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    Floyd Real Estate

    513 Fairmont Avenue, Fairmont, WV 26554
    (304) 282-0729
    Web Site
    Size: 10+ agents

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    Property Types

    • Land
    • Farm
    • Commercial Sale

    Listings

    For Sale (24)

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    Fairmont Land Near South Pointe
    $100,000
    14.62 Acres

    Fairmont Land Near South Pointe

    14.62 acres near Marion and Taylor County line.

    Tbd Palmer Dr, Fairmont, WV 26554
    View details
    Residential Land with City Views
    Contact for pricing
    0.13 Acres

    Residential Land with City Views

    Downtown Fairmont lot with city views and public utilities.

    127 Chestnut St, Fairmont, WV 26554
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    Commercial Land Near Interstate 79
    $884,400
    8.04 Acres

    Commercial Land Near Interstate 79

    Cleared land suitable for commercial development, near Interstate 79.

    Middletown Rd, Fairmont, WV 26554
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    Fairmont Commercial Land Opportunity
    $1,842,000
    24.56 Acres

    Fairmont Commercial Land Opportunity

    24.56 acres suitable for housing or commercial development.

    Tbd Middletown Rd, Fairmont, WV 26554
    View details
    Unrestricted Land Near Interstate I-79
    $1,200,000
    22.80 Acres

    Unrestricted Land Near Interstate I-79

    22.8 acres of commercial land near I-79 in Fairmont, WV.

    16 Meadowdale Rd, Fairmont, WV 26554
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    Residential Land in Parkside Estates
    $125,000
    10.84 Acres

    Residential Land in Parkside Estates

    Residential land for sale in Fairmont, West Virginia.

    Tbd Parkside Est, Fairmont, WV 26554
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    Residential Land Near Mannington
    $54,900
    13.75 Acres

    Residential Land Near Mannington

    13.75+/- acres near Mannington, WV with unlimited possibilities.

    Tbd Highland Ave, Mannington, WV 26582
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    Fairmont Commercial Land Opportunity
    $3,437,000
    34.37 Acres

    Fairmont Commercial Land Opportunity

    34.37 acres of land suitable for development.

    34.37 Acres Industrial Park Rd, Fairmont, WV 26554
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    Fairmont Commercial Land For Sale
    $2,229,000
    22.29 Acres

    Fairmont Commercial Land For Sale

    22.29 acres of commercial land near I-79.

    22.29 Acres Industrial Park Rd, Fairmont, WV 26554
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    Fairmont Land with Development Potential
    Contact for pricing
    1.56 Acres

    Fairmont Land with Development Potential

    1.561-acre wooded lot outside city limits, no zoning restrictions.

    E Dale Rd, Fairmont, WV 26554
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    Recreational Land Near Five Points
    $95,900
    17.50 Acres

    Recreational Land Near Five Points

    17.5 acres ideal for outdoor recreation and peaceful living.

    166 Brown Rd, Wallace, WV 26448
    View details
    Fairmont Mixed-Use Business Opportunity
    $84,900
    1,878 SF

    Fairmont Mixed-Use Business Opportunity

    Mixed-use property in high-traffic area with rental income potential.

    209 Fairmont Ave, Fairmont, WV 26554
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    Residential Land in Fairmont, WV
    Contact for pricing
    0.39 Acres

    Residential Land in Fairmont, WV

    Residential lot with utilities nearby, driveway base, and storage garage.

    Tbd Sunshine Way, Fairmont, WV 26554
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    Residential Land in Fairview, WV
    Contact for pricing
    2.40 Acres

    Residential Land in Fairview, WV

    2.4 acre rural lot with road access near town.

    4 Jesse's Run Rd, Fairview, WV 26570
    View details
    Former Car Wash in Fairmont
    $99,000
    0.58 Acres

    Former Car Wash in Fairmont

    Car wash structure present, not operational, zoned City Center.

    00 Diamond St, Fairmont, WV 26554
    View details
    Commercial Land in Pleasant Valley
    $249,900
    1.13 Acres

    Commercial Land in Pleasant Valley

    Over 1 acre with interstate visibility in Pleasant Valley.

    2213 Pleasant Valley Rd, Pleasant Valley, WV 26554
    View details
    Commercial Garage Near I-79
    $134,900
    768 SF

    Commercial Garage Near I-79

    Commercial garage/building with potential for business or office space.

    36 Stoney Rd, Fairmont, WV 26554
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    Residential Land in Worthington, WV
    $299,900
    47.00 Acres

    Residential Land in Worthington, WV

    47 acres of land suitable for multiple uses.

    000 Harter Hill Rd, Worthington, WV 26591
    View details
    Fairmont Office Building - Great Value
    $1,450,000
    15,625 SF

    Fairmont Office Building - Great Value

    Prime Fairmont location, 15,625 sq ft office space, 3.43 acres.

    3 Tygart Mall Rd, Fairmont, WV 26554
    View details
    Fairmont WV Commercial Space
    $424,000
    9,007 SF

    Fairmont WV Commercial Space

    9,007 sq ft Commercial Building

    205 10Th St, Fairmont, WV 26554
    View details
    Fairmont, WV Commercial Building
    $125,000
    38,432 SF

    Fairmont, WV Commercial Building

    Large building, great potential, 0.5 acre lot.

    100 Fairmont Ave, Fairmont, WV 26554
    View details
    Fairview WV Commercial Property
    $179,000
    2,200 SF

    Fairview WV Commercial Property

    Versatile 2,200 sq ft building on 0.49 acres.

    4418 Crossroads Rd, Fairview, WV 26570
    View details
    Land Near Industrial Park
    $2,229,000

    Land Near Industrial Park

    Corner lot with road frontage near I-79.

    22.29 Acres Industrial Park Rd, Fairmont, WV 26554
    View details
    Fairmont Land For Sale
    $3,437,000

    Fairmont Land For Sale

    34.37 acres of land suitable for development.

    34.37 Acres Industrial Park Rd, Fairmont, WV 26554
    View details

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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
    Floyd Real Estate
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