Bridgeport Commercial Building with Owner
For Sale
Contact for pricing
Pending
170 Thompson Dr, Bridgeport, WV 26330
Versatile office space in Bridgeport, suitable for various business needs.
Property Size18,000 SF
Days on Market928
Property Features for 170 Thompson Dr
General Information
Standard status
Pending
Size
18,000 SF
Class
A
Property subtype
Office
Zoning
commercial
Occupancy
15%
Building Details
Year Built
1976
Buildings
1
Stories
2
Units
6
Listing Agency:
Homefinders Plus Real Estate Inc
Listed By:
Francesca Merandi Pollick · License #WV S210301635
(412) 499-1362
Source:
Crexi
Added: Feb 19, 2024
Changed: Aug 31
Last Checked: Sep 2 at 3:22AM
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 Homefinders Plus Real Estate Inc
Investment Insights
Based on property information with market context.
This commercial building, located in Bridgeport, offers approximately 18,000 square feet of office space. The two-story structure features a window exterior that provides natural light and panoramic views. The building has undergone recent exterior renovations, including a new stone facade and parking lot. The interior includes modernized sections ready for immediate use, as well as areas that have been demoed or await renovation, offering opportunities for remodeling or redevelopment. The property is adaptable for businesses seeking turnkey solutions and customizable spaces. The clear span structure is currently 15% leased with two established tenants. Owner financing is available. The property is for sale and/or lease.
Key Highlights
- Owner financing available.
- Prime central location in Bridgeport, minutes from I‑79.
- Approximately 18,000 sq ft of versatile office space.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$130,815
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,616,300
$2.6M
Cap Rate 7%
$1,868,786
$1.9M
Cap Rate 9%
$1,453,500
$1.5M
Market Conditions
NOI Build-Up for 18,000 SF
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.
Gross rent
$205.2K $11.40/SF
− Vacancy
−$30.8K −$1.71/SF
EGI
$174.4K $9.69/SF
− OpEx
−$43.6K −$2.42/SF
NOI
$130.8K $7.27/SF
Area
Harrison County, WV
Vacancy
15.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,616,300
Cap Rate 7%
$1,868,786
Cap Rate 9%
$1,453,500
Alternative Uses
Best Use
Office B
$1.87M
$1.64M – $2.18M
NOI $130,815 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.56M
$3.12M – $4.16M
NOI $249,305 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Explore this area
Business Placement
Demographics for 26330, WV
15,887
Population
6,912
Households
2.3
Avg Household Size
43
Median Age
45%
College-Educated
95%
High-School Grad
70.7 sq mi
ZIP Area
225
Density / Sq Mi
$86,843
Median Household Income
$53,328
Median Earnings
$1,101
Median Rent
$260,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Versatile office space in Bridgeport, suitable for various business needs.
Where is this office building located?
The property is located at 170 Thompson Dr Bridgeport, WV.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Owner financing available.; Prime central location in Bridgeport, minutes from I‑79.; Approximately 18,000 sq ft of versatile office space.
