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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
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
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
Founded in 1993, DaVita has grown into a kidney care company focused on dialysis services, kidney health education, and support for people living with chronic kidney disease and end-stage kidney disease. The company's core business includes in-center and home dialysis, related laboratory services, and management and administrative services for outpatient dialysis centers. DaVita also works across the broader kidney care journey through patient support, treatment options guidance, and education programs, while maintaining operations in the United States and internationally through a wide network of care sites.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 5,508 SF | $15.03 | Triple Net | Aug 2028 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 14 22200010009 | Improvements Assessment | $298,560 (2025) |
| Land Assessment | $59,460 (2025) | Total Assessment | $358,020 (2025) |
Property Taxes
Parcel Number
14 22200010009
Land Assessment
$59,460 (2025)
Improvements Assessment
$298,560 (2025)
Total Assessment
$358,020 (2025)
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3683 Ohio River Rd