Fairmont Gas Station For
414 Corbin Pl Fairmont, WV 26554
414 Corbin Pl, Fairmont, WV, 26554
Contact for pricing
For Sale
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Gas/service station with building and residential houses in downtown Fairmont.
Property Size1,997 SF
Lot Size0.82 Acres
Price / SF$425.14
Days on Market930
Property Features for 414 Corbin Pl
General Information
- Standard status
- Active
- Size
- 1,997 SF
- Lot size
- 0.82 Acres
- Property subtype
- Retail
Listing Agency
Black Diamond Realty
(304) 413-4350
Listed by
Mark J. Nesselroad · License #WV WV0029167
Source
Crexi
Added: Jan 3, 2024 Updated: Jul 6 at 7:43 am Checked: Jul 20 at 6:58 am
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.
The property at 414 Corbin Place, Fairmont, WV, formerly used as a gas/service station, includes a 1,997 square foot building on a 0.815 acre lot. In addition to the main gas station building, there are two residential houses and a storage building on the property. The residential houses would require demolition. The gas station tanks and pumps were replaced in Spring 2018. The property is located in the downtown area of Fairmont, within the city limits and within walking distance to many amenities. The immediate area offers restaurants, retail, service businesses, motels, and convenience stores. The building is positioned roughly 1.2 miles from I-79, Exit 136. Along Jackson Street, the daily traffic count is 8,718 vehicles per day, according to Esri and Kalibrate Technologies 2023 data.
Key Highlights
- Convenient location in bustling downtown Fairmont with walking distance to many amenities.
- Relatively new gas station tanks and pumps, replaced in Spring 2018.
- High daily traffic count of 8,718 vehicles on Jackson Street.
Local Financial Insights For Retail
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 | $59.9k | $30.00 |
| − Vacancy | −$1.6k | −$0.78 |
| EGI | $58.4k | $29.22 |
| − OpEx | −$17.5k | −$8.77 |
| NOI | $40.8k | $20.45 |
1,997 SF · lease $30.00/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$583.5K
$510.6K – $680.8K
NOI $40,847 @ 7.0% cap · market cap 4.81%
Second Best
Specialty Retail
$277.0K
$242.3K – $323.1K
NOI $19,387 @ 7.0% cap · market cap 2.28%
Theoretical Best
Multifamily LT 5
$12.25M
$10.72M – $14.29M
NOI $857,617 @ 7.0% cap · market cap 101.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gas stations
Similar For Sale Nearby
FAQs
What type of property is this?
Gas station - Gas/service station with building and residential houses in downtown Fairmont.
Where is this gas station located?
The property is located at 414 Corbin Pl Fairmont, WV.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Convenient location in bustling downtown Fairmont with walking distance to many amenities.; Relatively new gas station tanks and pumps, replaced in Spring 2018.; High daily traffic count of 8,718 vehicles on Jackson Street.
