Leased Medical Office
For Sale
$1,100,000
4502 MacCorkle Avenue, Charleston, WV 25304
Masonry medical office property with full occupancy, annual rent escalations, and convenient interstate access.
Property Size7,616 SF
Price / SF$144.43
Days on Market208
Property Features for 4502 MacCorkle Avenue
General Information
Standard status
Active
Size
7,616 SF
Property subtype
Office
Occupancy
100%
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$19,916
Amenities
Central Air, Electric, Gas
3
Tile, Vinyl
Flat
Asphalt, On Site.
Level
150x150x150x150
Handicapped Access, Street Lights, Sidewalks. Public Transport, Paved Road, Level.
Building Details
Year Built
2000
Buildings
1
Stories
1
Construction
masonry
Tenancy
Multi
Listing Agency:
(304) 549-7160
Listed By:
Old Colony
(304) 549-7160
Source:
Xome
Added: Feb 6
Changed: Aug 31
Last Checked: Sep 1 at 5:05PM
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 Old Colony
Investment Insights
Based on property information with market context.
Constructed in 2000, this 7,616-square-foot medical office building features masonry construction, central air, electric and gas service, and tile and vinyl finishes. The property is fully leased and includes handicapped access, sidewalks, street lighting, and on-site paved asphalt parking. Its level site measures 150x150x150x150.
The building is located at 4502 MacCorkle Avenue in Charleston, West Virginia, with access to Interstates 64 and 77. Public transportation and a paved road provide additional access. Existing leases include annual rent escalations.
The building is located at 4502 MacCorkle Avenue in Charleston, West Virginia, with access to Interstates 64 and 77. Public transportation and a paved road provide additional access. Existing leases include annual rent escalations.
Key Highlights
- 7,616‑square‑foot medical office building constructed in 2000
- 100% leased with annual rent escalations
- Masonry construction with central air, electric, and gas
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
$80,196
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
7.29%
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%
$1,603,920
$1.6M
Cap Rate 7%
$1,145,657
$1.1M
Cap Rate 9%
$891,067
$891.1K
Market Conditions
NOI Build-Up for 7,616 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
$137.1K $18.00/SF
− Vacancy
−$30.2K −$3.96/SF
EGI
$106.9K $14.04/SF
− OpEx
−$26.7K −$3.51/SF
NOI
$80.2K $10.53/SF
Area
Kanawha County, WV
Vacancy
22.00%
Lease Rate
$18.00 /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%
$1,603,920
Cap Rate 7%
$1,145,657
Cap Rate 9%
$891,067
Alternative Uses
Best Use
Office B
$1.15M
$1.00M – $1.34M
NOI $80,196 @ 7.0% cap · market cap 7.29%
Second Best
Healthcare Medical
$1.07M
$936.2K – $1.25M
NOI $74,899 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,567 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 25304, WV
8,466
Population
4,062
Households
2.1
Avg Household Size
44
Median Age
50%
College-Educated
94%
High-School Grad
9.7 sq mi
ZIP Area
873
Density / Sq Mi
$80,200
Median Household Income
$42,694
Median Earnings
$1,017
Median Rent
$227,100
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
- Kanawha City Veterinary Hospital & Barboursville Veterinary Clinic — 5405 MacCorkle Ave SE, Charleston, WV 25304
- Good Shepherd Veterinary Hospital — 3703 MacCorkle Ave SE, Charleston, WV 25304
- Kanawha Boulevard Animal Hospital — 2636 Kanawha Blvd E, Charleston, WV 25311
- Witt Rhonda DVM — 2636 Kanawha Blvd E, Charleston, WV 25311
- Lee Paula M DVM — 2636 Kanawha Blvd E, Charleston, WV 25311
Frequently Asked Questions
What type of property is this?
Medical Office Space - Masonry medical office property with full occupancy, annual rent escalations, and convenient interstate access.
Where is this medical office space located?
The property is located at 4502 MacCorkle Avenue Charleston, WV.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 7,616‑square‑foot medical office building constructed in 2000; 100% leased with annual rent escalations; Masonry construction with central air, electric, and gas
