Limited-Service
15 LAWLESS RD Morgantown, WV 26501
15 LAWLESS RD, Morgantown, WV, 26501
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For Sale
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A 57-room limited-service hotel with paved parking and covered entry.
Property Size27,519 SF
Price / SF$152.62
Days on Market71
Property Features for 15 LAWLESS RD
General Information
- Standard status
- Active
- Size
- 27,519 SF
- Property subtype
- Hospitality
Listing agency
Black Diamond Realty
(304) 413-4350
Listed by
David Lorenze, CCIM, SIOR, Principal & Associate Broker · License #WV0025501
Source
Crexi
Added: May 13 Updated: Jul 22 at 7:35AM Checked: Jul 22 at 7:35AM
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
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
Local Financial Insights For Hotel Hospitality
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 | $412.8k | $15.00 |
| − Vacancy | −$61.9k | −$2.25 |
| EGI | $350.9k | $12.75 |
| − OpEx | −$184.2k | −$6.69 |
| NOI | $166.7k | $6.06 |
27,519 SF · lease $15.00/SF/yr · vacancy 15.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$2.38M
$2.08M – $2.78M
NOI $166,662 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.93M
$6.94M – $9.26M
NOI $555,338 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Microtel Inn & Suites ...
Hotel & Motel
Sonesta Essential Morgantown
Hotel & Motel
SureStay Plus By ...
Hotel & Motel
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FAQs
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 $4,200,000.
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
