Medical Office Building with
1703 LOCUST AVE, Fairmont, WV 26554
For Sale
Contact for pricing
Purpose-built layout includes exam rooms, private offices, reception, and administrative areas.
Property Size6,636 SF
Lot Size0.68 Acres
Price / SF$180.83
Days on Market101
Property Features for 1703 LOCUST AVE
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Additional Details
Road Access
Amenities
security system
Building Details
Year Built
Buildings
Stories
Building Size
Listing Agency:
Black Diamond Realty
Listed By:
Mark J. Nesselroad · License PA RMR001818
(304) 413-4350
Source:
Crexi
Added: Aug 6
Changed: Nov 12
Last Checked: Nov 12 at 4:21AM
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
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Investment Insights
Based on property information with market context.
Located at 1703 Locust Avenue in Fairmont, West Virginia, this 6,636-square-foot medical office property occupies approximately 0.68 acre. Constructed in 1999, the building includes exam and patient rooms, private offices, file rooms, reception, and administrative areas. A separate 236-square-foot loft adds space for office, storage, or administrative functions, and an installed security system is in place.
The property fronts Route 19, which records approximately 7,500 vehicles daily according to the cited 2025 traffic sources. The site also provides prominent signage opportunities and a parking lot with approximately 40 spaces. Zoning is Marion Corridor Commercial. Additional land directly behind the building is available for future expansion or development.
The property fronts Route 19, which records approximately 7,500 vehicles daily according to the cited 2025 traffic sources. The site also provides prominent signage opportunities and a parking lot with approximately 40 spaces. Zoning is Marion Corridor Commercial. Additional land directly behind the building is available for future expansion or development.
Key Highlights
- 6,636 (+/-) square foot medical office building on 0.68 (+/-) acre
- 236 (+/-) square foot loft for office, storage, or administrative use
- Medical layout with exam rooms, patient rooms, private offices, and file rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,606
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,052,120
$2.1M
Cap Rate 7%
$1,465,800
$1.5M
Cap Rate 9%
$1,140,067
$1.1M
Market Conditions
NOI Build-Up for 6,636 SF
Gross rent
$159.3K $24.00/SF
− Vacancy
−$22.5K −$3.38/SF
EGI
$136.8K $20.62/SF
− OpEx
−$34.2K −$5.15/SF
NOI
$102.6K $15.46/SF
Area
Marion County, WV
Vacancy
14.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,052,120
Cap Rate 7%
$1,465,800
Cap Rate 9%
$1,140,067
Alternative Uses
Best Use
Office B
$1.47M
$1.28M – $1.71M
NOI $102,606 @ 7.0% cap · market cap 8.55%
Second Best
Healthcare Medical
$905.6K
$792.4K – $1.06M
NOI $63,391 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,808 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
294
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built layout includes exam rooms, private offices, reception, and administrative areas.
Where is this medical office space located?
The property is located at 1703 LOCUST AVE Fairmont, WV.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6,636 (+/-) square foot medical office building on 0.68 (+/-) acre; 236 (+/-) square foot loft for office, storage, or administrative use; Medical layout with exam rooms, patient rooms, private offices, and file rooms
