Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    949 3rd Ave, Unit 51 Huntington, WV 25701-0044
    Back to Search
    Property profile & analytics

    949 3rd Ave, Unit 51 Huntington, WV 25701-0044

    View on Map
    • Office buildings
    • 0.22 lot acres
    Off-Market
    Property ID
    US94-0280252
    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

    • Offutt Nord Pllc: Simpson Brandi K / Law Firm
    • Offutt Simmons Simonton, PLLC / Law Firm / Insurance Agency
    • Saunders Randall L / Law Firm
    • Nelson Mullins Riley & Scarborough LLP / Law Firm
    • Sellards Robert M / Physician

    Property Details for 949 3rd Ave

    Lot size
    0.22 lot acres
    Property type
    Office buildings
    APN
    06-05- 17-0208.0000
    APU
    6051702080000

    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
    Huntington
    County
    Cabell
    State
    West Virginia
    Longitude
    -82.4426
    Latitude
    38.4218
    CBSA code
    26580
    CBSA name
    HUNTINGTON-ASHLAND, WV-KY-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
    $19,648
    $40,980
    $540,540
    $581,520
    -
    $68,300
    $900,900
    $969,200

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      1321 Hal Greer Blvd

      OFFICE BUILDING • 0.11 Acres
      1321 Hal Greer Blvd, Huntington, WV 25701-3803
      View Details
    • Value Estimation by Request
      0.29 Acres

      1415 Hal Greer Blvd

      OFFICE BUILDING • 0.29 Acres
      1415 Hal Greer Blvd, Huntington, WV 25701-4113
      View Details
    • Value Estimation by Request
      7.98 Acres

      Park Ave

      OFFICE BUILDING • 7.98 Acres
      Park Ave, Huntington, WV 25701
      View Details
    • Value Estimation by Request
      0.14 Acres

      1010 6th Ave

      OFFICE BUILDING • 0.14 Acres
      1010 6th Ave, Huntington, WV 25701-2308
      View Details
    • Value Estimation by Request
      0.76 Acres

      611 3rd Ave

      OFFICE BUILDING • 0.76 Acres
      611 3rd Ave, Huntington, WV 25701-1313
      View Details
    • Value Estimation by Request
      2,002 SF

      134 4th Ave

      OFFICE BUILDING • 2,002 SF
      134 4th Ave, Huntington, WV 25701-1220
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,960 SF

      Historic Building Near Courthouse

      Renovated office space in prime Huntington location.
      744-746 4Th Ave, Huntington, WV 25701
      View Details
    • Contact for pricing
      10,620 SF

      Mixed-Use Building in Downtown Huntington

      Office and residential mixed-use building in the central business district.
      522-24 9Th St, Huntington, WV 25701
      View Details
    • $3,249,000
      0.19 Acres

      Renovated Huntington Office Investment Opportunity

      Fully leased, renovated office building in Huntington's vibrant downtown.
      1002 3Rd Ave, Huntington, WV 25701
      View Details
    • $369,000
      36,630 SF

      Historic Huntington Commercial Building For Sale

      Five-story, 36,630 sq ft commercial building in downtown Huntington.
      825 4Th Ave, Huntington, WV 25701
      View Details
    • $84,000
      4,330 SF

      Premier Office Building in Huntington

      Modern office space with strategic location and ample parking.
      3135 16Th Street Rd, Huntington, WV 25701
      View Details
    • $825,000
      6,000 SF

      Downtown Mixed-Use Building For Sale

      Mixed-use building in the central downtown business district.
      522 9Th St, Huntington, WV 25701
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr

      Huntington Office Space For Rent

      Office space near hospitals, university, and downtown Huntington.
      1001 6Th Ave, Huntington, WV 25701
      View Details
    • $37 SF/Yr

      Huntington Office Space For Rent

      Office space for rent near hospitals and Marshall University.
      1001 6Th Ave, Huntington, WV 25701
      View Details
    • $15 SF/Yr
      14,182 SF

      Updated Office Space in Huntington

      Updated office in Huntington's Central Business District, walkable to amenities.
      843 3Rd Ave, Huntington, WV 25701
      View Details
    • Contact for pricing

      Office Space Near Marshall University

      Two office spaces available for lease near Marshall University.
      618 10Th St, Huntington, WV 25701
      View Details
    • $14 SF/Yr
      1,764 SF

      Retail Space in Huntington Plaza

      Retail space available in Huntington, West Virginia shopping center.
      4388 5Th Street Rd, Huntington, WV 25701
      View Details
    • Contact for pricing

      Industrial Sublease with Rail Access

      75,000 SF industrial space available for sublease in Huntington, WV.
      515 W 8Th Ave, Huntington, WV 25701
      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.
    949 3rd Ave, Unit 51
    Huntington, WV 25701-0044
    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
    949 3rd Ave, Huntington, WV, 25701
    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!