Medical Office Property with Dental
For Sale
$399,000
4910 Maccorkle Ave Sw, South Charleston, WV 25309
Configured for dental operations with exam rooms, private offices, a lab, reception area, and included equipment.
Property Size1,350 SF
Price / SF$295.56
Days on Market29
Property Features for 4910 Maccorkle Ave Sw
General Information
Standard status
Active
Size
1,350 SF
Taxes and HOA fees
Annual Taxes
$3,438
Listing Agency:
Old Colony
(304) 741-3595
Listed By:
Joseph Pacifico · License #0026745
(304) 741-3595
Source:
Exprealty
Added: Jul 23
Changed: Aug 13
Last Checked: Aug 20 at 12:43PM
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 1,350-square-foot medical office property retains a layout suited to dental or related professional use. The interior includes a reception area, private offices, a laboratory, and three patient or exam rooms. Existing dental equipment is included, supporting continued operation in its prior configuration. A full unfinished basement provides additional storage space and room for future buildout.
The property is positioned along MacCorkle Avenue near I-64 and is located minutes from Thomas Hospital. Off-street parking and visibility from the surrounding roadway are also part of the offering. The floor plan can accommodate a range of commercial uses, subject to applicable requirements.
The property is positioned along MacCorkle Avenue near I-64 and is located minutes from Thomas Hospital. Off-street parking and visibility from the surrounding roadway are also part of the offering. The floor plan can accommodate a range of commercial uses, subject to applicable requirements.
Key Highlights
- 1,350 SF medical office property
- Existing dental equipment included in the sale
- Three patient or exam rooms with reception, offices, and lab
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
$14,216
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
3.56%
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%
$284,320
$284.3K
Cap Rate 7%
$203,086
$203.1K
Cap Rate 9%
$157,956
$158.0K
Market Conditions
NOI Build-Up for 1,350 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
$24.3K $18.00/SF
− Vacancy
−$5.3K −$3.96/SF
EGI
$19.0K $14.04/SF
− OpEx
−$4.7K −$3.51/SF
NOI
$14.2K $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%
$284,320
Cap Rate 7%
$203,086
Cap Rate 9%
$157,956
Alternative Uses
Best Use
Office B
$203.1K
$177.7K – $236.9K
NOI $14,216 @ 7.0% cap · market cap 3.56%
Second Best
Healthcare Medical
$189.7K
$166.0K – $221.3K
NOI $13,277 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$297.7K
$260.5K – $347.3K
NOI $20,840 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 25309, WV
13,146
Population
5,867
Households
2.2
Avg Household Size
44
Median Age
26%
College-Educated
92%
High-School Grad
31.1 sq mi
ZIP Area
423
Density / Sq Mi
$52,920
Median Household Income
$40,732
Median Earnings
$767
Median Rent
$142,700
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.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for dental operations with exam rooms, private offices, a lab, reception area, and included equipment.
Where is this medical office space located?
The property is located at 4910 Maccorkle Ave Sw South Charleston, WV.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,350 SF medical office property; Existing dental equipment included in the sale; Three patient or exam rooms with reception, offices, and lab
