Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    124 Thompson Dr Bridgeport, WV 26330
    Property profile & analytics

    124 Thompson Dr Bridgeport, WV 26330

    View on Map
    • Commercial real estate
    • 1,000 SF
    • 0.02 lot acres
    For Sale
    $1,350
    View Listing →
    Bridgeport WV Commercial Property For Sale
    $1,350
    1,000 SF

    Bridgeport WV Commercial Property

    1,000 sq ft Commercial Space, Great Location

    Lake Ridge, WV 26330
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 124 Thompson Dr

    Year built
    1970
    Lot size
    0.02 lot acres
    Property size
    1,000 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 124 Thompson Drive in Bridgeport, West Virginia, presents a fantastic opportunity for a variety of businesses. The property boasts 1,000 square feet of versatile space situated on a conveniently sized 0.02-acre lot. Its prime location in Bridgeport offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a strong presence in a thriving community. The building's interior is ready for immediate occupancy, allowing for a quick and efficient start to operations. The property's size is perfect for smaller businesses or those looking for a cost-effective solution. The asking price of $1350 makes this an attractive investment opportunity. The property's classification as "Other" suggests a flexible use potential, allowing for adaptation to a wide range of commercial ventures. Serious inquiries are encouraged to explore the possibilities this property offers. Its compact size and strategic location combine to create a unique opportunity for entrepreneurs and established businesses alike. Don't miss out on this chance to secure a valuable asset in a desirable West Virginia market. Contact us today to schedule a viewing and discuss your business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Harrison
    State
    West Virginia
    Longitude
    -80.1711
    Latitude
    39.2675

    Comparable in this City

    • Value Estimation by Request
      12.00 Acres

      Platinum Dr

      Land • 12.00 Acres
      0 Platinum Dr, Clarksburg, WV 26330
      View Details
    • Value Estimation by Request
      0.16 Acres

      200 Orch Ave

      COMMERCIAL (GENERAL) • 0.16 Acres
      200 Orch Ave, Bridgeport, WV 26330-2034
      View Details
    • Value Estimation by Request
      18.30 Acres

      Bridgeport, WV 26330

      COMMERCIAL (GENERAL) • 18.30 Acres
      Bridgeport, WV 26330
      View Details
    • Value Estimation by Request
      1.23 Acres

      1684 Andell Rd

      COMMERCIAL (GENERAL) • 1.23 Acres
      1684 Andell Rd, Bridgeport, WV 26330-6726
      View Details
    • Value Estimation by Request
      0.53 Acres

      320 Main St

      COMMERCIAL (GENERAL) • 0.53 Acres
      320 Main St, Bridgeport, WV 26330-1751
      View Details
    • Value Estimation by Request
      0.60 Acres

      Rte 58

      COMMERCIAL (GENERAL) • 0.60 Acres
      Rte 58, Bridgeport, WV 26330
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,000 SF

      Bridgeport WV Commercial Property

      1,000 sq ft Commercial Space, Great Location
      124 Thompson Dr, Bridgeport, WV 26330
      View Details
    • Contact for pricing
      1,500 SF

      Bridgeport WV Commercial Space

      1,500 sq ft commercial space, $2800/month.
      100 Hill St, Bridgeport, WV 26330
      View Details
    • $950,000
      3,600 SF

      Bridgeport WV Commercial Property

      Prime 3,600 sq ft commercial space. Half-acre lot. Great investment opportunity.
      109 Lodgeville Rd, Bridgeport, WV 26330
      View Details
    • $1,500,000
      6.30 Acres

      Bridgeport Commercial Land Opportunity

      Commercial land for development or investment in Bridgeport, West Virginia.
      Tbd Benedum Dr, Bridgeport, WV 26330
      View Details
    • Contact for pricing
      0.36 Acres

      Residential Land in Bridgeport, WV

      Building lot available within Bridgeport city limits.
      26 Lindale St, Bridgeport, WV 26330
      View Details
    • $195,000

      Industrial/Commercial Lot For Sale

      Industrial/Commercial lot in high-traffic location, convenient to I-79.
      6 Hc Industrial Park, Bridgeport, WV 26330
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr

      Bridgeport Office Space For Lease

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

      Class A Office Space Available

      Premier office park with Class A finishes and easy access.
      109 Cambridge Pl, Bridgeport, WV 26330
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office space for lease in White Oaks Business Park.
      45 Professional Pl, Bridgeport, WV 26330
      View Details
    View Listing
    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.
    124 Thompson Dr
    Bridgeport, WV 26330
    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
    124 Thompson Dr, 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!