Industrial Warehouse
New
For Sale
Contact for pricing
148 Roush Circle, Fairmont, WV 26554
Two-building industrial property with high-clearance space, overhead doors, and outdoor areas for parking or equipment storage.
Property Size12,280 SF
Lot Size2.70 Acres
Price / SF$122.07
Days on Market7
Property Features for 148 Roush Circle
General Information
Standard status
Active
Size
12,280 SF
Lot size
2.70 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Building Details
Buildings
2
Listing Agency:
Black Diamond Realty
Listed By:
Mark J. Nesselroad · License #WV WV0029167
(304) 413-4350
Source:
Crexi
Added: Sep 4
Changed: Sep 9
Last Checked: Sep 9 at 3:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Black Diamond Realty
Investment Insights
Based on property information with market context.
This industrial property includes two buildings with a combined 12,280 square feet of functional space on 2.7 acres. Building 1 provides 20-foot ceilings and two 14-foot by 14-foot overhead doors. Building 2 features 18-foot ceilings and a 20-foot by 17-foot high overhead door. The layout supports manufacturing, warehousing, or mixed industrial use, with outdoor space available for parking and equipment storage.
The property is located at 148 Roush Circle in Fairmont, West Virginia, within the city’s industrial corridor. Its location offers access to major highways serving transportation and logistics needs. The site is suited to owner-occupant businesses seeking industrial buildings with substantial interior clearance and exterior operating area.
The property is located at 148 Roush Circle in Fairmont, West Virginia, within the city’s industrial corridor. Its location offers access to major highways serving transportation and logistics needs. The site is suited to owner-occupant businesses seeking industrial buildings with substantial interior clearance and exterior operating area.
Key Highlights
- Two industrial buildings totaling 12,280 square feet on 2.7 acres
- Building 1 has 20' ceilings and two 14' x 14' overhead doors
- Building 2 includes 18' ceilings and a 20' x 17' high overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$87,366
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,747,320
$1.7M
Cap Rate 7%
$1,248,086
$1.2M
Cap Rate 9%
$970,733
$970.7K
Market Conditions
NOI Build-Up for 12,280 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$110.5K $9.00/SF
− Vacancy
−$7.7K −$0.63/SF
EGI
$102.8K $8.37/SF
− OpEx
−$15.4K −$1.26/SF
NOI
$87.4K $7.11/SF
Area
Marion County, WV
Vacancy
7.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,747,320
Cap Rate 7%
$1,248,086
Cap Rate 9%
$970,733
Alternative Uses
Best Use
Warehouse
$1.25M
$1.09M – $1.46M
NOI $87,366 @ 7.0% cap · market cap 5.83%
Second Best
Flex RnD
$1.17M
$1.03M – $1.37M
NOI $82,077 @ 7.0% cap · market cap 5.48%
Theoretical Best
Multifamily LT 5
$75.34M
$65.92M – $87.89M
NOI $5,273,680 @ 7.0% cap · market cap 351.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 26554, WV
42,133
Population
19,688
Households
2.1
Avg Household Size
40
Median Age
30%
College-Educated
94%
High-School Grad
131.9 sq mi
ZIP Area
319
Density / Sq Mi
$69,271
Median Household Income
$40,688
Median Earnings
$931
Median Rent
$181,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Two-building industrial property with high-clearance space, overhead doors, and outdoor areas for parking or equipment storage.
Where is this warehouse located?
The property is located at 148 Roush Circle Fairmont, WV.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Two industrial buildings totaling 12,280 square feet on 2.7 acres; Building 1 has 20' ceilings and two 14' x 14' overhead doors; Building 2 includes 18' ceilings and a 20' x 17' high overhead door
