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3683 Ohio River Rd 5,508 SF Office Building Point Pleasant, WV 25550 $1,315,000 ($238.74/SF) 6.75% Cap Rate

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Investment Highlights

  • Building is near the new Nucor site

Executive Summary

Tenant has vacated the building but is committed through 8/31/28 with 2% rent increases and is NN lease. Owner is responsible for the structure and the parking lot, tenant cover all other expenses. The annual increases are as follows:
9/1/22-8/31/23 is $88,740.00
9/1/23-8/31/24 is $90,514.80
9/1/24-8/31/25 is $92,325.10
9/1/25-8/31/26 is $94,171.60
9/1/26-8/31/27 is $96,055.03
9/1/27-8/31/28 is $97,976.13

Financial Summary (Actual - 2022)

Annual Annual Per SF
Gross Rental Income $88,740 $16.11
Other Income - -
Vacancy Loss - -
Effective Gross Income $88,740 $16.11
Net Operating Income - -

Financial Summary (Actual - 2022)

Gross Rental Income
Annual $88,740
Annual Per SF $16.11
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $88,740
Annual Per SF $16.11
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
5,508 SF
Building Class
B
Year Built
2007
Price
$1,315,000
Price Per SF
$238.74
Cap Rate
6.75%
NOI
$88,740
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,508 SF
Building FAR
0.10
Lot Size
1.21 AC
Zoning
C
Parking
39 Spaces (7.08 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Security System
  • Central Heating
  • Plug & Play
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Health Care and Social Assistance
  • 5,508 SF
  • $15.03
  • Triple Net
  • Aug 2028

DaVita Kidney Care is a U.S.-based healthcare company focused on providing dialysis and related kidney care services. The organization traces its origins to 1979, when it was founded as Medical Ambulatory Care, later operating as Total Renal Care before adopting the DaVita name in 2000. Headquartered in Denver, Colorado, the company delivers in-center and home dialysis services, as well as integrated care programs that support patients across multiple stages of kidney disease. DaVita is publicly traded on the New York Stock Exchange under the ticker symbol DVA. Over time, the company has expanded its service offerings through acquisitions and operational growth, including the 2005 acquisition of Gambro Healthcare, which significantly increased its U.S. dialysis footprint. DaVita also operates clinical research, physician services, and international kidney care businesses as part of its broader platform. In addition to outpatient dialysis, the company provides acute inpatient dialysis services through hospital partnerships. Today, DaVita remains one of the largest providers of kidney care services in the United States, with operations supported by centralized corporate offices and regional facilities nationwide.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Health Care and Social Assistance 5,508 SF $15.03 Triple Net Aug 2028

Property Taxes

Property Taxes

Parcel Number
14 22200010009
Land Assessment
$59,460 (2025)
Improvements Assessment
$298,560 (2025)
Total Assessment
$358,020 (2025)
  • Listing ID: 27079689

  • Date on Market: 11/9/2022

  • Last Updated:

  • Address: 3683 Ohio River Rd, Point Pleasant, WV 25550

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