Martinsburg Commercial Building For
For Sale
$550,000
824 N QUEEN St, Martinsburg, WV 25404
6,600 sq ft commercial building suitable for retail, office, mixed-use.
Property Size6,600 SF
Lot Size0.19 Acres
Price / SF$83.33
Days on Market197
Property Features for 824 N QUEEN St
General Information
Standard status
Active
Size
6,600 SF
Lot size
0.19 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,975
Building Details
Year Built
1920
Listing Agency:
Samson Properties
Listed By:
Ya Ling Chen · License #WVS190300762
(304) 620-8887
Source:
Elliman
Added: Mar 24
Changed: Aug 8
Last Checked: Aug 25 at 5:38AM
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 Samson Properties
Investment Insights
Based on property information with market context.
This 6,600 sq ft commercial building, located at 824 N Queen St, Martinsburg, WV 25404, is available for sale. It is suitable for retail, office, or mixed-use purposes. The property offers excellent visibility and convenient access in a well-traveled area of Martinsburg. The flexible layout allows for a variety of business uses, making it ideal for professional offices, medical, retail, or service-based operations. There is ample space to customize the building to specific business needs. It is located in a growing commercial corridor.
Key Highlights
- 6,600 sq ft commercial building suitable for retail, office, or mixed‑use.
- Excellent visibility in a well‑traveled area.
- Flexible layout suitable for various business types (professional offices, medical, retail, service‑based).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,045
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,900
$900.9K
Cap Rate 7%
$643,500
$643.5K
Cap Rate 9%
$500,500
$500.5K
Market Conditions
NOI Build-Up for 6,600 SF
Gross rent
$79.2K $12.00/SF
− Vacancy
−$7.1K −$1.08/SF
EGI
$72.1K $10.92/SF
− OpEx
−$27.0K −$4.10/SF
NOI
$45.0K $6.83/SF
Area
Berkeley County, WV
Vacancy
9.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,900
Cap Rate 7%
$643,500
Cap Rate 9%
$500,500
Alternative Uses
Best Use
Office B
$912.2K
$798.2K – $1.06M
NOI $63,855 @ 7.0% cap · market cap 11.61%
Second Best
Mixed Use
$643.5K
$563.1K – $750.8K
NOI $45,045 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$1.19M
$1.05M – $1.39M
NOI $83,635 @ 7.0% cap · market cap 15.21%
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
679
Businesses Nearby
Explore this area
Business Placement
Demographics for 25404, WV
23,034
Population
9,973
Households
2.3
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
37.9 sq mi
ZIP Area
608
Density / Sq Mi
$68,897
Median Household Income
$42,976
Median Earnings
$1,228
Median Rent
$226,900
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 - 6,600 sq ft commercial building suitable for retail, office, mixed-use.
Where is this mixed-use property located?
The property is located at 824 N QUEEN St Martinsburg, WV.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 6,600 sq ft commercial building suitable for retail, office, or mixed‑use.; Excellent visibility in a well‑traveled area.; Flexible layout suitable for various business types (professional offices, medical, retail, service‑based).
