Building Details

Year built 1960

Floors in Building 3

Listing Agency: Kaufman Realty and Auctions

Listed By: Wayne Yoder Show Phone

Added: Jul 20 Changed: Oct 1 Last Checked: Oct 20 at 9:06PM

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MLS# 11896359

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

The 29,090-square-foot office building at 347 W Main Street contains three floors and was built in 1960. Previously used as a biometric processing center, the property supported a workforce of more than 200 employees. Physical improvements include a loading bay, freight elevator, overhead door, two exterior entrances, and a sprinkler fire suppression system. A second-floor data room includes a Liebert cooling system for technology and server operations.

The property is in downtown Clarksburg within an area eligible for HUBZone status. Municipal water and septic sewer serve the building. Its substantial floor area, vertical transportation, loading capability, and technology infrastructure provide a broad existing office configuration for administrative, professional, healthcare, government, or technology-oriented occupancy.

Key Highlights

• 29,090‑square‑foot office building with 3 floors
• Second‑floor data room with Liebert cooling system
• Loading bay, freight elevator, and overhead door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$211,412

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,228,240 $4.2M

Cap Rate 7%

$3,020,171 $3.0M

Cap Rate 9%

$2,349,022 $2.3M

What to ask about pricing

Market Conditions

NOI Build-Up for 29,090 SF

Gross rent

$331.6K $11.40/SF

− Vacancy

−$49.7K −$1.71/SF

EGI

$281.9K $9.69/SF

− OpEx

−$70.5K −$2.42/SF

NOI

$211.4K $7.27/SF

Area

Harrison County, WV

Vacancy

15.00%

Lease Rate

$11.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,228,240

Cap Rate 7%

$3,020,171

Cap Rate 9%

$2,349,022

Alternative Uses

Best Use

Office B

$3.02M

$2.64M – $3.52M (±1% cap)

NOI $211,412 @ 7.0% cap · market cap 21,141,200.00%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$5.76M

$5.04M – $6.72M (±1% cap)

NOI $402,905 @ 7.0% cap · market cap 40,290,500.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Pharmacy Skin Care Clinic Garden Center (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Sprinkler system

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

905

Businesses Nearby

Explore this area Business Placement

Demographics for 26301, WV

28,586

Population

13,875

Households

2.1

Avg Household Size

42

Median Age

22%

College-Educated

86%

High-School Grad

77.1 sq mi

ZIP Area

371

Density / Sq Mi

$49,773

Median Household Income

$34,594

Median Earnings

$772

Median Rent

$123,500

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Former processing facility with dedicated technology space, freight access, and established fire protection.

Where is this office building located?

The property is located at 347 W Main St Clarksburg, WV.

What are key features of this property?

This property features: 29,090‑square‑foot office building with 3 floors; Second‑floor data room with Liebert cooling system; Loading bay, freight elevator, and overhead door