Limited-Service
For Sale
Contact for pricing
15 LAWLESS RD, Morgantown, WV 26501
A 57-room limited-service hotel with paved parking and covered entry.
Property Size27,519 SF
Price / SF$143.54
Days on Market167
Property Features for 15 LAWLESS RD
General Information
Standard status
Active
Size
27,519 SF
Total Parking Spaces
62
Property subtype
Hospitality
Additional Details
Highway Access
Yes
Amenities
Free High-Speed WiFi
Hot Breakfast
Fitness Room
Lobby & Reception Areas
Staff Offices/Break Room
Guest Laundry Area
Elevator
Automatic Sliding Front-Entry Doors
Covered Entry
Building Details
Year Built
2007
Buildings
1
Units
54
Listing Agency:
Black Diamond Realty
Listed By:
Mark J. Nesselroad · License #WV WV0029167
(304) 413-4350
Source:
Crexi
Added: May 13
Changed: Oct 13
Last Checked: Oct 24 at 5:58PM
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 Black Diamond Realty
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Investment Insights
Based on property information with market context.
This limited-service hotel offers 57 guest rooms in a room mix that includes 13 singles, 30 doubles, and 14 suites. The property was built in 2007 and includes guest-focused amenities such as free high-speed WiFi and hot breakfast, along with a fitness room, lobby and reception areas, staff offices/break room, guest laundry area, and an elevator. Automatic sliding front-entry doors support guest access, and the site includes a paved parking lot with 62 spaces and a covered entry.
The property is located about 0.3 mile from Interstate 79, Exit 152.
The offering is a hospitality sale with a Sonesta Essential franchise.
The property is located about 0.3 mile from Interstate 79, Exit 152.
The offering is a hospitality sale with a Sonesta Essential franchise.
Key Highlights
- Sonesta Essential limited‑service hotel with 57 guest rooms
- Room mix includes 13 singles, 30 doubles, and 14 suites
- Built in 2007 with premium bedding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,662
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,333,240
$3.3M
Cap Rate 7%
$2,380,886
$2.4M
Cap Rate 9%
$1,851,800
$1.9M
Market Conditions
NOI Build-Up for 27,519 SF
Gross rent
$412.8K $15.00/SF
− Vacancy
−$61.9K −$2.25/SF
EGI
$350.9K $12.75/SF
− OpEx
−$184.2K −$6.69/SF
NOI
$166.7K $6.06/SF
Area
Monongalia County, WV
Vacancy
15.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,333,240
Cap Rate 7%
$2,380,886
Cap Rate 9%
$1,851,800
Alternative Uses
Best Use
Hotel Hospitality
$2.38M
$2.08M – $2.78M
NOI $166,662 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.93M
$6.94M – $9.26M
NOI $555,338 @ 7.0% cap · market cap 14.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
397
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
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Frequently Asked Questions
What type of property is this?
Hotel - A 57-room limited-service hotel with paved parking and covered entry.
Where is this hotel located?
The property is located at 15 LAWLESS RD Morgantown, WV.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Sonesta Essential limited‑service hotel with 57 guest rooms; Room mix includes 13 singles, 30 doubles, and 14 suites; Built in 2007 with premium bedding
