Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    Speedway Ave Fairmont, WV 26554

    • Land
    • 1 SF
    • 23.70 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Speedway Ave

    Lot size
    23.70 lot acres
    Property size
    1 SF
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 23.7-acre industrial land parcel presents a rare opportunity in Fairmont, West Virginia. Strategically located at the intersection of Speedway Avenue/King Street and Speedway Avenue/Hess Court, this property boasts unparalleled accessibility. Situated less than half a mile from I-79, Exit 137, it offers seamless connectivity to major transportation routes. The entire site, encompassing 23.7 acres, is zoned for industrial use and falls within Fairmont city limits. The land's topography features two distinct levels. The outer shelf, bordering Speedway Avenue, includes two potential building pads that could be combined for a larger development. The inner shelf, previously occupied by Owens-Illinois, offers additional development possibilities. This single-tenant property is ideal for businesses seeking a large, readily accessible site in a thriving industrial area. The property's location and zoning make it suitable for a wide range of industrial uses. With its convenient access to I-79 and its substantial size, this property represents a significant investment opportunity in a rapidly growing region. The property is located at Speedway Ave, Fairmont, WV 26554, in Marion County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fairmont
    County
    Marion
    State
    West Virginia
    Longitude
    -80.11
    Latitude
    39.4832

    Comparable in this City

    • Value Estimation by Request
      21.86 Acres

      101 Stoney Rd

      Land • 21.86 Acres
      101 Stoney Rd, Fairmont, WV 26554
      View Details
    • Value Estimation by Request
      23.70 Acres

      Speedway Ave

      Land • 23.70 Acres
      0 Speedway Ave, Fairmont, WV 26554
      View Details
    • Value Estimation by Request
      1.76 Acres

      2500 Us-250

      Land • 1.76 Acres
      2500 Us-250, Fairmont, WV 26554
      View Details
    • Value Estimation by Request
      0.74 Acres

      300 Quincy St

      PRINTING, PUBLISHING (LIGHT INDUSTRIAL) • 0.74 Acres
      300 Quincy St, Fairmont, WV 26554-3136
      View Details
    • Value Estimation by Request
      0.46 Acres

      1 Jo Harry Rd

      Land • 0.46 Acres
      1 Jo Harry Rd, Fairmont, WV 26554
      View Details
    • Value Estimation by Request

      250/20 Co Rd

      Land
      250/20 Co Rd, Fairmont, WV 26554
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23.70 Acres

      Speedway Business Park: Fairmont, WV

      Prime Industrial Land: I-79 Access, 23.7 Acres
      0 Speedway Ave, Fairmont, WV 26554
      View Details
    • $1,335,840
      111.32 Acres

      111 Acres Fairmont, WV Land

      Prime WV Commercial/Residential Land
      265 Middletown Rd, Fairmont, WV 26554
      View Details
    • New
      $49,900
      1.38 Acres

      Land in Fairmont, WV

      1.38 acres in Marion County, West Virginia.
      2107 Parkview Dr, Fairmont, WV 26554
      View Details
    • $599,000
      2.60 Acres

      Fairmont Commercial Land - 2.6 Acres

      Prime Fairmont location, I-79 visibility. Development ready.
      18 Herald Dr, Fairmont, WV 26554
      View Details
    • $199,500
      4.13 Acres

      Speedway BP Land - Fairmont, WV

      4.13-Acre Commercial/Residential Lot
      0 Indiana Ave, Fairmont, WV 26554
      View Details
    • $249,000
      0.86 Acres

      Fairmont Commercial Land - $249K

      0.86-acre commercial lot, prime location.
      0 Stoney Rd, Fairmont, WV 26554
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Fairmont Industrial Land - 23.7 Acres

      Prime Fairmont industrial land, excellent I-79 access.
      0 Speedway Ave, Fairmont, WV 26554
      View Details
    • $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
    • Sponsored
      New
      Contact for pricing

      WV, White Hall - Middletown Commons

      Workspaces, services and support to help you work better in Colonnade
      2600 Middletown Cmns, White Hall, WV 26554
      View Details
    • $19 SF/Yr
      18,241 SF

      Mon Health Hub Office Space

      White Hall medical/executive office suites
      0 1St St, Fairmont, WV 26554
      View Details
    • $9 SF/Yr
      6,033 SF

      White Hall Office Space Available

      Flexible Offices, Coworking & More
      2600 Middletown Cir, White Hall, WV 26554
      View Details
    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.
    Speedway Ave
    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
    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

    Google sign-in failed. Please try again or use another login method.