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

    1008 Winchester Ave Martinsburg, WV 25401

    View on Map
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $389,900

    Turnkey commercial office building on high-traffic Winchester Avenue.

    Property size:
    2,009 SF
    Lot size:
    0.58 Acres

    Property Features for 1008 Winchester Ave

    General Information

    Standard status
    Active
    Zoning
    C
    Size
    2,009 SF
    Lot size
    0.58 Acres

    Building Details

    Year built
    1981

    We can help!

    Listing Contact
    Butch Cazin
    Butch Cazin
    Source: Crexi

    Listing Agency: Long & Foster Real Estate, Inc. Martinsburg Foxcroft Listing Agent: Butch Cazin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Renovated Office Building on Winchester

    This fully renovated, turnkey commercial office building is located on highly visible Winchester Avenue (Route 11) in Martinsburg, West Virginia. The former medical office provides flexible professional office space suitable for medical, dental, legal, or general office use. The layout features 5 private offices, a conference room, a receptionist area, a copy room (previously reception), a kitchenette, a utility room, and storage space. The property is handicap accessible. Situated on a high-traffic corridor with an annual average daily traffic count of 9,968 in 2023 just north of the property, the location offers exposure and accessibility. A private on-site parking lot provides 13 spaces. The property is ideal for owner-users or investors seeking a move-in ready commercial property in Martinsburg.
    Location Intelligence

    Current Use by Public Records

    Homespire Mortgage Loan Service Dave Mellott - Homespire ... Loan Service Kendell Burke - Homespire ... Loan Service Dermatology Associates Physician Dr. Frederick G. ... Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinsburg
    County
    Berkeley
    State
    West Virginia
    Longitude
    -77.9798245
    Latitude
    39.446734

    Nearby Similar for Sale

    • $389,900
      0.58 Acres

      Renovated Office Building on Winchester

      Turnkey commercial office building on highly visible Winchester Avenue.
      1008 Winchester Ave, Martinsburg, WV 25401
      View Details
    • $234,900
      0.03 Acres

      Downtown Martinsburg Commercial Opportunity

      Updated commercial space in downtown Martinsburg, suitable for various businesses.
      121 N College St, Martinsburg, WV 25401
      View Details
    • $550,000
      1.39 Acres

      Medical Office Space Near Hospital

      Prime medical office space near hospital and commuter routes.
      176 Health Care Ln, Martinsburg, WV 25401
      View Details
    • $899,900

      Commercial Property with Three Buildings

      High-traffic commercial property featuring three buildings on 0.90 acres.
      1886 Winchester Ave, Martinsburg, WV 25405
      View Details
    • New
      $274,900
      2,188 SF

      Martinsburg Duplex: Investor Special

      High-yield, fully occupied duplex in Martinsburg with strong rental history.
      517- S Kentucky Ave, Martinsburg, WV 25401
      View Details
    • $160,000
      1,762 SF

      Martinsburg Colonial Duplex Opportunity

      Vacant duplex with income potential, ready for renovation.
      706 W King St, Martinsburg, WV 25401
      View Details
    • $684,900

      Martinsburg Commercial Property on Winchester

      Prime commercial property with high visibility and flexible space options.
      310 Winchester Ave, Martinsburg, WV 25401
      View Details
    • $370,000
      3,504 SF

      Martinsburg Multifamily Investment Opportunity

      Four-unit multifamily property in Martinsburg, fully occupied with leases.
      535-537 Roundhouse Way, Martinsburg, WV 25404
      View Details
    • $475,000

      Historic Downtown Martinsburg Icon

      Historic building in downtown Martinsburg with retail and office space.
      134 S Queen St, Martinsburg, WV 25401
      View Details
    • $599,900
      Pending

      Martinsburg Commercial Property For Sale

      Turn-key commercial property in high-traffic area, ideal for salon/spa.
      1864 Winchester Ave, Martinsburg, WV 25405
      View Details
    • $999,900

      Turn-Key Restaurant Near I-81

      Restaurant property with equipment, high-traffic location near I-81.
      702 Warm Springs Ave, Martinsburg, WV 25401
      View Details
    • $650,000

      Martinsburg Commercial Building For Sale

      6,600 sq ft commercial building suitable for retail, office, mixed-use.
      824 N Queen St, Martinsburg, WV 25404
      View Details

    FAQs

    What type of property is this?
    Office building - Turnkey commercial office building on high-traffic Winchester Avenue.
    Where is this office building located?
    The property is located at 1008 Winchester Ave Martinsburg, WV.
    What is the asking price?
    The asking price for this property is $389,900.
    What are key features of this property?
    This property features: - Fully renovated, turnkey commercial office building, ready for immediate occupancy.; - High-visibility location on Winchester Ave (Rt. 11) with significant traffic (AADT 9,968).; - Flexible layout suitable for medical, dental, legal, or general office use, including 5 private offices and a conference room.
    (304) 279-3863
    Request Owner's contact information
    1008 Winchester Ave Martinsburg, WV 25401
    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.
    1008 Winchester Ave
    Martinsburg, WV 25401
    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
    1008 Winchester Ave Martinsburg, WV 25401
    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

    We can help!
    Listing Contact
    Butch Cazin
    Butch Cazin
    Real Estate License ID: WV0015220
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!