Commercial Land with Metal
For Sale
$164,900
Pending
3679 Grafton Road, Morgantown, WV 26508
Land, Morgantown, WV
Property Size1,280 SF
Lot Size1.99 Acres
Days on Market72
Property Features for 3679 Grafton Road
General Information
Property type
Land
Property subtype
Other
Directions
Directions: From I-68, take exit 1 towards US-119S, travel 6.9 miles property will be on your left. If you make it to Gladesville Road you've traveled too far.
Standard status
Pending
APN
31-05-0025-0047-0000
Lot size
1.99 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
788
Building Details
Additional Structures
Outbuilding
Listing Agency:
Joe R. Pyle Complete Auction and Realty Service
(304) 592-6000
Listed By:
Jordan Kiger
(304) 592-6000
Added: Jun 19
Changed: Aug 28
Last Checked: Aug 29 at 4:06PM
MLS# 11842212
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial land offering encompasses approximately 1.99 acres and includes a 32-by-40-foot metal building. The property is positioned along US-119 with 210 feet of road frontage, providing a substantial roadside presence.
The offering materials identify storage units, a building lot, and commercial development among the potential concepts for the site. A storage-unit layout is also referenced in the property images. The sale is conducted through an online public auction, with bidding scheduled to end Monday, July 20th at 7PM.
The offering materials identify storage units, a building lot, and commercial development among the potential concepts for the site. A storage-unit layout is also referenced in the property images. The sale is conducted through an online public auction, with bidding scheduled to end Monday, July 20th at 7PM.
Key Highlights
- Approximately 1.99 +/- acres
- 32x40 Metal Building
- 210' Road Front Along US‑119
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,126
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$182,520
$182.5K
Cap Rate 7%
$130,371
$130.4K
Cap Rate 9%
$101,400
$101.4K
Market Conditions
NOI Build-Up for 1,280 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$11.5K $9.00/SF
− Vacancy
−$783 −$0.61/SF
EGI
$10.7K $8.39/SF
− OpEx
−$1.6K −$1.26/SF
NOI
$9.1K $7.13/SF
Area
Monongalia County, WV
Vacancy
6.80%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$182,520
Cap Rate 7%
$130,371
Cap Rate 9%
$101,400
Alternative Uses
Best Use
Warehouse
$130.4K
$114.1K – $152.1K
NOI $9,126 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$369.0K
$322.9K – $430.5K
NOI $25,831 @ 7.0% cap · market cap 15.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 26508, WV
36,907
Population
16,829
Households
2.2
Avg Household Size
37
Median Age
50%
College-Educated
95%
High-School Grad
123.1 sq mi
ZIP Area
300
Density / Sq Mi
$83,247
Median Household Income
$51,072
Median Earnings
$984
Median Rent
$287,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Roadside acreage includes an existing structure and supports several commercial-use concepts described in the offering.
Where is this commercial land located?
The property is located at 3679 Grafton Road Morgantown, WV.
What is the asking price?
The asking price for this property is $164,900.
What are key features of this property?
This property features: Approximately 1.99 +/- acres; 32x40 Metal Building; 210' Road Front Along US‑119
