Leased Medical Office
4502 MacCorkle Avenue Unit 4502 Charleston, WV 25304
For Sale
$1,200,000
Built in 2000, this modern masonry medical office building is 100% leased and offers access to Interstates 64 and 77.
Property Size7,616 SF
Price / SF$157.56
Days on Market235
Property Features for 4502 MacCorkle Avenue Unit 4502
General Information
- Standard status
- Active
- Size
- 7,616 SF
- Property subtype
- Office
Building Details
- Year Built
- 2000
Listing Agency:
(304) 549-7160
Listed By:
Old Colony
(304) 549-7160
Source:
Xome
Added: Nov 30, 2025
Changed: Jul 22
Last Checked: Jul 23 at 4:18AM
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.
This leased medical office building was constructed in 2000 and is described as a modern masonry structure that has been meticulously maintained. The property is 100% leased by medical tenants on strong leases, with annual rent escalations noted in the offering materials.
The building is located in the Kanawha City submarket of Charleston, West Virginia, and offers accessibility to Interstates 64 and 77.
For investors, the asset is presented as a long-term income option with durable construction, established tenancy, and minimal management referenced in the remarks.
The building is located in the Kanawha City submarket of Charleston, West Virginia, and offers accessibility to Interstates 64 and 77.
For investors, the asset is presented as a long-term income option with durable construction, established tenancy, and minimal management referenced in the remarks.
Key Highlights
- Medical office building built in 2000 with modern masonry construction
- 100% leased by medical office tenants
- Annual rent escalations on strong leases
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $137.1k | $18.00 |
| − Vacancy | −$30.2k | −$3.96 |
| EGI | $106.9k | $14.04 |
| − OpEx | −$26.7k | −$3.51 |
| NOI | $80.2k | $10.53 |
7,616 SF · lease $18.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.15M
$1.00M – $1.34M
NOI $80,196 @ 7.0% cap · market cap 6.68%
Second Best
Healthcare Medical
$1.07M
$936.2K – $1.25M
NOI $74,899 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,567 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sheikh Nasim, MD
Physician
Kanawha City Pediatric ...
Dental Office
Charleston Dermatology, PLLC ...
Physician
Monica Armstrong
Physician
Dr. Don Skaff
Dental Office
Similar Off Market Nearby
- Kanawha Boulevard Animal Hospital — 2636 Kanawha Blvd E, Charleston, WV 25311
- Good Shepherd Veterinary Hospital — 3703 MacCorkle Ave SE, Charleston, WV 25304
- Kanawha City Veterinary Hospital & Barboursville Veterinary Clinic — 5405 MacCorkle Ave SE, Charleston, WV 25304
- Lee Paula M DVM — 2636 Kanawha Blvd E, Charleston, WV 25311
- Witt Rhonda DVM — 2636 Kanawha Blvd E, Charleston, WV 25311
FAQs
What type of property is this?
Medical Office Space - Built in 2000, this modern masonry medical office building is 100% leased and offers access to Interstates 64 and 77.
Where is this medical office space located?
The property is located at 4502 MacCorkle Avenue Unit 4502 Charleston, WV.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Medical office building built in 2000 with modern masonry construction; 100% leased by medical office tenants; Annual rent escalations on strong leases
