Secure Flex Space with Laydown
For Sale
Contact for pricing
534 VIRGINIA AVE, Fairmont, WV 26554
Flexible commercial facility combines showroom, warehouse, and secured outdoor storage.
Property Size9,700 SF
Lot Size0.75 Acres
Price / SF$70.10
Days on Market8
Property Features for 534 VIRGINIA AVE
General Information
Standard status
Active
Size
9,700 SF
Lot size
0.75 Acres
Property subtype
Retail, Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
1
Amenities
security system
Building Details
Year Built
1976
Buildings
1
Stories
1
Building Size
9,700 SF
Listing Agency:
Black Diamond Realty
(304) 413-4350
Listed By:
Mark J. Nesselroad · License #PA RMR001818
Source:
Crexi
Added: Jul 30
Changed: Aug 5
Last Checked: Aug 6 at 4:58AM
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 Black Diamond Realty
Investment Insights
Based on property information with market context.
This 9,700-square-foot flex property, built in 1976, combines approximately 4,000 square feet of retail and showroom area with warehouse and industrial space. The improvements include an overhead drive-in door, loading dock, covered outdoor storage shed, and security system, supporting a range of commercial operations.
A remote-controlled gated entrance secures the outdoor laydown yard on approximately 0.75 acre. The property is located within Fairmont city limits and sits 1.5 miles from I-79, Exit 136, providing access to the regional transportation network while remaining in the city’s commercial corridor.
A remote-controlled gated entrance secures the outdoor laydown yard on approximately 0.75 acre. The property is located within Fairmont city limits and sits 1.5 miles from I-79, Exit 136, providing access to the regional transportation network while remaining in the city’s commercial corridor.
Key Highlights
- 9,700 (+/-) square foot flex building
- Approximately 4,000 (+/-) square feet of retail/showroom space
- 0.75 (+/-) acre site with secured laydown yard
Financial Insights For Industrial
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 | $87.3k | $9.00 |
| − Vacancy | −$6.1k | −$0.63 |
| EGI | $81.2k | $8.37 |
| − OpEx | −$24.4k | −$2.51 |
| NOI | $56.8k | $5.86 |
9,700 SF · lease $9.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.83M
$2.48M – $3.31M
NOI $198,404 @ 7.0% cap · market cap 29.18%
Second Best
Warehouse
$985.9K
$862.6K – $1.15M
NOI $69,011 @ 7.0% cap · market cap 10.15%
Theoretical Best
Multifamily LT 5
$59.51M
$52.07M – $69.43M
NOI $4,165,691 @ 7.0% cap · market cap 612.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Dock-high doors
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
869
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 26554, WV
42,133
Population
19,688
Households
2.1
Avg Household Size
40
Median Age
30%
College-Educated
94%
High-School Grad
131.9 sq mi
ZIP Area
319
Density / Sq Mi
$69,271
Median Household Income
$40,688
Median Earnings
$931
Median Rent
$181,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial facility combines showroom, warehouse, and secured outdoor storage.
Where is this flex space located?
The property is located at 534 VIRGINIA AVE Fairmont, WV.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: 9,700 (+/-) square foot flex building; Approximately 4,000 (+/-) square feet of retail/showroom space; 0.75 (+/-) acre site with secured laydown yard
