Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    400 Enterprise Cir Martinsburg, WV

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    New retail center with high visibility and future availability.

    Type:RETAIL
    Property size:
    17,000 SF
    Lot size:
    18.50 Acres
    Added:
    Feb 19, 2024
    Days on Market:
    809
    Last Refresh:
    Apr 5 at 10:13 pm

    Property Features for 400 Enterprise Cir

    General Information

    Standard status
    Active
    Size
    17,000 SF
    Lot size
    18.50 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 400 Enterprise Cir Contact us

    We can help!

    Listing Contact
    Ray Schupp
    Ray Schupp

    Listing agent Ray Schupp License ##0225077939

    Listing office H&R Retail - Washington, DC

    Listing date Feb 19, 2024

    Source Moodyscre

    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 H&R Retail - Washington, DC

    HighLights

    • Great visibility to I‑81 (61,326 AAWDT)
    • New retail center
    • Located at the northwest quadrant of I‑81 and Route 45
    • Junior anchor, shop space and pad sites available
    • Directly across from “The Commons”
    • Future available

    Overview

    Retail Center Near I-81

    This new retail center is located at the northwest quadrant of I-81 and Route 45. The property offers junior anchor, shop space, and pad sites. It features high visibility to I-81, with a traffic count of 61,326 average annual weekday traffic (AAWDT). The center is directly across from "The Commons." Future availability is noted for this retail space, which has a property size of 17000 square feet and is located at 400 Enterprise Cir, Martinsburg, WV.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • The Commons — 144-436 Retail Commons Pkwy, Martinsburg, WV 25403
    • Martinsburg Shopping Plaza — 605 Winchester Ave, Martinsburg, WV 25401
    • Coinstar Kiosk | Bitcoin ATM — Giant Carlisle, 901 Foxcroft Ave, Martinsburg, WV 25401

    Map

    City
    Martinsburg
    County
    Berkeley
    State
    West Virginia
    Longitude
    -77.9682
    Latitude
    39.4529

    Nearby Similar for Lease

    • $3,500/Mo

      Downtown Commercial Space For Lease

      6,325 SF first-floor space with parking in downtown Martinsburg.
      207 W KING Street, MARTINSBURG, WV 25401
      View Details
    • $1,000/Mo

      Martinsburg Commercial Space For Lease

      Commercial space with road frontage suitable for various retail uses.
      421 S RALEIGH Street, MARTINSBURG, WV 25401
      View Details
    • $875/Mo

      Downtown Martinsburg Professional Office Space

      Reimagined office building in downtown Martinsburg with flexible lease options.
      101 S QUEEN Street, MARTINSBURG, WV 25401
      View Details
    • $900/Mo

      Downtown Martinsburg Professional Office Space

      Modern, flexible office spaces in a prime downtown location.
      101 S QUEEN Street, MARTINSBURG, WV 25401
      View Details
    • $1,200/Mo

      Downtown Martinsburg Professional Office Space

      Reimagined office building in downtown Martinsburg with flexible lease terms.
      101 S QUEEN Street, MARTINSBURG, WV 25401
      View Details
    • $675/Mo

      Downtown Martinsburg Professional Office Space

      Reimagined office building in downtown Martinsburg, steps from amenities.
      101 S QUEEN Street, MARTINSBURG, WV 25401
      View Details
    • $625/Mo

      Downtown Martinsburg Professional Office Hub

      Reimagined office building with modern workspace in a prime location.
      101 S QUEEN Street, MARTINSBURG, WV 25401
      View Details
    • $900/Mo

      Downtown Martinsburg Professional Office Hub

      Reimagined office building with modern workspace in a prime location.
      101 S QUEEN Street, MARTINSBURG, WV 25401
      View Details
    • $900/Mo

      Downtown Martinsburg Professional Office Hub

      Modern office spaces in a prime downtown Martinsburg location.
      101 S QUEEN Street, MARTINSBURG, WV 25401
      View Details
    • $875/Mo

      Downtown Martinsburg Professional Office Hub

      Reimagined office building with modern workspace in a prime location.
      101 S QUEEN Street, MARTINSBURG, WV 25401
      View Details
    • $675/Mo

      Downtown Martinsburg Professional Office Hub

      Reimagined office building in downtown Martinsburg, steps from amenities.
      101 S QUEEN Street, MARTINSBURG, WV 25401
      View Details
    • $900/Mo

      Downtown Martinsburg Professional Office Hub

      Modern, flexible office spaces in a prime downtown Martinsburg location.
      101 S QUEEN Street, MARTINSBURG, WV 25401
      View Details

    FAQs

    What type of property is this?
    Shopping center - New retail center with high visibility and future availability.
    Where is this shopping center located?
    The property is located at 400 Enterprise Cir Martinsburg, WV.
    What are key features of this property?
    This property features: Great visibility to I‑81 (61,326 AAWDT); New retail center; Located at the northwest quadrant of I‑81 and Route 45
    (240) 482-3611 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ray Schupp
    Ray Schupp
    Real Estate License ID: #0225077939
    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

    Thank You for Inquiry
    400 Enterprise Cir, Martinsburg, WV
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!