Medical Office with In-Office
For Sale
$1,250,000
1001 Sushruta Drive, Martinsburg, WV 25401
Existing office layout includes customer and staff entrances, on-site parking, and convenient access to Interstate 81.
Property Size4,056 SF
Price / SF$308.19
Days on Market303
Property Features for 1001 Sushruta Drive
General Information
Standard status
Active
Size
4,056 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$9,434
Amenities
Heat Pump
3
Laminate, Carpet
Composition Shingle
353
Parking.
Lot.
Building Details
Year Built
2000
Listing Agency:
Whitetail Properties Real Estate, LLC
(540) 622-7945
Listed By:
Jeffrey Baggarly · License #WVS220302215
(540) 622-7945
Source:
Xome
Added: Nov 1, 2025
Changed: Aug 29
Last Checked: Aug 29 at 9:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Whitetail Properties Real Estate, LLC
Investment Insights
Based on property information with market context.
This 4,056-square-foot medical office property, built in 2000, provides a functional layout for professional medical operations. Five offices include sinks, while four bathrooms are distributed throughout the building. Front and rear entrances support separate arrival points, with rear access connecting to kitchen and office areas. Heating is provided by natural gas, and three air-conditioning units serve the property.
The building is located in Martinsburg at 1001 Sushruta Drive, approximately one-half mile from Interstate 81. A paved parking area at the rear accommodates customers and employees. Interior finishes include laminate and carpet, with a composition shingle roof noted among the exterior features.
The building is located in Martinsburg at 1001 Sushruta Drive, approximately one-half mile from Interstate 81. A paved parking area at the rear accommodates customers and employees. Interior finishes include laminate and carpet, with a composition shingle roof noted among the exterior features.
Key Highlights
- 4,056‑square‑foot medical office property built in 2000
- Five offices equipped with sinks
- Four bathrooms throughout the building
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
$39,242
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
3.14%
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%
$784,840
$784.8K
Cap Rate 7%
$560,600
$560.6K
Cap Rate 9%
$436,022
$436.0K
Market Conditions
NOI Build-Up for 4,056 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
$60.8K $15.00/SF
− Vacancy
−$8.5K −$2.10/SF
EGI
$52.3K $12.90/SF
− OpEx
−$13.1K −$3.23/SF
NOI
$39.2K $9.68/SF
Area
Berkeley County, WV
Vacancy
14.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$784,840
Cap Rate 7%
$560,600
Cap Rate 9%
$436,022
Alternative Uses
Best Use
Office B
$560.6K
$490.5K – $654.0K
NOI $39,242 @ 7.0% cap · market cap 3.14%
Second Best
Healthcare Medical
$478.2K
$418.4K – $557.9K
NOI $33,474 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$734.3K
$642.5K – $856.6K
NOI $51,398 @ 7.0% cap · market cap 4.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
805
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 25401, WV
15,086
Population
6,841
Households
2.2
Avg Household Size
38
Median Age
23%
College-Educated
86%
High-School Grad
5.8 sq mi
ZIP Area
2,601
Density / Sq Mi
$49,157
Median Household Income
$33,147
Median Earnings
$1,014
Median Rent
$221,500
Median Home Value
Market
Vacancy Rate% for Office 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?
Medical Office Space - Existing office layout includes customer and staff entrances, on-site parking, and convenient access to Interstate 81.
Where is this medical office space located?
The property is located at 1001 Sushruta Drive Martinsburg, WV.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 4,056‑square‑foot medical office property built in 2000; Five offices equipped with sinks; Four bathrooms throughout the building
