Equipped Medical Office
For Sale
$399,000
4910 MacCorkle Avenue, South Charleston, WV 25309
CommercialSale, South Charleston, WV
Property Size1,350 SF
Lot Size0.14 Acres
Price / SF$295.56
Days on Market52
Property Features for 4910 MacCorkle Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
COMM
Rooms
Basement
Parking features
Off Street
Lot features
Less Than One Acre
Directions
South Charleston - MacCorkle Avenue
Subdivision
South Charleston
Standard status
Active
APN
18-0006-0040-0000-0000
Size
1,350 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
LTS 1-2 BK E SPRING HILL MACCORKLE AVE 4910
Tax Annual Amount
3438
Legal Description
LTS 1-2 BK E SPRING HILL MACCORKLE AVE 4910
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1935
Floors in Building
1
Flooring type
Vinyl, Carpet, Hardwood
Building materials
Block, Drywall
Roof type
Shingle
Listing Agency:
Old Colony
(304) 344-2581
Listed By:
Joseph Pacifico · License #0026745
(304) 741-3595
Added: Jul 22
Changed: Sep 2
Last Checked: Sep 11 at 6:06PM
MLS# 284636
Copyright © 2026 Kanawha Valley Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This medical office property contains 1,350 square feet on a 0.14-acre parcel and includes existing dental equipment in the sale. The interior is arranged with a reception area, private offices, a laboratory, and three patient examination rooms. A full unfinished basement adds storage capacity and may support future expansion. Hardwood, vinyl, and carpet flooring are installed throughout, with natural-gas forced-air heat and central air conditioning.
The property is located at 4910 MacCorkle Avenue in South Charleston, near I-64 and Thomas Hospital. Off-street parking, public water, and public sewer serve the site. Built in 1935, the building’s floor plan can also accommodate commercial uses beyond its prior dental practice configuration.
The property is located at 4910 MacCorkle Avenue in South Charleston, near I-64 and Thomas Hospital. Off-street parking, public water, and public sewer serve the site. Built in 1935, the building’s floor plan can also accommodate commercial uses beyond its prior dental practice configuration.
Key Highlights
- Existing dental equipment included with the sale
- 1,350 square feet on a 0.14‑acre parcel
- Reception area, private offices, lab, and 3 patient/exam rooms
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
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing dental equipment, reception, private offices, lab, and exam rooms support continued clinical use.
Where is this medical office space located?
The property is located at 4910 MacCorkle Avenue 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: Existing dental equipment included with the sale; 1,350 square feet on a 0.14‑acre parcel; Reception area, private offices, lab, and 3 patient/exam rooms
