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    Property profile & analytics

    528 Fairmont Ave Fairmont, WV 26554-5102

    • Retail space
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Last Sale
    Oct 13, 2021
    $259,250
    Location Intelligence
    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.

    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 Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $235,000
      6.5%
      $275,000
      7%
      $265,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $240,000
      Geo Method
      $230,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $245,000
      Retail
      $295,000
      Mixed-Use
      $225,000
      Hospitality
      $295,000
      Educational
      $295,000
      Residential Income
      $230,000
      Energy
      $280,000
      Income-Based Land
      $235,000
      Food Service
      $240,000

    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

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    • Value Estimation by Request
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    • Value Estimation by Request
      0.06 Acres

      300 Merchant St

      RETAIL STORES (PERSONAL SERVICES) • 0.06 Acres
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    • Value Estimation
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      0.27 Acres

      1501 Mary Lou Retton Dr

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    • Value Estimation
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    • Value Estimation by Request
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      2050 Boyers Dr

      RETAIL STORES (PERSONAL SERVICES) • 1.28 Acres
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      View Details

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    Fairmont, WV 26554-5102
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    Realmo Value Estimation

    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.

    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.

    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
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