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    102 29Th St Parkersburg, WV 26101

    • Land
    • 60.00 lot acres
    For Sale
    View listing
    $1,800,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 102 29Th St

    Lot size
    60.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    Exceptional 60-acre commercial and industrial land opportunity in Parkersburg, West Virginia, is now available for $1,800,000. This prime location boasts unparalleled access to the Ohio River and CSX Main Line rail, offering significant logistical advantages for various businesses. The property, situated at 102 29th St, Wood County, WV 26101, comprises four parcels totaling approximately 46 usable acres (60 gross acres). The majority of the land is level and grassy, easily adaptable to diverse development projects. Convenient access is provided via 29th Street, and remnants of two internal roads are still visible. Essential utilities—water, gas, electricity, and sewer—are readily available on-site. The property is protected by a floodwall, offering peace of mind and security. The seller is open to subdividing the acreage at a price of $40,000 per acre. Phase 1 and Phase 2 environmental assessments are complete. This presents a unique chance to acquire a substantial, well-located parcel with excellent infrastructure and accessibility. Contact us today to explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Parkersburg
    County
    Wood
    State
    West Virginia
    Longitude
    -81.5554
    Latitude
    39.2938

    Comparable in this City

    • Value Estimation by Request
      4.08 Acres

      100 29Th St

      Distribution properties • 4.08 Acres
      100 29Th St, Parkersburg, WV 26101
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      35.00 Acres

      Elizabeth Pike @ Edendale - Rawson Property

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      0.22 Acres

      2242 Dupont Rd

      Land • 2,400 SF
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      800 Division Street Ext

      Land
      800 Division Street Ext, Parkersburg, WV 26101
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      4,534 SF

      Spring St

      Land • 4,534 SF
      0 Spring St, Parkersburg, WV 26101
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    • Value Estimation by Request
      7,356 SF

      Covert St

      Land • 7,356 SF
      0 Covert St, Parkersburg, WV 26101
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    Similar Nearby for Sale

    • $1,800,000
      60.00 Acres

      Parkersburg Industrial Land Investment

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    • $395,000
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      Prime Parkersburg Commercial Land

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      Prime Parkersburg Gas Station & Storefront

      High-traffic location, 5,500 sq ft, vacant.
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      Prime Parkersburg Commercial Land

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    • Contact for pricing

      Parkersburg Land: Two Wooded Lots

      Prime Wood County land, two lots, $25,000.
      0 Meadow Dr, Parkersburg, WV 26101
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    102 29Th St
    Parkersburg, WV 26101
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    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
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