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    953 National Rd Wheeling, WV 26003-6440

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    953 National Rd Wheeling, WV 26003-6440

    View on Map
    • Strip malls
    • 12,789 SF
    • 0.90 lot acres
    Off-Market
    Property ID
    US94-0398681
    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
    $1,160,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 953 National Rd

    Year built
    1988
    Lot size
    0.90 lot acres
    Property size
    12,789 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    35-10- W39-0129.0000
    APU
    3510W3901290000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,225,000
      INDUSTRIAL (GENERAL)
      $1,180,000
      AUTO REPAIR, GARAGE
      $1,080,000
      COMMERCIAL (GENERAL)
      $975,000
      WAREHOUSE, STORAGE
      $815,000
      MEDICAL BUILDING
      $710,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheeling
    County
    Ohio
    State
    West Virginia
    Longitude
    -80.6908
    Latitude
    40.0782
    CBSA code
    48540
    CBSA name
    WHEELING, 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
    2023
    $11,096
    $147,660
    $225,540
    $373,200
    -
    $246,100
    $375,900
    $622,000

    Comparable in this City

    • Value Estimation
      $5,715,000
      67,328 SF

      47 Washington Ave

      SHOPPING CENTER, STRIP CENTER • 67,328 SF
      47 Washington Ave, Wheeling, WV 26003-6240
      View Details
    • Value Estimation
      $710,000
      7,436 SF

      984 National Rd

      SHOPPING CENTER, STRIP CENTER • 7,436 SF
      984 National Rd, Wheeling, WV 26003
      View Details
    • Value Estimation
      $1,330,000
      14,923 SF

      1021 National Rd

      SHOPPING CENTER, STRIP CENTER • 14,923 SF
      1021 National Rd, Wheeling, WV 26003-5779
      View Details
    • Value Estimation by Request
      0.30 Acres

      Bethlehem Blvd

      SHOPPING CENTER, STRIP CENTER • 0.30 Acres
      Bethlehem Blvd, Wheeling, WV 26003
      View Details
    • Value Estimation by Request
      4,094 SF

      Ee Cv Ave

      SHOPPING CENTER, STRIP CENTER • 4,094 SF
      Ee Cv Ave, Wheeling, WV 26003
      View Details
    • Value Estimation
      $1,245,000
      13,860 SF

      Ee Cv Ave

      SHOPPING CENTER, STRIP CENTER • 13,860 SF
      Ee Cv Ave, Wheeling, WV 26003
      View Details

    Similar Nearby for Sale

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      0.30 Acres

      Established Flower Shop For Sale

      Historic flower shop in Wheeling, WV, with loyal customer base.
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    • $1,350,000
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      Wheeling Commercial Investment Opportunity

      Well-maintained commercial building with rental income and vacancy in Wheeling.
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    • $175,000
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      Wheeling, WV Car Wash Business

      Car wash with automatic and self-serve bays for sale.
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    • $1,400,000
      0.48 Acres

      Wheeling WV Real Estate Investment

      Fully leased commercial property with recent updates and parking.
      2108 Lumber Avenue Ext, Wheeling, WV 26003
      View Details
    • Contact for pricing
      3,520 SF

      Well-Maintained Commercial Building on National Road

      Turnkey investment opportunity with long-term tenants near I-70/470.
      4235 National Rd, Wheeling, WV 26003
      View Details
    • $175,000
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      Established Car Wash Business Opportunity

      Well-established car wash with self-serve bays in Wheeling, WV.
      2 NORTH River Rd, Wheeling, WV 26003
      View Details

    Similar Nearby for Lease

    • $900 /Mo
      3,049 SF

      Wheeling Retail/Office Space for Lease

      Highly visible commercial space suitable for retail, office, or services.
      2194 National Rd, Wheeling, WV 26003
      View Details
    • Contact for pricing

      Retail/Restaurant Space in Historic Redevelopment

      Retail/restaurant space in downtown Wheeling, historic redevelopment opportunity.
      1425 Market St, Wheeling, WV 26003
      View Details
    • Contact for pricing

      Downtown Wheeling Opportunity Awaits

      Join the revitalization of Downtown Wheeling with new developments.
      1320 Market St, Wheeling, WV 26003
      View Details
    • $2,500 /Mo
      3,920 SF

      Versatile Office/Retail Space in Wheeling

      Adaptable commercial space suitable for office, medical, or retail use.
      2179 National Rd, Wheeling, WV 26003
      View Details
    • Contact for pricing

      Wheeling Warehouse with Office Space

      67,000 SF building with warehouse and office space for lease.
      170 N 17Th St, Wheeling, WV 26003
      View Details
    • Contact for pricing

      Historic Wheeling Office Space Available

      Restored office building with dental office space and other suites.
      2100 Market St, Wheeling, WV 26003
      View Details
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    953 National Rd
    Wheeling, WV 26003-6440
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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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