Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fairmont Land with Development Potential Title is generated by Realmo AI

    Cleveland Avenue, Fairmont, WV 26554

    View on Map
    Claim this Listing
    For Sale
    $72,500

    LAND - Fairmont, WV

    Lot size:
    14.13 Acres
    Added:
    Feb 8, 2026
    Days on Market:
    111
    Last Refresh:
    May 30 at 9:06 am

    Property Features for Cleveland Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Neighborhood Residential
    Standard status
    Active
    Lot size
    14.13 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    14.13 AC GREENBRIER PLAZA
    Tax Annual Amount
    1766

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    ELIZA ALEXANDER

    Listing agent ELIZA ALEXANDER License #WV0026632

    Listing office J.S. WALKER ASSOCIATES 148 Fayette Street, Morgantown, WV

    Listing date Feb 8, 2026

    MLS# 10160712 Listing URL

    Copyright © 2026 North Central West Virginia Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Nearly 15 acres suitable for development or building.
    • Easily accessible via multiple roads (Bonasso Drive, Cacapon Circle, Cleveland Avenue).
    • Gorgeous daily mountain sunset views.
    • Water Available.
    • Picturesque building lot.
    • Development potential.

    Overview

    This property offers endless possibilities on nearly 15 acres, suitable for development or a picturesque building lot. It is easily accessible by Bonasso Drive, Cacapon Circle, or Cleveland Avenue, providing multiple options for access. The property is located in Fairmont, WV. The lot size is 14.13 acres. The zoning is Neighborhood Residential. The property offers the potential for daily mountain sunset views. It is located in Marion County.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Fairmont
    County
    Marion
    State
    West Virginia
    Longitude
    -80.142578
    Latitude
    39.485084

    Nearby Similar for Sale

    • $600,000
      12,800 SF

      Premier Event Venue in Fairmont

      Turnkey wedding and event venue with high visibility.
      801 E Park Avenue, Fairmont, WV 26554
      View Details
    • $884,400

      Fairmont Land For Commercial Use

      Cleared land suitable for commercial development near Interstate 79.
      Middletown Road, Fairmont, WV 26554
      View Details
    • $114,000
      2,203 SF

      Historic Triplex in Fairmont, WV

      Charming triplex with architectural details and investment potential.
      238 Watson Avenue, Fairmont, WV 26554
      View Details
    • $114,000
      2,420 SF

      Fairmont Multi-Unit Investment Opportunity

      Partially rented 3-unit property with income potential in Fairmont, WV.
      232 Watson Avenue, Fairmont, WV 26554
      View Details
    • $1,200,000

      Unrestricted Land Near Interstate I-79

      22.8 acres of commercial land near I-79 in Fairmont, WV.
      16 Meadowdale Road lot: 8 Meadowdale Rd, Fairmont, WV 26554
      View Details
    • $111,000
      2,404 SF

      Charming Triplex in Fairmont, WV

      Triplex with classic charm and strong potential for investors.
      229 Watson Avenue, Fairmont, WV 26554
      View Details
    • $135,000
      2,184 SF

      Fairmont Multifamily Property For Sale

      Multifamily property with two units near FSU.
      1005 Locust Avenue, Fairmont, WV 26554
      View Details
    • $79,900
      1,572 SF

      Fairmont Commercial Building For Sale

      Commercial building with food service potential in Fairmont, West Virginia.
      417 Pennsylvania Avenue, Fairmont, WV 26554
      View Details
    • $1,842,000

      Fairmont Land For Sale

      24.56 acre parcel suitable for development near I-79.
      Middletown Road, Fairmont, WV 26554
      View Details
    • $499,000

      27.3 Acre Residential Development Land

      27.3 acre wooded parcel optimal for residential development.
      Fairmont Avenue, Fairmont, WV 26554
      View Details
    • $124,900

      Residential Land in Canterbury Woods

      5.12 +/- acres for residential development near Middletown Mall.
      0 Ashbury Lane, Fairmont, WV 26554
      View Details
    • $4,600,000

      Prime Commercial Land I-79 Frontage

      15-acre commercial land with high visibility and interstate frontage.
      100, 101 LANDING LN AT PLEASANT VALLEY RD, Fairmont, WV 26554
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 14.13 acres suitable for development or building a home.
    Where is this residential land & home lot located?
    The property is located at Cleveland Avenue Fairmont, WV.
    What is the asking price?
    The asking price for this property is $72,500.
    What are key features of this property?
    This property features: Nearly 15 acres suitable for development or building.; Easily accessible via multiple roads (Bonasso Drive, Cacapon Circle, Cleveland Avenue).; Gorgeous daily mountain sunset views.
    (610) 564-0611
    We can help!
    Listing Contact
    ELIZA ALEXANDER
    Real Estate License ID: WV0026632
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    Cleveland Avenue, Fairmont, WV 26554
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!