Medical Office with Reception
For Sale
$165,000
403 Milford Street, Clarksburg, WV 26301
Flexible commercial layout with central air, multiple enclosed rooms, paved parking, and a turfed rear yard.
Property Size2,160 SF
Price / SF$76.39
Days on Market12
Property Features for 403 Milford Street
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$2,082
Amenities
Central Air
3
Tile, Vinyl, Other
Other, Rubber
Sloped
.370
Sloped.
Building Details
Year Built
1967
Listing Agency:
REAL BROKER, LLC
(304) 282-1184
Listed By:
Aja Copenhaver
Source:
Xome
Added: Aug 8
Changed: Aug 17
Last Checked: Aug 19 at 5:35AM
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 REAL BROKER, LLC
Investment Insights
Based on property information with market context.
This 2,160-square-foot medical office property was built in 1967 and previously operated as a veterinary clinic. The interior includes a front reception and waiting area followed by multiple enclosed rooms that can support exam, treatment, office, or private workspace functions. Central air serves the building, while tile, vinyl, and other flooring materials are present throughout the interior.
Exterior features include a paved parking lot and a turfed backyard. The property is located at 403 Milford Street in Clarksburg, West Virginia, with a layout that can be adapted for medical, wellness, office, or other service-oriented operations. Light cosmetic updates may be appropriate, but the existing room configuration and commercial improvements provide a practical starting point for future occupancy.
Exterior features include a paved parking lot and a turfed backyard. The property is located at 403 Milford Street in Clarksburg, West Virginia, with a layout that can be adapted for medical, wellness, office, or other service-oriented operations. Light cosmetic updates may be appropriate, but the existing room configuration and commercial improvements provide a practical starting point for future occupancy.
Key Highlights
- 2,160 SF medical office property built in 1967
- Former veterinary clinic with reception, waiting area, and multiple enclosed rooms
- Central air conditioning
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
$12,823
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
7.77%
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%
$256,460
$256.5K
Cap Rate 7%
$183,186
$183.2K
Cap Rate 9%
$142,478
$142.5K
Market Conditions
NOI Build-Up for 2,160 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
$21.5K $9.96/SF
− Vacancy
−$1.8K −$0.83/SF
EGI
$19.7K $9.13/SF
− OpEx
−$6.9K −$3.20/SF
NOI
$12.8K $5.94/SF
Area
Harrison County, WV
Vacancy
8.30%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
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%
$256,460
Cap Rate 7%
$183,186
Cap Rate 9%
$142,478
Alternative Uses
Best Use
Healthcare Medical
$252.2K
$220.7K – $294.2K
NOI $17,652 @ 7.0% cap · market cap 10.70%
Second Best
Office B
$224.3K
$196.2K – $261.6K
NOI $15,698 @ 7.0% cap · market cap 9.51%
Theoretical Best
Specialty Retail
$427.4K
$374.0K – $498.6K
NOI $29,917 @ 7.0% cap · market cap 18.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
Balanced
Demand for This Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ramano J M DVM — 403 Milford St, Clarksburg, WV 26301
- Clarksburg Veterinary Hospital — 403 Milford St, Clarksburg, WV 26301
Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible commercial layout with central air, multiple enclosed rooms, paved parking, and a turfed rear yard.
Where is this medical office space located?
The property is located at 403 Milford Street Clarksburg, WV.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: 2,160 SF medical office property built in 1967; Former veterinary clinic with reception, waiting area, and multiple enclosed rooms; Central air conditioning
