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    1St St Fairmont, WV 26554

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    For Lease
    Contact for pricing

    White Hall medical/executive office suites

    Lot size:
    18,241 SF

    Property Features for 0 1St St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,241 SF
    Class
    B
    Total Rate
    30021.65

    Building Details

    Year Built/Renovated
    1994/2020
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 0 1St St, Fairmont, WV 26554 Contact us
    Unit Available Space 1

    $24 /Mo

    Size
    4,000 SF
    Contact us

    We can help!

    Listing Contact
    Rich Lane
    Rich Lane

    Listing Agency: Petroplus Lane, LLC Listing Agent: Rich Lane

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional single-story office building, totaling 18,241 square feet, presents a prime opportunity in the White Hall submarket of Marion County. Located conveniently near NASA Blvd, this Class B property boasts a recent 2020 renovation, ensuring modern amenities and functionality. The building sits on a generous 4.82 acres of land, providing ample parking and potential for future expansion. Currently, there is 4,000 square feet of immediately available space, divisible into units as small as 2,000 square feet, with a maximum contiguous space of 4,000 square feet. The building is ideally suited for a variety of office uses, including medical, executive, and traditional office tenants. Built in 1994 and thoughtfully updated, this property offers a blend of established infrastructure and contemporary design. The flexible space allows for customization to meet specific business needs, and a build-out allowance is available to assist with tenant improvements. This is an excellent opportunity to secure high-quality office space in a desirable location with convenient access and ample parking. The property's multiple tenancy structure offers a diverse and vibrant work environment. Don't miss this chance to establish your business in this well-maintained and strategically located office building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Fairmont
    County
    Marion
    State
    West Virginia
    Longitude
    -80.1428584
    Latitude
    39.4392651

    Nearby Similar for Lease

    • $12 SF/Yr
      6,200 SF

      Fairmont, WV Office Space

      6,200 sq ft, renovated 2024, high ceilings
      9685 Mall Loop, Fairmont, WV 26554
      View Details

    FAQs

    What type of property is this?
    Medical office - White Hall medical/executive office suites
    Where is this medical office located?
    The property is located at 1St St Fairmont, WV.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 18,241 SF single-story office building on 4.82 acres in White Hall, Marion County.; Class B building, built in 1994 and renovated in 2020.; 4,000 SF of vacant space available, divisible to 2,000 SF minimum, with a maximum contiguous space of 4,000 SF.
    (304) 284-5001 Call to check price and availability
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1St St Fairmont, WV 26554
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rich Lane
    Rich Lane
    Real Estate License ID: 0017924
    (304) 284-5001
    Learn more
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