Fairmont Restaurant Space For
For Sale
Contact for pricing
1111 Fairmont Avenue, Fairmont, WV 26554
Restaurant space with high visibility and outdoor seating area.
Property Size3,712 SF
Price / SF$160.29
Days on Market742
Property Features for 1111 Fairmont Avenue
General Information
Standard status
Active
Size
3,712 SF
Total Parking Spaces
20
Property subtype
Retail, Office
Building Details
Year Built
1951
Buildings
1
Stories
2
Listing Agency:
Black Diamond Realty
Listed By:
David Lorenze, CCIM, SIOR, Principal & Associate Broker · License #WV0025501
Source:
Crexi
Added: Sep 3, 2024
Changed: Sep 12
Last Checked: Sep 13 at 5:17AM
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 property offers an opportunity to own 3,712 square feet of restaurant space. The property is located on a corner lot, offering high visibility and easy access. The interior provides ample space for hosting events, parties, and large gatherings. A newer 48 x 22 rear deck provides an outdoor seating area. The sale includes two lots: one lot houses the restaurant, and the other is a dedicated parking area. The property is located inside the city limits of Fairmont and is within walking distance to many amenities. The building is positioned roughly 3 miles from I-79, Exit 136. Along Fairmont Avenue there is a daily traffic count of 12,468 vehicles per day.
Key Highlights
- High‑visibility corner lot location on Fairmont Avenue.
- Includes dedicated parking area.
- Expansive 3,712 (+\/-) sq ft restaurant space suitable for events and large gatherings.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,037
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$720,740
$720.7K
Cap Rate 7%
$514,814
$514.8K
Cap Rate 9%
$400,411
$400.4K
Market Conditions
NOI Build-Up for 3,712 SF
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.
Gross rent
$51.2K $13.80/SF
− Vacancy
−$3.2K −$0.86/SF
EGI
$48.0K $12.94/SF
− OpEx
−$12.0K −$3.24/SF
NOI
$36.0K $9.71/SF
Area
Marion County, WV
Vacancy
6.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$720,740
Cap Rate 7%
$514,814
Cap Rate 9%
$400,411
Alternative Uses
Best Use
Specialty Retail
$514.8K
$450.5K – $600.6K
NOI $36,037 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$22.77M
$19.93M – $26.57M
NOI $1,594,129 @ 7.0% cap · market cap 267.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
93k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 33%
Groceries 7%
Electronics 6%
Sheetz
Shops & Services
29,683 visits/mo
0.3 miles
McDonald's
Dining
20,668 visits/mo
0.3 miles
Burger King
Dining
10,580 visits/mo
0.5 miles
Dunkin' Donuts
Dining
9,962 visits/mo
0.3 miles
Shop 'n Save
Groceries
6,641 visits/mo
0.0 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space with high visibility and outdoor seating area.
Where is this conventional restaurant located?
The property is located at 1111 Fairmont Avenue Fairmont, WV.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: High‑visibility corner lot location on Fairmont Avenue.; Includes dedicated parking area.; Expansive 3,712 (+\/-) sq ft restaurant space suitable for events and large gatherings.
