Medical Office Building with
For Sale
$925,000
Pending
3782 US Route 60, Huntington, WV 25705
CommercialSale, Huntington, WV
Property Size3,044 SF
Lot Size0.24 Acres
Days on Market359
Property Features for 3782 US Route 60
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commer
Lot features
Less Than One Acre, Level
Directions
3782 US Route 60, Huntington, WV
Subdivision
Huntington-Culloden-Milton
Standard status
Pending
APN
01-007Q-0040-0000-0000
Lot size
0.24 Acres
Taxes and HOA fees
Tax Description
.24 AC
Tax Annual Amount
1823
Legal Description
.24 AC
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Electric
Amenities
multiple offices
3 full restrooms
lobby
kitchen
outdoor eating space
Building Details
Year built
1963
Floors in Building
1
Flooring type
Carpet, Tile
Building materials
Brick
Roof type
Shingle
Listing Agency:
Old Colony, Realtors of Htgn
(304) 736-9955
Listed By:
Jessica Lawson · License #0027932
(304) 939-1201
Added: Oct 2, 2025
Changed: Sep 14
Last Checked: Sep 25 at 1:06PM
MLS# 280514
Copyright © 2026 Kanawha Valley Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1963, this 3,044-square-foot medical office property features a multi-room layout with multiple offices, a lobby, kitchen, and three full restrooms. Brick construction, tile and carpet flooring, natural gas forced-air heat, and electric cooling support the existing professional-office configuration. The roof is 15 years old.
The property occupies 0.24 acres at the corner of US Route 60 and the entrance to West Pea Ridge in Huntington, West Virginia. On-site parking provides 28 spaces, while the recently resurfaced lot and freshly painted exterior offer maintained site improvements. An outdoor area provides space for breaks or informal use.
The property occupies 0.24 acres at the corner of US Route 60 and the entrance to West Pea Ridge in Huntington, West Virginia. On-site parking provides 28 spaces, while the recently resurfaced lot and freshly painted exterior offer maintained site improvements. An outdoor area provides space for breaks or informal use.
Key Highlights
- 3,044‑square‑foot medical office building
- Multiple offices, lobby, kitchen, and 3 full restrooms
- 28‑space parking lot on 0.24 acres
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
$35,494
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
3.84%
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%
$709,880
$709.9K
Cap Rate 7%
$507,057
$507.1K
Cap Rate 9%
$394,378
$394.4K
Market Conditions
NOI Build-Up for 3,044 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
$57.7K $18.96/SF
− Vacancy
−$10.4K −$3.41/SF
EGI
$47.3K $15.55/SF
− OpEx
−$11.8K −$3.89/SF
NOI
$35.5K $11.66/SF
Area
Cabell County, WV
Vacancy
18.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
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%
$709,880
Cap Rate 7%
$507,057
Cap Rate 9%
$394,378
Alternative Uses
Best Use
Office B
$507.1K
$443.7K – $591.6K
NOI $35,494 @ 7.0% cap · market cap 3.84%
Second Best
Healthcare Medical
$406.8K
$356.0K – $474.6K
NOI $28,476 @ 7.0% cap · market cap 3.08%
Theoretical Best
Multifamily LT 5
$1.84M
$1.61M – $2.15M
NOI $129,130 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 25705, WV
20,552
Population
9,909
Households
2.1
Avg Household Size
39
Median Age
39%
College-Educated
93%
High-School Grad
11.6 sq mi
ZIP Area
1,772
Density / Sq Mi
$60,608
Median Household Income
$38,184
Median Earnings
$917
Median Rent
$159,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Brick medical facility with multiple offices, three restrooms, lobby, kitchen, and outdoor break area.
Where is this medical office space located?
The property is located at 3782 US Route 60 Huntington, WV.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 3,044‑square‑foot medical office building; Multiple offices, lobby, kitchen, and 3 full restrooms; 28‑space parking lot on 0.24 acres
