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    Downtown Charles Town Office Space Title is generated by Realmo AI

    121 W WASHINGTON Street, Charles Town, WV 25414

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    For Lease
    $650/Mo $108 SF/Yr (calc)

    CommercialLease - CHARLES TOWN, WV

    Type:Office
    Property size:
    72 SF
    Added:
    Feb 4, 2026
    Days on Market:
    122
    Last Refresh:
    Jun 6 at 6:06 am

    Property Features for 121 W WASHINGTON Street

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking features
    On Street
    Standard status
    Active
    Size
    72 SF

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1890
    Building materials
    Brick

    We can help!

    Listing Contact
    Elizabeth D. McDonald

    Listing agent Elizabeth D. McDonald

    Listing office Dandridge Realty Group, LLC 121 W Washington Street, Charles Town, WV

    Listing date Feb 4, 2026

    MLS# WVJF2021708

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Newly renovated (2024) historic property in downtown Charles Town.
    • Rent includes a private 72 sq ft office with locking door in a busy office environment.
    • Includes full‑time receptionist, conference room, training room, lounge areas, and shared kitchen.
    • All utilities and dedicated fiber Wi‑Fi are included in the rent.
    • Located in a busy downtown business district near coffee shops, restaurants, shops, and the post office.
    • Features central air and heating, reception area, and Wi‑Fi connectivity.

    Overview

    This is a newer renovation completed in 2024 of a historic property located in downtown Charles Town, WV. The available space includes one 72 sq foot private office with a locking door, situated within a busy office environment. The rent covers the private office, access to a full-time receptionist from 8:30 AM to 4:30 PM, a conference room, a training room, several lounge areas, and a shared kitchen. All utilities are included, along with dedicated fiber Wi-Fi. The office is located in a busy downtown business district, with two coffee shops, several restaurants, shops, and the post office within walking distance. The rate includes utilities, building services, and property expenses. Amenities include a fully built-out professional services office suitable for one person, two conference rooms, finished ceilings ranging from 8 to 9 feet, and the space is in excellent condition. It features plug-and-play capabilities, central air and heating, a reception area, Wi-Fi connectivity, full carpeting, drop ceilings, and shower facilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dandridge Realty Group Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charles Town
    County
    Jefferson
    State
    West Virginia
    Longitude
    -77.8607177
    Latitude
    39.2886892

    Nearby Similar for Lease

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      Downtown Charles Town Office Space

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    FAQs

    What type of property is this?
    Office units - Renovated office space with amenities in a historic downtown building.
    Where is this office units located?
    The property is located at 121 W WASHINGTON Street Charles Town, WV.
    What is the lease rate?
    The lease rate is $650 /Mo.
    What are key features of this property?
    This property features: Newly renovated (2024) historic property in downtown Charles Town.; Rent includes a private 72 sq ft office with locking door in a busy office environment.; Includes full‑time receptionist, conference room, training room, lounge areas, and shared kitchen.
    (304) 283-8640
    We can help!
    Listing Contact
    Elizabeth D. McDonald
    Request Owner's contact information
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    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.

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