Versatile Commercial Property on 2.2
61 N EAGLE SCHOOL Rd Martinsburg, WV 25404
For Sale
$1,299,000
12,722 sq ft commercial space near I-81.
Property Size12,722 SF
Lot Size2.20 Acres
Price / SF$102.11
Days on Market110
Property Features for 61 N EAGLE SCHOOL Rd
General Information
Standard status
Active
Size
12,722 SF
Lot size
2.20 Acres
Property subtype
Commercial
Building Details
Year Built
1986
Listing Agency:
RE/MAX Real Estate Group
(304) 676-6207
Listed By:
Cherylene Webber Mann · License #WVB240301003
(304) 676-6207
Source:
Elliman
Added: Apr 10
Changed: Jul 10
Last Checked: Jul 27 at 1:18PM
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 RE/MAX Real Estate Group
Investment Insights
Based on property information with market context.
This commercial property offers 12,722 square feet of space on a 2.20-acre lot. The property is suitable for professional offices, medical facilities, retail spaces, general office use, or mixed-use developments. Its location provides accessibility and visibility in a high-traffic area off Edwin Miller Boulevard, with convenient access to I-81. The property offers potential for multi-tenant occupancy or mixed-use configurations. Previously, the site was used as a survey business and a sports facility. The location is considered very walkable, with a walk score of 75, and bikeable, with a bike score of 51.
Key Highlights
- High‑traffic location with excellent visibility off Edwin Miller Blvd near I‑81
- Large 12,722 sq ft space suitable for various uses
- 2.20‑acre lot offering potential for expansion or development
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $152.7k | $12.00 |
| − Vacancy | −$13.7k | −$1.08 |
| EGI | $138.9k | $10.92 |
| − OpEx | −$52.1k | −$4.10 |
| NOI | $86.8k | $6.83 |
12,722 SF · lease $12.00/SF/yr · vacancy 9.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$1.76M
$1.54M – $2.05M
NOI $123,085 @ 7.0% cap · market cap 9.48%
Second Best
Mixed Use
$1.24M
$1.09M – $1.45M
NOI $86,828 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$2.30M
$2.02M – $2.69M
NOI $161,213 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - 12,722 sq ft commercial space near I-81.
Where is this mixed-use property located?
The property is located at 61 N EAGLE SCHOOL Rd Martinsburg, WV.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: High‑traffic location with excellent visibility off Edwin Miller Blvd near I‑81; Large 12,722 sq ft space suitable for various uses; 2.20‑acre lot offering potential for expansion or development
