Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    677 Fairmont Rd Morgantown, WV 26501-4000
    Back to Search
    Property profile & analytics

    677 Fairmont Rd, Morgantown, WV 26501-4000

    View on Map
    • Investment properties
    • 0.30 lot acres
    Off-Market
    Last Sale Mar 14, 2023
    $475,000
    Property ID
    US94-0337252
    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
    $500,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 677 Fairmont Rd

    Lot size
    0.30 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    31-19- 7-0274.0000
    APU
    3119702740000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 14, 2023 $475,000 Round Table Development LLC R3 Holdings LLC Deed $428k · R3 Holdings LLC
    Mar 25, 2021 $400,000 R3 Holdings LLC A & M Rentals LLC Deed $403k · Bcbank INC
    Sep 7, 2011 $400 A & M Rentals LLC H & J Ents LLC Grant Deed · related $400k · Centra Bank INC
    Mar 10, 2010 — Owner Name Unavailable Owner Name Unavailable Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $525,000
      ML approach
      $530,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Morgantown
    County
    Monongalia
    State
    West Virginia
    Longitude
    -79.9741
    Latitude
    39.6323
    CBSA code
    34060
    CBSA name
    MORGANTOWN, WV METROPOLITAN 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
    2024
    $6,037
    $107,940
    $121,500
    $229,440
    -
    $179,900
    $202,500
    $382,400

    Comparable in this City

    • Value Estimation by Request
      1,392 SF

      Route

      OFFICE/RESIDENTIAL (MIXED USE)
      Route, Morgantown, WV 26501
      View Details
    • Value Estimation by Request
      2,112 SF

      200-202 Ctr St

      OFFICE/RESIDENTIAL (MIXED USE)
      200-202 Ctr St, Westover, WV 26501
      View Details
    • Value Estimation by Request
      0.08 Acres

      300 Barrickman St

      OFFICE/RESIDENTIAL (MIXED USE)
      300 Barrickman St, Morgantown, WV 26501-6451
      View Details
    • Value Estimation by Request
      0.05 Acres

      462 Dunkard Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      462 Dunkard Ave, Westover, WV 26501-4164
      View Details
    • Value Estimation
      $860,000
      0.23 Acres

      990 Fairmont Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      990 Fairmont Rd, Morgantown, WV 26501-2249
      View Details
    • Value Estimation by Request
      0.10 Acres

      179 Holland Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      179 Holland Ave, Westover, WV 26501-4352
      View Details

    Similar Nearby for Sale

    • $1,625,000
      12,477 SF

      Historic Morgantown Mixed-Use Property

      Fully leased mixed-use property with restaurant and apartments in Morgantown.
      156 Clay St, Morgantown, WV 26501
      View Details
    • Contact for pricing

      Prime Land Near University Town

      1.32-acre cleared site near I-79 and University Town Center.
      828 Fairmont Rd, Morgantown, WV 26501
      View Details
    • $700,000
      5,180 SF

      Morgantown Mixed-Use Corner Lot

      Commercial building on busy corner lot, suitable for various businesses.
      1433 Dorsey Ave, Morgantown, WV 26501
      View Details
    • Contact for pricing
      5,180 SF

      Morgantown Commercial Building For Sale

      Commercial building in Morgantown, suitable for office or retail.
      1433 Dorsey Ave, Morgantown, WV 26501
      View Details
    • $150,000
      3,668 SF

      Mixed-Use Property in Morgantown, WV

      Three storefronts and two apartments in Morgantown, West Virginia.
      444 Scotts Run Rd, Morgantown, WV 26501
      View Details
    • $339,900
      3,900 SF

      Downtown Morgantown Mixed-Use Investment

      Income-producing property with commercial space and renovated apartments.
      78 Kingwood St, Morgantown, WV 26501
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      University Town Centre Land Lease

      Commercial land available for lease in University Town Centre.
      1 University Town Centre Dr, Westover, WV 26501
      View Details
    • Contact for pricing

      Warehouse with Overhead Doors

      Warehouse space featuring overhead doors and convenient location.
      93 Bierer Ln, Morgantown, WV 26501
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space in Morgantown

      Retail space available in Morgantown, West Virginia.
      100 Sesame Dr, Morgantown, WV 26501
      View Details
    • Contact for pricing

      Morgantown Wharf District Office Building

      Eight-story office building in Morgantown's Wharf District.
      48 Donley St, Morgantown, WV 26501
      View Details
    • Contact for pricing
      30,381 SF

      Retail Space for Sublease

      Retail space available for sublease in Morgantown, WV.
      5200 Gtwy Dr, Morgantown, WV 26501
      View Details
    • Contact for pricing
      8,408 SF

      Retail Space Available in Morgantown

      Retail property available for lease in Morgantown, West Virginia.
      100 Fieldview Ave, Morgantown, WV 26501
      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.
    677 Fairmont Rd
    Morgantown, WV 26501-4000
    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
    677 Fairmont Rd, Morgantown, WV, 26501
    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!