Warehouse With Overhead
For Sale
$550,000
1550 Pennsylvania Avenue, Fairmont, WV 26554
Block construction, tall ceilings, and an overhead door support commercial storage, equipment handling, and business operations.
Property Size8,240 SF
Lot Size0.39 Acres
Price / SF$66.75
Days on Market10
Property Features for 1550 Pennsylvania Avenue
General Information
Standard status
Active
Size
8,240 SF
Lot size
0.39 Acres
Property subtype
Mixed Use
Warehouse & Industrial
Clear Height
15.8 ft
Warehouse Space
8,240 SF
Drive-In Doors
1
Cold Storage
No
Taxes and HOA fees
Annual Taxes
$1,498
Amenities
3
Concrete
Shingle
Level
irr
Extra Storage. City Road, Level.
Building Details
Year Built
1976
Buildings
1
Building Size
8,240 SF
Construction
block
Listing Agency:
KEYSTONE REALTY GROUP LLC
(304) 534-2145
Listed By:
Misty Rohaly
(304) 534-2145
Source:
Xome
Added: Aug 13
Changed: Aug 22
Last Checked: Aug 22 at 7:39AM
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 KEYSTONE REALTY GROUP LLC
Investment Insights
Based on property information with market context.
This warehouse contains 8,240 square feet on a 0.39-acre parcel, with a durable block exterior and 15'10" ceilings. An electric overhead garage door provides building access for vehicles, equipment, inventory, and materials. The interior is largely open, while an existing restroom adds basic operational functionality.
The property is located at 1550 Pennsylvania Avenue in Fairmont, West Virginia, just outside city limits. Its level site and city-road access support straightforward entry to the building. Constructed in 1976, the facility offers substantial enclosed space for storage, distribution, contractor operations, equipment use, or other commercial activities supported by the existing configuration.
The property is located at 1550 Pennsylvania Avenue in Fairmont, West Virginia, just outside city limits. Its level site and city-road access support straightforward entry to the building. Constructed in 1976, the facility offers substantial enclosed space for storage, distribution, contractor operations, equipment use, or other commercial activities supported by the existing configuration.
Key Highlights
- 8,240‑square‑foot warehouse on a 0.39‑acre parcel
- 15'10" ceilings accommodate inventory, equipment, materials, and vehicles
- Durable block exterior with construction completed in 1976
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
$48,278
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
8.78%
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%
$965,560
$965.6K
Cap Rate 7%
$689,686
$689.7K
Cap Rate 9%
$536,422
$536.4K
Market Conditions
NOI Build-Up for 8,240 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
$74.2K $9.00/SF
− Vacancy
−$5.2K −$0.63/SF
EGI
$69.0K $8.37/SF
− OpEx
−$20.7K −$2.51/SF
NOI
$48.3K $5.86/SF
Area
Marion County, WV
Vacancy
7.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$965,560
Cap Rate 7%
$689,686
Cap Rate 9%
$536,422
Alternative Uses
Best Use
Warehouse
$837.5K
$732.8K – $977.1K
NOI $58,623 @ 7.0% cap · market cap 10.66%
Second Best
Flex RnD
$786.8K
$688.4K – $917.9K
NOI $55,075 @ 7.0% cap · market cap 10.01%
Theoretical Best
Multifamily LT 5
$50.55M
$44.23M – $58.98M
NOI $3,538,690 @ 7.0% cap · market cap 643.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Block construction, tall ceilings, and an overhead door support commercial storage, equipment handling, and business operations.
Where is this warehouse located?
The property is located at 1550 Pennsylvania Avenue Fairmont, WV.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 8,240‑square‑foot warehouse on a 0.39‑acre parcel; 15'10" ceilings accommodate inventory, equipment, materials, and vehicles; Durable block exterior with construction completed in 1976
