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2014 Dudley Ave 7,167 SF Office Building Parkersburg, WV 26101 $1,420,690 ($198.23/SF) 7.25% Cap Rate
Investment Highlights
- Very strong, national tenant, with high likelihood of lease renewal
- Tastefully renovated to provide a modern look and feel
- Prominent, neighborhood location adjacent to Wood County's largest high school
Executive Summary
A wonderfully updated, professional/medical office building in the heart of North End of Parkersburg (across from Parkersburg High School) with a strong, national tenant with hundreds of locations across the United States. This asset is perfectly suited for the real estate investor looking for a low maintenance, strong cap rate, strong credit/tenant opportunity, with significant future upside tied to a possible lease renewal in 2029.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$123,600
|
$17.25
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$123,600
|
$17.25
|
| Taxes |
$10,064
|
$1.40
|
| Operating Expenses |
$10,536
|
$1.47
|
| Total Expenses |
$20,600
|
$2.87
|
| Net Operating Income |
$103,000
|
$14.37
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $123,600 |
| Annual Per SF | $17.25 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $123,600 |
| Annual Per SF | $17.25 |
| Taxes | |
|---|---|
| Annual | $10,064 |
| Annual Per SF | $1.40 |
| Operating Expenses | |
|---|---|
| Annual | $10,536 |
| Annual Per SF | $1.47 |
| Total Expenses | |
|---|---|
| Annual | $20,600 |
| Annual Per SF | $2.87 |
| Net Operating Income | |
|---|---|
| Annual | $103,000 |
| Annual Per SF | $14.37 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
7,167 SF
Building Class
A
Year Built
1965
Price
$1,420,690
Price Per SF
$198.23
Cap Rate
7.25%
NOI
$103,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,167 SF
Building FAR
0.26
Lot Size
0.64 AC
Zoning
B-2 - Business
Parking
30 Spaces (4.19 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
- -
MyEyeDr. began in 2001 with a goal of combining comprehensive eye care and eyewear in one place. The company provides eye exams, optometry services, eyewear, contact lens offerings, and insurance-friendly patient care through a network of vision care centers across the United States. MyEyeDr. built its model around localized service from community doctors, paired with a broad selection of glasses and brands for different budgets and lifestyles. The business continues to focus on vision health and retail eyewear as its core verticals while serving patients through a wide national footprint.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 05-62-02270000 | Total Assessment | $266,460 |
| Land Assessment | $58,140 | Annual Taxes | $10,064 ($1.40/SF) |
| Improvements Assessment | $208,320 | Tax Year | 2025 |
Property Taxes
Parcel Number
05-62-02270000
Land Assessment
$58,140
Improvements Assessment
$208,320
Total Assessment
$266,460
Annual Taxes
$10,064 ($1.40/SF)
Tax Year
2025
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Contact the Sale Advisor
2014 Dudley Ave