Building Details

Buildings 1

Stories 1

Building Size 3,405 SF

Construction block and brick

Listing Agency: HOWARD HANNA PREMIER PROPERTIES BY BARBARA ALEXANDER, LLC B***@howardhanna.com

Listed By: Kay Michael Alexander · License #0017400 Show Phone

Source: Exprealty

Added: Oct 14 Changed: Oct 19 Last Checked: Oct 19 at 2:43PM

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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 HOWARD HANNA PREMIER PROPERTIES BY BARBARA ALEXANDER, LLC

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Investment Insights

Based on property information with market context.

This one-story block-and-brick flex building contains 3,405 square feet, divided between 1,454 square feet of office space and 1,951 square feet of shop and warehouse area. A drive-in bay serves the work area, while the mostly level corner parcel has road access at both the front and rear. The property is being sold as-is.

The building is located on US Route 19. Its combination of office, shop, and storage space provides distinct areas for administrative and operational functions.

Key Highlights

• 3,405 square feet total, including 1,454 SF of office space and 1,951 SF of shop/warehouse area
• Drive‑in bay door
• One‑story block‑and‑brick construction

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,277

Cap Rate

6.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$485,540 $485.5K

Cap Rate 7%

$346,814 $346.8K

Cap Rate 9%

$269,744 $269.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,405 SF

Gross rent

$30.6K $9.00/SF

− Vacancy

−$2.1K −$0.61/SF

EGI

$28.6K $8.39/SF

− OpEx

−$4.3K −$1.26/SF

NOI

$24.3K $7.13/SF

Area

Monongalia County, WV

Vacancy

6.80%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$485,540

Cap Rate 7%

$346,814

Cap Rate 9%

$269,744

Alternative Uses

Best Use

Warehouse

$346.8K

$303.5K – $404.6K (±1% cap)

NOI $24,277 @ 7.0% cap · market cap 6.15%

Second Best

Industrial

$285.6K

$249.9K – $333.2K (±1% cap)

NOI $19,993 @ 7.0% cap · market cap 5.06%

Theoretical Best

Office A

$981.6K

$858.9K – $1.15M (±1% cap)

NOI $68,713 @ 7.0% cap · market cap 17.40%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Jamison Electrical Construction ... Electrical Service

Suggested Use

Top Pick Grocery & Convenience Store Daycare Center Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Garden Center Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Drive-in doors

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

467

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 26501, WV

19,200

Population

9,541

Households

2

Avg Household Size

38

Median Age

45%

College-Educated

94%

High-School Grad

58.5 sq mi

ZIP Area

328

Density / Sq Mi

$62,173

Median Household Income

$34,949

Median Earnings

$914

Median Rent

$213,000

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - A one-story layout pairs office accommodation with shop and warehouse areas.

Where is this flex space located?

The property is located at 686 Fairmont Rd Morgantown, WV.

What is the asking price?

The asking price for this property is $395,000.

What are key features of this property?

This property features: 3,405 square feet total, including 1,454 SF of office space and 1,951 SF of shop/warehouse area; Drive‑in bay door; One‑story block‑and‑brick construction