Medical Office Space with Exam
New
For Sale
$599,900
4 Chateau Gove Lane, Barboursville, WV 25504
COMMERCIAL, Barboursville, WV
Property Size5,356 SF
Price / SF$112.01
Days on Market3
Property Features for 4 Chateau Gove Lane
General Information
Property type
Commercial Sale
Property subtype
Office
Lot features
Level
Directions
Located near I-64 and U.S. Route 60, the property offers convenient regional access and is surrounded by a strong concentration of national retailers, restaurants, hotels, and service businesses. The Huntington Mall area draws significant consumer traffic
Subdivision
13 - Barboursville
Standard status
Active
Size
5,356 SF
Utilities
Heating system
Central, Natural Gas, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
2015
Building materials
Brick
Roof type
Shingle
Listing Agency:
Fathom Realty LLC
(304) 645-7700
Listed By:
Jim Weiler
(304) 654-6444
Added: Sep 1
Changed: Sep 3
Last Checked: Sep 3 at 6:06PM
MLS# 184791
Copyright © 2026 Huntington 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.
This two-story medical office property contains 5,356 square feet and was built in 2015. The first floor is arranged for patient care, with a lobby and restroom, reception and billing areas, multiple physician offices, 10 exam rooms, a treatment room, and a centrally positioned nurse station. The second floor adds administrative capacity with a kitchen and billing and collections area.
The property includes an existing medical buildout designed for clinical operations, with central heating and cooling, natural gas and electric heating, a brick exterior, and a shingle roof. It is located in Barboursville near the Huntington Mall retail and commercial corridor, providing access for patients and staff throughout the greater Huntington and Tri-State market.
The property includes an existing medical buildout designed for clinical operations, with central heating and cooling, natural gas and electric heating, a brick exterior, and a shingle roof. It is located in Barboursville near the Huntington Mall retail and commercial corridor, providing access for patients and staff throughout the greater Huntington and Tri-State market.
Key Highlights
- 5,356 square feet of medical office space
- 10 exam rooms plus a dedicated treatment room
- Two‑story layout separates clinical and administrative functions
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
$50,105
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
8.35%
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%
$1,002,100
$1.0M
Cap Rate 7%
$715,786
$715.8K
Cap Rate 9%
$556,722
$556.7K
Market Conditions
NOI Build-Up for 5,356 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
$91.3K $17.04/SF
− Vacancy
−$7.8K −$1.45/SF
EGI
$83.5K $15.59/SF
− OpEx
−$33.4K −$6.24/SF
NOI
$50.1K $9.35/SF
Area
Cabell County, WV
Vacancy
8.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
40.00%
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%
$1,002,100
Cap Rate 7%
$715,786
Cap Rate 9%
$556,722
Alternative Uses
Best Use
Office B
$892.2K
$780.7K – $1.04M
NOI $62,453 @ 7.0% cap · market cap 10.41%
Second Best
Healthcare Medical
$715.8K
$626.3K – $835.1K
NOI $50,105 @ 7.0% cap · market cap 8.35%
Theoretical Best
Multifamily LT 5
$3.25M
$2.84M – $3.79M
NOI $227,207 @ 7.0% cap · market cap 37.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
546
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 25504, WV
12,972
Population
5,492
Households
2.4
Avg Household Size
43
Median Age
32%
College-Educated
91%
High-School Grad
52.2 sq mi
ZIP Area
249
Density / Sq Mi
$59,577
Median Household Income
$37,995
Median Earnings
$885
Median Rent
$181,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built medical space with clinical, administrative, and patient-facing areas across two floors.
Where is this medical office space located?
The property is located at 4 Chateau Gove Lane Barboursville, WV.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 5,356 square feet of medical office space; 10 exam rooms plus a dedicated treatment room; Two‑story layout separates clinical and administrative functions
