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    Premier Event Venue in Fairmont Title is generated by Realmo AI

    801 E Park Avenue, Fairmont, WV 26554

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    Claim this Listing
    For Sale
    $600,000

    Business - Fairmont, WV

    Type:Business
    Property size:
    12,800 SF
    Price / SF:
    $46/SF
    Added:
    Mar 20, 2026
    Days on Market:
    61
    Last Refresh:
    May 19 at 3:06 am

    Property Features for 801 E Park Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Zoning
    General Commercial
    Security features
    Security System
    Interior features
    Vaulted Ceilings, 9ft+ Ceiling, other, public Restrooms, security System
    Exterior features
    Other
    Appliances
    Other
    Standard status
    Active
    Size
    12,800 SF

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    10831

    Utilities

    Heating system
    Central
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1960
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Tile, Vinyl
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    KACY LABUDA

    Listing agent KACY LABUDA License #WVS190300748

    Listing office REAL BROKER, LLC 232 Capitol Street, Charleston, WV

    Listing date Mar 20, 2026

    MLS# 10161722 Listing URL

    Copyright © 2026 North Central West Virginia Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Premier wedding and event venue with established reputation and turnkey opportunity.
    • High‑visibility location on East Park Avenue with high traffic counts.
    • Spacious layout and dedicated parking suitable for large events.
    • Flexibility for multiple commercial uses: conference center, office space, retail showroom, or specialty business.
    • Potential to be restored to original use as a church.
    • Interior features include vaulted ceilings, 9ft+ ceilings, public restrooms, and security system.

    Overview

    Crystalline Events is a wedding and event venue located on East Park Avenue in Fairmont. The property offers high visibility with high traffic counts. Currently operating as a full-service wedding and event facility, the property is suited for receptions, banquets, galas, and corporate functions. The property provides dedicated parking and an established reputation. The property offers flexibility for multiple commercial possibilities, including a conference center, office space, retail showroom, or specialty business. The building retains the potential to be restored to its original purpose as a church. The open design and prime location make it adaptable to a wide range of business models. The property has a size of 12800 square feet and is located in Marion County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wedding venues

    Suggested Use

    Restaurant Dental Office Hair Salon Auto Repair Shop Bar & Pub (Bike/Boat/Book/etc) Store Bakery Garden Center Nursing Home Wine and Liquor Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fairmont
    County
    Marion
    State
    West Virginia
    Longitude
    -80.221694
    Latitude
    39.460973

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    FAQs

    What type of property is this?
    Wedding venue - Turnkey wedding and event venue with high visibility.
    Where is this wedding venue located?
    The property is located at 801 E Park Avenue Fairmont, WV.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Premier wedding and event venue with established reputation and turnkey opportunity.; High‑visibility location on East Park Avenue with high traffic counts.; Spacious layout and dedicated parking suitable for large events.
    (912) 580-8109
    We can help!
    Listing Contact
    KACY LABUDA
    Real Estate License ID: WVS190300748
    Learn More
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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.

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