Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    528 Fairmont Ave Fairmont, WV 26554-5102
    Back to Search
    Property profile & analytics

    528 Fairmont Ave Fairmont, WV 26554-5102

    View on Map
    • Retail space
    • 0.16 lot acres
    Off-Market
    Last Sale Oct 13, 2021
    $259,250
    Property ID
    US94-0338216
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 528 Fairmont Ave

    Lot size
    0.16 lot acres
    Property type
    Retail space
    APN
    24-03- 3-0206.0000
    APU
    2403302060000

    Description

    This exceptional investment opportunity presents a 4,200 square foot freestanding retail building located at 528 Fairmont Ave, Fairmont, WV 26554. The property boasts a strong 6.00% cap rate, generating a net operating income (NOI) of $15,301. Currently leased to PPG Paints, a Fortune 500 company and global leader in paints and coatings, under a Net Net lease expiring January 30, 2029 (4.5 years remaining). The asking price is $255,017, translating to $60.72 per square foot. This single-tenant property benefits from a highly visible location on Fairmont Ave, with over 15,000 vehicles passing daily. The site enjoys excellent demographics, situated within a 3-mile radius of a population exceeding 27,600 residents. Its proximity to Fairmont State University and Fairmont Medical Center further enhances its appeal. The current rent of $3.78 per square foot is significantly below market value, presenting a potential for substantial rent increases upon lease renewal, as the tenant has no remaining options. The 0.16-acre lot provides ample space for this established business. This is a rare opportunity to acquire a stable, high-performing retail investment in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fairmont
    County
    Marion
    State
    West Virginia
    Longitude
    -80.1494
    Latitude
    39.4782
    CBSA code
    21900
    CBSA name
    FAIRMONT, WV MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,920
    $58,500
    $73,440
    $131,940
    -
    $97,500
    $122,400
    $219,900

    Comparable in this City

    • Value Estimation by Request
      17.69 Acres

      2025 Pleasant Vly Rd

      RETAIL STORES (PERSONAL SERVICES) • 17.69 Acres
      2025 Pleasant Vly Rd, Fairmont, WV 26554-9388
      View Details
    • Value Estimation by Request
      0.30 Acres

      400 Fairmont Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.30 Acres
      400 Fairmont Ave, Fairmont, WV 26554
      View Details
    • Value Estimation by Request
      0.06 Acres

      300 Merchant St

      RETAIL STORES (PERSONAL SERVICES) • 0.06 Acres
      300 Merchant St, Fairmont, WV 26554-6364
      View Details
    • Value Estimation by Request
      0.27 Acres

      1501 Mary Lou Retton Dr

      RETAIL STORES (PERSONAL SERVICES) • 0.27 Acres
      1501 Mary Lou Retton Dr, Fairmont, WV 26554-2203
      View Details
    • Value Estimation by Request
      0.04 Acres

      310 Adams St

      RETAIL STORES (PERSONAL SERVICES) • 0.04 Acres
      310 Adams St, Fairmont, WV 26554-3104
      View Details
    • Value Estimation by Request
      1.28 Acres

      2050 Boyers Dr

      RETAIL STORES (PERSONAL SERVICES) • 1.28 Acres
      2050 Boyers Dr, Fairmont, WV 26554-8475
      View Details

    Similar Nearby for Sale

    • $84,900
      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
    • $875,000
      12,800 SF

      Merchant Street Portfolio: Fairmont, WV

      Prime Retail Portfolio: High-Traffic Location
      307 Merchant St, Fairmont, WV 26554
      View Details
    • $225,000
      2,800 SF

      Fairmont Retail Building For Sale

      2,800 SF retail building with strong anchor tenant.
      307 Merchant St, Fairmont, WV 26554
      View Details
    • $299,900
      5,700 SF

      1314 Morgantown Ave, Fairmont, WV 26554

      Retail properties & Spaces • 5,700 SF
      1314 Morgantown 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

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Retail/Mixed-Use Space Available

      6,200 sq ft retail/mixed-use space in developing area.
      9685 Mall Loop, Fairmont, WV 26554
      View Details
    • $12 SF/Yr

      Two-Story Bank Building Available

      Two-story bank building for rent at Adams Street.
      103 Adams St, Fairmont, WV 26554
      View Details
    • Contact for pricing

      Fairmont Garage Space For Lease

      Lower-level garage space ideal for automotive, service, or light industrial.
      3466 Fairmont Ave, Fairmont, 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
    • $15 SF/Yr
      83,813 SF

      I-79 Technology Park Office Suites

      Office suites available in I-79 High Technology Corridor.
      5000 Nasa Blvd, Fairmont, WV 26554
      View Details
    • Sponsored
      Contact for pricing

      WV, White Hall - Middletown Commons

      Workspaces, services and support to help you work better in AZ, Tempe - W 14th St
      2600 Middletown Cmns, 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.
    528 Fairmont Ave
    Fairmont, WV 26554-5102
    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
    528 Fairmont Ave, 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!