Property profile

2242 Williams Hwy Williamstown, WV 26187

FOR SALE
Warehouses
Property ID
US94-0990552
16.5 ac lot
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully leased, multi-tenant commercial property located at 2242 Williams Hwy, Williamstown, WV 26187. Boaz Business Park encompasses 31,543 square feet across two single-story buildings situated on a 2.19-acre lot (APN: 54-12-230-00S30000). Built in 1993, this Class C property boasts a diverse mix of eight tenants, achieving 100% occupancy and generating a strong net operating income (NOI) of $201,588, resulting in a compelling 6.95% cap rate. The property's diverse tenant base includes a mix of regional and local businesses, providing stability and consistent rental income. The property is categorized as Industrial, Mixed Use, Office, and Retail, with subtypes including Flex, Storefront, and Warehouse space, making it suitable for a variety of businesses. The lease type is NNN (Net, Net, Net), minimizing landlord responsibilities. This stabilized asset offers a rare chance to acquire a well-maintained, multi-tenant center with a proven track record of success, built and managed by the same owners for over 30 years. The asking price for this prime investment property is $2,899,000.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Lot 16.5 ac (718,740 SF)
APN 54-12- 230-00S3.0000
UPID US94-0990552

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Health Care Service
  • Home Health Care Service
  • Home Health Care Service
  • Home Health Care Service
  • Home Health Care Service

Location

2242 Williams Hwy Williamstown, WV 26187
Williamstown metro Census 10101 PARKERSBURG-MARIETTA-VIENNA, WV-OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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