Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    414 Corbin Pl Fairmont, WV 26554

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-traffic location, great potential.

    Property Features for 414 Corbin Pl

    General Information

    Property type
    Automotive properties
    Lot Size
    35,501 SF

    We can help!

    Listing Contact
    Mark J. Nesselroad
    Mark J. Nesselroad

    Listing Agency: Black Diamond Realty Listing Agent: Mark J. Nesselroad

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

    Learn more

    Property Insight Report

    Overview

    This prime Fairmont, WV retail property, located at 414 Corbin Pl, offers a unique investment opportunity. The 0.815-acre lot features a 1,997 square foot building, formerly a gas and service station, with relatively new (2018) tanks and pumps. Two residential houses and a storage building are also on the site, requiring demolition. The property benefits from its central location in downtown Fairmont, within walking distance of numerous amenities and approximately 1.2 miles from I-79, Exit 136. The high-traffic area boasts 8,718 vehicles daily on nearby Jackson Street (Esri, Esri and Kalibrate Technologies 2023 data). Surrounding businesses include restaurants, retail shops, service businesses, motels, and convenience stores. The property is zoned CC-City Center, presenting versatile redevelopment potential. Asking price: $950,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fairmont
    County
    Marion
    State
    West Virginia
    Longitude
    -80.1437809
    Latitude
    39.4859286

    Nearby Similar for Sale

    • $99,000
      0.58 Acres

      Former Car Wash in Fairmont

      Car wash structure present, not operational, zoned City Center.
      00 Diamond St, Fairmont, WV 26554
      View Details
    • $699,000
      12,800 SF

      Fairmont Event Venue For Sale

      Premier wedding and event venue with high visibility and traffic.
      801 E Park Ave, Fairmont, WV 26554
      View Details
    • $94,900
      1,878 SF

      Fairmont Mixed-Use Business Opportunity

      Mixed-use property in high-traffic area with rental income potential.
      209 Fairmont Ave, Fairmont, WV 26554
      View Details
    • $349,000
      4,203 SF

      Fairmont Mixed-Use Commercial Property

      Downtown Fairmont mixed-use property with office and warehouse space.
      210 E Park Ave, Fairmont, WV 26554
      View Details
    • $375,000
      6,500 SF

      Downtown Office Building with Garage

      Commercial office building with parking garage in downtown Fairmont, WV.
      104 Adams St, Fairmont, WV 26554
      View Details
    • $134,900
      768 SF

      Commercial Garage Near I-79

      Commercial garage/building with potential for business or office space.
      36 Stoney Rd, Fairmont, WV 26554
      View Details
    • $176,000
      1,564 SF

      Fairmont Garage with Office Space

      Garage with office, bathroom, and storage, ideal for automotive businesses.
      1171 Pleasant Valley Rd, Fairmont, WV 26554
      View Details
    • $215,000

      Fairmont Specialty Property for Sale

      Specialty property available for purchase in Fairmont, West Virginia.
      1567 Mary Lou Retton Dr, Fairmont, WV 26554
      View Details
    • $450,000
      6,500 SF

      Fairmont Office Building - Great Investment

      6,500 sq ft Office Building, 0.17 Acres
      104 Adams St, Fairmont, WV 26554
      View Details
    • $875,000
      12,800 SF

      Merchant Street Portfolio: Fairmont, WV

      Prime Retail Portfolio: High-Traffic Location
      307 Merchant St, Fairmont, WV 26554
      View Details
    • $450,000
      1,562 SF

      Fairmont Avenue Commercial Property

      Prime Fairmont location, 1562 sq ft building.
      726 Fairmont Ave, Fairmont, WV 26554
      View Details
    • Contact for pricing

      Fairmont Rental Property Near University

      Rental property near Fairmont State University with recent renovations.
      605 Walnut Ave, Fairmont, WV 26554
      View Details

    FAQs

    What type of property is this?
    Automotive property - High-traffic location, great potential.
    Where is this automotive property located?
    The property is located at 414 Corbin Pl Fairmont, WV.
    What is the asking price?
    The asking price for this property is $950,000.
    (304) 413-4350 Call to check price and availability
    Request Owner's contact information
    414 Corbin Pl Fairmont, WV 26554
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    414 Corbin Pl
    Fairmont, WV 26554
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    414 Corbin Pl Fairmont, WV 26554
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mark J. Nesselroad
    Mark J. Nesselroad
    Real Estate License ID: WV0029167
    (304) 413-4350
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!