Mixed-Use Building with
1099 Division St Parkersburg, WV 26101
For Sale
Contact for pricing
Structurally sound building in great location, needs cosmetic work.
Property Size5,500 SF
Price / SF$77.27
Days on Market709
Property Features for 1099 Division St
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Industrial, Mixed Use, Office, Retail
Building Details
Year Built
1960
Listing Agency:
American MArietta
Listed By:
Bryan Waller · License #OHIO
Source:
Crexi
Added: Aug 20, 2024
Changed: Jul 10
Last Checked: Jul 28 at 2:26PM
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
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 For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.8k | $9.96 |
| − Vacancy | −$5.5k | −$1.00 |
| EGI | $49.3k | $8.96 |
| − OpEx | −$18.5k | −$3.36 |
| NOI | $30.8k | $5.60 |
5,500 SF · lease $9.96/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$1.10M
$965.3K – $1.29M
NOI $77,220 @ 7.0% cap · market cap 18.17%
Second Best
Retail
$758.7K
$663.9K – $885.2K
NOI $53,112 @ 7.0% cap · market cap 12.50%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,128 @ 7.0% cap · market cap 24.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
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 $425,000.
What are key features of this property?
This property features: Great Location; Structurally Solid; Lots of Possibilities
