Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1255 Gihon Rd, Unit 12A Parkersburg, WV 26101-9653
    Property profile & analytics

    1255 Gihon Rd, Unit 12A Parkersburg, WV 26101-9653

    View on Map
    • Retail space
    • 1.06 lot acres
    Off-Market
    Last Sale Apr 9, 2021
    $30,000
    Property ID
    US94-0042083
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Verdant Creations / (Bike/Boat/Book/etc) Store

    Property Details for 1255 Gihon Rd

    Lot size
    1.06 lot acres
    Property type
    Retail space
    APN
    54-08- 60-00I6.0000
    APU
    54086000I60000

    Description

    This exceptional commercial property, located at 1255 Gihon Road in Parkersburg, West Virginia, presents a unique investment opportunity. Situated on a generous 5.47-acre lot just outside the city limits, this property offers significant advantages, including the absence of B&O taxes. The main structure is a well-maintained Quonset hut boasting approximately 4,000 square feet of finished interior space. The building features built-in security enhancements, including a wall safe, providing peace of mind for any business operation. Its convenient location on Gihon Road in South Parkersburg ensures excellent visibility and accessibility. The property's ample acreage offers considerable expansion potential or the possibility of developing additional structures. The current owner is open to considering lease options, making this a versatile property suitable for a variety of commercial uses. This is a rare opportunity to acquire a substantial commercial building with significant land in a desirable location. The combination of size, location, and features makes this property an attractive investment for discerning buyers seeking a strong return. Serious inquiries are encouraged to explore the possibilities this property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Parkersburg
    County
    Wood
    State
    West Virginia
    Longitude
    -81.5762
    Latitude
    39.2542
    CBSA code
    37620
    CBSA name
    PARKERSBURG-MARIETTA-VIENNA, WV-OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,321
    $14,340
    $83,220
    $97,560
    -
    $23,900
    $138,700
    $162,600

    Comparable in this City

    • Value Estimation by Request
      5,500 SF

      1099 Division St

      Individual retail properties • 5,500 SF
      1099 Division St, Parkersburg, WV 26101
      View Details
    • Value Estimation by Request
      2.90 Acres

      Rte 14

      RETAIL STORES (PERSONAL SERVICES) • 2.90 Acres
      Rte 14, Parkersburg, WV 26101
      View Details
    • Value Estimation by Request
      0.09 Acres

      Grn St

      RETAIL STORES (PERSONAL SERVICES) • 0.09 Acres
      Grn St, Parkersburg, WV 26101
      View Details
    • Value Estimation by Request
      0.14 Acres

      613 Pike St

      RETAIL STORES (PERSONAL SERVICES) • 0.14 Acres
      613 Pike St, Parkersburg, WV 26101-5709
      View Details
    • Value Estimation by Request
      0.04 Acres

      2300 Camden Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.04 Acres
      2300 Camden Ave, Parkersburg, WV 26101-5611
      View Details
    • Value Estimation by Request
      0.19 Acres

      3105 Camden Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.19 Acres
      3105 Camden Ave, Parkersburg, WV 26101-5745
      View Details

    Similar Nearby for Sale

    • $1,250,000

      Thriving Aquarium and Pet Store

      Established aquarium/pet store with rental income in Parkersburg, WV.
      2006 Camden Ave, Parkersburg, WV 26101
      View Details
    • $575,000
      50,550 SF

      Downtown Parkersburg Multi-Story Commercial Building

      Five-story commercial building with parking in downtown Parkersburg.
      214 7Th St, Parkersburg, WV 26101
      View Details
    • Contact for pricing
      5,500 SF

      Mixed-Use Building with Potential

      Structurally sound building in great location, needs cosmetic work.
      1099 Division St, Parkersburg, WV 26101
      View Details
    • $149,000
      4,320 SF

      Former Auto Shop For Sale

      4320 sq ft building with two overhead doors.
      810 16Th St, Parkersburg, WV 26101
      View Details
    • $199,900

      Versatile Commercial Property with Garage

      Mixed-use property with garage, excellent traffic, and vast parking.
      906 Lubeck Ave, Parkersburg, WV 26101
      View Details
    • $169,900
      Pending

      Parkersburg Retail Property for Sale

      Retail property available on Dudley Avenue, Parkersburg, WV.
      2410 Dudley Ave, Parkersburg, WV 26101
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Spaces Near Major Anchors

      Strip mall retail spaces available near Super Wal-Mart.
      2838 Pike St, Parkersburg, WV 26101
      View Details
    • Contact for pricing
      143,301 SF

      Retail Property in Parkersburg, WV

      Retail property available for lease in Parkersburg, West Virginia.
      Park Center Dr, Parkersburg, WV 26101
      View Details
    • $395,000
      5,000 SF

      5,000 SF Warehouse Built 2022

      5,000 SF warehouse on almost one acre, built 2022.
      2508 Keever St, Parkersburg, WV 26101
      View Details
    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.
    1255 Gihon Rd, Unit 12A
    Parkersburg, WV 26101-9653
    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
    1255 Gihon Rd, Parkersburg, WV, 26101
    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!