property Features for 1099 Division St
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Retail, Mixed Use, Land
Zoning
Commercial
Lease Type
NNN
Building Details
Year Built
1960
Listing Agency:
American MArietta
Listed By:
Bryan Waller · License #OHIO
Source:
Crexi
Added: Aug 20, 2024
Changed: Oct 25
Last Checked: Oct 26 at 3:53PM
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 American MArietta
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use building is located in a great location and offers various possibilities for commercial real estate ventures. The structure is described as solid, though it requires cosmetic and mechanical improvements. The property encompasses a total size of 5500 square feet. This property is available for sale or lease.
Key Highlights
- Great Location
- Structurally Solid
- Lots of Possibilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,814
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,280
$616.3K
Cap Rate 7%
$440,200
$440.2K
Cap Rate 9%
$342,378
$342.4K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$54.8K $9.96/SF
− Vacancy
−$5.5K −$1.00/SF
EGI
$49.3K $8.96/SF
− OpEx
−$18.5K −$3.36/SF
NOI
$30.8K $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%
$616,280
Cap Rate 7%
$440,200
Cap Rate 9%
$342,378
Alternative Uses
Best Use
Office B
$1.10M
$965.3K – $1.29M
NOI $77,220 @ 7.0% cap · market cap 15.60%
Second Best
Retail
$758.7K
$663.9K – $885.2K
NOI $53,112 @ 7.0% cap · market cap 10.73%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,128 @ 7.0% cap · market cap 21.44%
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
378
Businesses Nearby
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Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Structurally sound building in great location, needs cosmetic work.
Where is this mixed-use property located?
The property is located at 1099 Division St Parkersburg, WV.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Great Location; Structurally Solid; Lots of Possibilities
