Morgantown Commercial Building For
For Sale
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1433 Dorsey Ave, Morgantown, WV 26501
Commercial building in Morgantown, suitable for office or retail.
Property Size5,180 SF
Price / SF$135.14
Days on Market168
Property Features for 1433 Dorsey Ave
General Information
Standard status
Active
Size
5,180 SF
Property subtype
Mixed Use, Office, Special Purpose
Investment Type
Owner/User
Building Details
Year Built
1996
Buildings
1
Stories
1
Listing Agency:
Howard Hanna Real Estate Services Inc Morgantown
(304) 594-0115
Listed By:
Kay Michael Alexander · License #WV 0017400
Source:
Crexi
Added: Mar 5
Changed: Aug 14
Last Checked: Aug 18 at 8:35PM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,448
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,048,960
$1.0M
Cap Rate 7%
$749,257
$749.3K
Cap Rate 9%
$582,756
$582.8K
Market Conditions
NOI Build-Up for 5,180 SF
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.
Gross rent
$93.2K $18.00/SF
− Vacancy
−$9.3K −$1.80/SF
EGI
$83.9K $16.20/SF
− OpEx
−$31.5K −$6.07/SF
NOI
$52.4K $10.13/SF
Area
Monongalia County, WV
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,048,960
Cap Rate 7%
$749,257
Cap Rate 9%
$582,756
Alternative Uses
Best Use
Office B
$1.12M
$978.2K – $1.30M
NOI $78,256 @ 7.0% cap · market cap 11.18%
Second Best
Mixed Use
$749.3K
$655.6K – $874.1K
NOI $52,448 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,533 @ 7.0% cap · market cap 14.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Explore this area
Business Placement
Demographics for 26501, WV
19,200
Population
9,541
Households
2
Avg Household Size
38
Median Age
45%
College-Educated
94%
High-School Grad
58.5 sq mi
ZIP Area
328
Density / Sq Mi
$62,173
Median Household Income
$34,949
Median Earnings
$914
Median Rent
$213,000
Median Home Value
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 - 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.
