Morgantown Flex Space with
112 Corporate Dr Morgantown, WV 26501
112 Corporate Dr, Morgantown, WV, 26501
$3,250,000
For Sale
$3,250,000
Flex space with built-out office in Morgantown's Chaplin Hill.
Property Size20,000 SF
Price / SF$162.50
Days on Market142
Property Features for 112 Corporate Dr
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Property subtype
- Industrial Building
Building Details
- Year Built
- 2015
Listing Agency
NAI Burns Scalo
(412) 721-7300
Listed by
Nick Scalo
Source
Naiglobal
Added: Feb 26 Checked: Jul 10 at 1:13 pm
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 NAI Burns Scalo
Investment Insights
Based on property information with market context.
This building, measuring 125' X 160', includes 4,375 square feet of office space. It is located within Morgantown's Chaplin Hill Business Park and features one dock door and one drive-in door. The property is suitable for an owner-user seeking space in Morgantown, WV.
Key Highlights
- 4,375 SF of beautifully built out office space
- Located within Morgantown's Chaplin Hill Business Park
- Includes a Dock Door
Local Financial Insights For Warehouse
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 | $180.0k | $9.00 |
| − Vacancy | −$12.2k | −$0.61 |
| EGI | $167.8k | $8.39 |
| − OpEx | −$25.2k | −$1.26 |
| NOI | $142.6k | $7.13 |
20,000 SF · lease $9.00/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$4.32M
$3.78M – $5.04M
NOI $302,148 @ 7.0% cap · market cap 9.30%
Second Best
Warehouse
$2.04M
$1.78M – $2.38M
NOI $142,596 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$5.77M
$5.05M – $6.73M
NOI $403,603 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tiefenbach North America, ...
Building Supply
Similar For Sale Nearby
Similar Off Market Nearby
- Beehive Café — 889 Mylan Park Ln, Morgantown, WV 26501
FAQs
What type of property is this?
Flex space - Flex space with built-out office in Morgantown's Chaplin Hill.
Where is this flex space located?
The property is located at 112 Corporate Dr Morgantown, WV.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 4,375 SF of beautifully built out office space; Located within Morgantown's Chaplin Hill Business Park; Includes a Dock Door
