Two-Story Medical Office
For Sale
Contact for pricing
4 Chateau Grove Lane, Barboursville, WV 25504
Existing clinical improvements include exam rooms, treatment space, physician offices, and separate administrative areas.
Property Size5,356 SF
Price / SF$112.01
Days on Market60
Property Features for 4 Chateau Grove Lane
General Information
Standard status
Active
Size
5,356 SF
Class
A
Total Parking Spaces
25
Property subtype
Office
Building Details
Buildings
1
Stories
2
Units
1
Listing Agency:
Fathom Realty - The Jim Weiler Team
Listed By:
James J Weiler III · License #WVA210040121
Source:
Crexi
Added: Aug 19
Changed: Oct 4
Last Checked: Oct 16 at 8:17AM
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 Fathom Realty - The Jim Weiler Team
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Investment Insights
Based on property information with market context.
This 5,356-square-foot medical office property is arranged across two floors with a clinical first-floor layout and dedicated administrative space above. Patient-facing areas include a lobby, restroom, reception and billing areas, multiple physician offices, 10 exam rooms, a treatment room, and a centrally positioned nurse station. The existing medical buildout supports immediate use without describing the property as requiring a new conversion.
The upper level adds administrative functionality with a kitchen and billing and collections area, separating back-office work from daily clinical activity. The property is in Barboursville near the Huntington Mall retail and commercial corridor, with access serving patients and staff across the greater Huntington and Tri-State market.
The upper level adds administrative functionality with a kitchen and billing and collections area, separating back-office work from daily clinical activity. The property is in Barboursville near the Huntington Mall retail and commercial corridor, with access serving patients and staff across the greater Huntington and Tri-State market.
Key Highlights
- 5,356‑square‑foot medical office property arranged across two floors
- 10 exam rooms plus a dedicated treatment room
- First‑floor patient lobby, restroom, reception, and billing areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,105
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing clinical improvements include exam rooms, treatment space, physician offices, and separate administrative areas.
Where is this medical office space located?
The property is located at 4 Chateau Grove 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‑foot medical office property arranged across two floors; 10 exam rooms plus a dedicated treatment room; First‑floor patient lobby, restroom, reception, and billing areas
