Morgantown Commercial Property For
For Sale
Contact for pricing
1053 Maple Dr, Morgantown, WV 26505
Commercial property in high-demand location, 70% occupied.
Property Size11,600 SF
Price / SF$254.31
Days on Market734
Property Features for 1053 Maple Dr
General Information
Standard status
Active
Size
11,600 SF
Class
B
Total Parking Spaces
44
Property subtype
Mixed Use, Office, Retail
Zoning
Neighborhood Commercial
Occupancy
70%
Investment Type
Net Lease
Building Details
Year Built
2020
Buildings
1
Stories
2
Listing Agency:
Petroplus & Associates, Inc.
Listed By:
Samuel Bossio · License #WV 0025067
(304) 594-0115
Source:
Crexi
Added: Oct 3, 2024
Changed: Sep 23
Last Checked: Oct 5 at 6:01PM
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 Petroplus & Associates, Inc.
Investment Insights
Based on property information with market context.
Located at 1053 Maple Drive in Morgantown, WV, this commercial property presents a for-sale investment opportunity. The property is situated in the Evansdale/Suncrest area, between Ruby Memorial Hospital and Mon General Hospital. Currently, the property is 70% occupied. The building offers versatile space, suitable for a range of commercial uses. With established tenants already in place, this property offers the potential for additional income.
Key Highlights
- Strategically located between Ruby Memorial Hospital and Mon General Hospital in Morgantown, WV.
- Built in 2020, indicating modern construction.
- Located in the high‑demand Evansdale/Suncrest area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$175,246
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,504,920
$3.5M
Cap Rate 7%
$2,503,514
$2.5M
Cap Rate 9%
$1,947,178
$1.9M
Market Conditions
NOI Build-Up for 11,600 SF
Gross rent
$303.5K $26.16/SF
− Vacancy
−$69.8K −$6.02/SF
EGI
$233.7K $20.14/SF
− OpEx
−$58.4K −$5.04/SF
NOI
$175.2K $15.11/SF
Area
Monongalia County, WV
Vacancy
23.00%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,504,920
Cap Rate 7%
$2,503,514
Cap Rate 9%
$1,947,178
Alternative Uses
Best Use
Office B
$2.50M
$2.19M – $2.92M
NOI $175,246 @ 7.0% cap · market cap 5.94%
Second Best
Mixed Use
$1.68M
$1.47M – $1.96M
NOI $117,450 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$3.34M
$2.93M – $3.90M
NOI $234,090 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,264
Businesses Nearby
Explore this area
Business Placement
Demographics for 26505, WV
39,057
Population
19,220
Households
2
Avg Household Size
27
Median Age
55%
College-Educated
93%
High-School Grad
12.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$42,275
Median Household Income
$24,042
Median Earnings
$942
Median Rent
$265,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property in high-demand location, 70% occupied.
Where is this mixed-use property located?
The property is located at 1053 Maple Dr Morgantown, WV.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Strategically located between Ruby Memorial Hospital and Mon General Hospital in Morgantown, WV.; Built in 2020, indicating modern construction.; Located in the high‑demand Evansdale/Suncrest area.
