Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1433 Dorsey Ave Morgantown, WV 26501

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $700,000

    Commercial building in Morgantown, suitable for office or retail.

    Type:Mixed Use, Office, Special Purpose
    Property size:
    5,180 SF
    Added:
    Mar 5, 2026
    Days on Market:
    27
    Last Refresh:
    Mar 16 at 2:49 pm

    Property Features for 1433 Dorsey Ave

    General Information

    Standard status
    Active
    Size
    5,180 SF
    Property subtype
    Mixed Use, Office, Special Purpose

    Building Details

    Year Built
    1996

    We can help!

    Listing Contact
    Kay Michael Alexander
    Kay Michael Alexander

    Listing agent Kay Michael Alexander License #WV 0017400

    Listing office Howard Hanna Real Estate Services Inc Morgantown

    Listing date Mar 5, 2026

    Source Crexi

    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 Howard Hanna Real Estate Services Inc Morgantown

    Overview

    Morgantown Commercial Building For Sale

    A one-floor commercial building is available for purchase in Morgantown, WV. The property is situated on a busy corner lot and includes parking space for 11-15 cars. The building features a large kitchen with a pantry. Zoned B-1 Neighborhood Business, the property is suitable for use as office space, small retail, or a service business. It offers five entrances and concrete ramps to the front and side doors, which can be used for wheelchair access or delivery services. The location is suitable for business offices, retail establishments, insurance offices, doctor's offices, and more. The property was previously used as a private nursery school. 1,744 sq ft along Dorsey has been sold to West Virginia Department of Transportation Division of Highways. New sewer lines are being installed and sidewalks. The building has a total size of 5,180 sq ft and is currently vacant. The maximum floor load is unknown.
    Location Intelligence

    Current Use by Public Records

    Monongalia County Head ... High School Dorsey Elementary School High School NCWVCAA Charitable Organization

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morgantown
    County
    Monongalia
    State
    West Virginia
    Longitude
    -79.9448161
    Latitude
    39.6081829

    Nearby Similar for Sale

    • $250,000
      4,400 SF

      Versatile Mixed-Use Building in Morgantown

      4400 sqft building on just under 1 acre.
      2889 Grafton Road, Morgantown, WV 26508
      View Details
    • $1,500,000
      10,296 SF

      Fully Leased Morgantown Office Building

      Exceptional commercial office building in Cheat Lake, fully leased.
      230-270 Lakewood Center, Morgantown, WV 26508
      View Details
    • $2,200,000
      8,000 SF

      Prime Morgantown Strip Mall

      Fully occupied strip mall in excellent condition and prime location.
      3109 University Avenue, Morgantown, WV 26505
      View Details
    • $689,900
      4,436 SF

      Versatile Commercial Property in Morgantown

      High-traffic Morgantown location with multiple income-producing possibilities.
      3200 Collins Ferry Road, Morgantown, WV 26505
      View Details
    • $1,625,000
      12,477 SF

      Historic Morgantown Mixed-Use Property

      Fully leased mixed-use property with restaurant and apartments in Morgantown.
      156 Clay Street, Morgantown, WV 26501
      View Details
    • $299,900
      4,800 SF

      Turnkey Bar/Restaurant Business Opportunity

      Established Morgantown bar/restaurant business for sale with equipment and license.
      325 High Street, Morgantown, WV 26505
      View Details
    • $700,000
      5,180 SF

      Morgantown Mixed-Use Corner Lot

      Commercial building on busy corner lot, suitable for various businesses.
      1433 Dorsey Avenue, Morgantown, WV 26501
      View Details
    • $575,000
      7,392 SF

      Historic Mixed-Use Building in Morgantown

      Historic building with retail space and remodeled apartments in downtown.
      220-222 Pleasant Street, Morgantown, WV 26505
      View Details
    • $1,075,000
      7,800 SF

      Spacious Office Suite in Morgantown

      Desirable office suite with ample space and convenient access.
      4000 Hampton Center, Morgantown, WV 26505
      View Details
    • $2,200,000
      41,600 SF

      Morgantown Mixed-Use Commercial Property

      Large commercial property with multiple buildings on 7 acres.
      951 Point Marion Road, Morgantown, WV 26508
      View Details
    • $150,000

      Mixed-Use Property in Morgantown, WV

      Three storefronts and two apartments in Morgantown, West Virginia.
      444, 446, & 448 Scotts Run Road, Morgantown, WV 26501
      View Details
    • $482,000
      2,838 SF

      Morgantown Office Investment Opportunity

      Four-tenant office suites in desirable Morgantown location.
      6000 Coombs Farm Drive, Morgantown, WV 26508
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Commercial building in Morgantown, suitable for office or retail.
    Where is this mixed-use property located?
    The property is located at 1433 Dorsey Ave Morgantown, WV.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: High‑traffic corner lot location ideal for business exposure.; Zoned B‑1 Neighborhood Business, offering versatile usage options (office, retail, service).; Ample parking with space for 11‑15 cars.
    (304) 594-0115
    We can help!
    Listing Contact
    Kay Michael Alexander
    Kay Michael Alexander
    Real Estate License ID: WV 0017400
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!