Add Listing
    For Sale
    • 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

    1929 Mason Dixon Highway Core, WV 26541

    View on Map
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $529,850

    Business - Core, WV

    Type:Business
    Property size:
    4,500 SF
    Lot size:
    17.17 Acres
    Added:
    Mar 30, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 1929 Mason Dixon Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Zoning
    None
    Parking features
    Paved or Surfaced
    Interior features
    Public Restrooms
    Exterior features
    Crawl Space
    Appliances
    None
    Standard status
    Active
    Size
    4,500 SF
    Lot size
    17.17 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    3196

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    1996
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Tile, Vinyl
    Building materials
    Frame
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    LAURA WALKER

    Listing agent LAURA WALKER License #WV0017316

    Listing office J.S. WALKER ASSOCIATES 148 Fayette Street, Morgantown, WV

    Listing date Mar 30, 2026

    MLS# 10163966 Listing URL

    Copyright © 2026 North Central West Virginia Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Office Building with Acreage

    This one-story office building, totaling 4,500 square feet, is suitable for a growing medical, veterinary, or dental practice, as well as oil and gas or construction businesses. It can also serve as a staging area for development projects in north-central West Virginia or for residential development. The building features examination and laboratory rooms (10), a reception/waiting room, offices of various sizes (5), a large conference room, and three bathrooms, along with a nurse’s station, mechanical room, and additional finished expansion area. A paved parking lot with 40 spaces is included. The property encompasses 17.17 acres, with northern and southern parcels of approximately 5 acres each, suitable for developing storage units, warehouse or equipment storage, a lay-down yard for the oil & gas industry, or residential development. Its location provides convenient access to Morgantown (6.2 miles) and North-Central WV (6.5 miles to I-79) employment and services. The property is ready for purchase and occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lab Corporation Medical Laboratory Mon Health Primary ... Medical Clinic Gabrielle D. Sakellarides, ... Pediatrician Core Health Care: ... Physician Leandrea Tzitzicas, MSN, ... Physician

    Map

    City
    Core
    County
    Monongalia
    State
    West Virginia
    Longitude
    -80.1008326
    Latitude
    39.6718735

    FAQs

    What type of property is this?
    Medical Office Space - Functional office building with acreage, suitable for various purposes.
    Where is this medical office space located?
    The property is located at 1929 Mason Dixon Highway Core, WV.
    What is the asking price?
    The asking price for this property is $529,850.
    What are key features of this property?
    This property features: Versatile 4,500 sq ft office building suitable for various businesses.; Includes 17.17 acres with approximately 10 acres suitable for storage units, warehouse, equipment storage, or residential development.; Conveniently located 6.2 miles from Morgantown and 6.5 miles from I‑79.
    (304) 288-4880
    We can help!
    Listing Contact
    LAURA WALKER
    Real Estate License ID: WV0017316
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!