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3761 Teays Valley Rd 17,630 SF 100% Leased Office Building Hurricane, WV 25526 $1,600,000 ($90.75/SF) 9.16% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Leased Investment Property
- Great Visibility and Accessibility along Teays Valley Rd
- Approximately 320 Feet of Frontage along Teays Valley Road
- Diversified Tenant Mix of Office, Retail, & Apartment
- Ample Onsite Parking
EXECUTIVE SUMMARY
Fully leased diversified portfolio consisting of 3 buildings.
Building A: Approximately 10,000 SF multi tenant office building. Subdivided into 3 spaces which includes a chiropractors office, a hair salon, and a medical cannabis dispensary. The building had a roof replaced in 2015, all HVAC units have been updated in the last 10 years.
Building B: Approximately 2,430 SF retail/office building. Originally leased to All State Insurance office has since been converted into Night Owl tattoo studio. Building roof has been replaced in 2017 and a new HVAC system put in 2020. Space has been completely remodeled.
Building C: Approximately 5,200 SF, two story apartment building. Consisting of five apartment units. Apartments range from one to three bedrooms and one to one-half
baths, furnished kitchen w/ range and refrigerator. Apartments are leased fully furnished, updated, and equipped with modern appliances. Apartments are leased on short term rentals. In 2024 Landlord upgraded the building with a new roof and new HVAC units.
Disclaimer: This property is currently 100% Occupied. The information contained herein has been provided to the broker/agent by the property owners or other sources as we deem reliable. We have no reason to doubt its accuracy, however, we do not guarantee the information provided. All information should be verified prior to purchase by the buyer.
Building A: Approximately 10,000 SF multi tenant office building. Subdivided into 3 spaces which includes a chiropractors office, a hair salon, and a medical cannabis dispensary. The building had a roof replaced in 2015, all HVAC units have been updated in the last 10 years.
Building B: Approximately 2,430 SF retail/office building. Originally leased to All State Insurance office has since been converted into Night Owl tattoo studio. Building roof has been replaced in 2017 and a new HVAC system put in 2020. Space has been completely remodeled.
Building C: Approximately 5,200 SF, two story apartment building. Consisting of five apartment units. Apartments range from one to three bedrooms and one to one-half
baths, furnished kitchen w/ range and refrigerator. Apartments are leased fully furnished, updated, and equipped with modern appliances. Apartments are leased on short term rentals. In 2024 Landlord upgraded the building with a new roof and new HVAC units.
Disclaimer: This property is currently 100% Occupied. The information contained herein has been provided to the broker/agent by the property owners or other sources as we deem reliable. We have no reason to doubt its accuracy, however, we do not guarantee the information provided. All information should be verified prior to purchase by the buyer.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$234,576
|
$22.57
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$23,456
|
$2.26
|
| Effective Gross Income |
$211,120
|
$20.31
|
| Taxes |
$12,178
|
$1.17
|
| Operating Expenses |
$52,306
|
$5.03
|
| Total Expenses |
$64,484
|
$6.20
|
| Net Operating Income |
$146,636
|
$14.11
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $234,576 |
| Annual Per SF | $22.57 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $23,456 |
| Annual Per SF | $2.26 |
| Effective Gross Income | |
|---|---|
| Annual | $211,120 |
| Annual Per SF | $20.31 |
| Taxes | |
|---|---|
| Annual | $12,178 |
| Annual Per SF | $1.17 |
| Operating Expenses | |
|---|---|
| Annual | $52,306 |
| Annual Per SF | $5.03 |
| Total Expenses | |
|---|---|
| Annual | $64,484 |
| Annual Per SF | $6.20 |
| Net Operating Income | |
|---|---|
| Annual | $146,636 |
| Annual Per SF | $14.11 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
17,630 SF
Building Class
B
Year Built
2006
Price
$1,600,000
Price Per SF
$90.75
Cap Rate
9.16%
NOI
$146,632
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
17,630 SF
Building FAR
0.23
Lot Size
1.77 AC
Zoning
C-1
Parking
40 Spaces (2.27 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- First Settlement Physical Therapy
- Health Care and Social Assistance
- 4,534 SF
- $11.80
- Plus Electric
- Apr 2029
- Night Owl
- Retailer
- 2,430 SF
- $13.18
- Single Net
- Feb 2030
- Roots Salon
- Services
- 850 SF
- $10.80
- Plus Cleaning
- -
- Tarriff Labs LLC
- Health Care and Social Assistance
- 2,500 SF
- $12.73
- Plus Utilities and Cleaning
- Apr 2027
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| First Settlement Physical Therapy | Health Care and Social Assistance | 4,534 SF | $11.80 | Plus Electric | Apr 2029 | |
| Night Owl | Retailer | 2,430 SF | $13.18 | Single Net | Feb 2030 | |
| Roots Salon | Services | 850 SF | $10.80 | Plus Cleaning | - | |
| Tarriff Labs LLC | Health Care and Social Assistance | 2,500 SF | $12.73 | Plus Utilities and Cleaning | Apr 2027 |
PROPERTY TAXES
| Parcel Number | 10-222E-00650000 | Total Assessment | $540,300 |
| Land Assessment | $316,260 | Annual Taxes | $12,178 ($0.69/SF) |
| Improvements Assessment | $224,040 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
10-222E-00650000
Land Assessment
$316,260
Improvements Assessment
$224,040
Total Assessment
$540,300
Annual Taxes
$12,178 ($0.69/SF)
Tax Year
2024
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3761 Teays Valley Rd
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