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

    Lot 153 S COLLEGE St Martinsburg, WV 25401

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $45,000

    Prime land parcel with potential for residential or commercial development.

    Type:Land
    Added:
    Apr 15, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 4 at 6:39 am

    Property Features for Lot 153 S COLLEGE St

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Tina C Roach

    Listing agent Tina C Roach License #WV0025028

    Listing office Samson Properties

    Listing date Apr 15, 2026

    Source Elliman

    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 Samson Properties

    Overview

    Versatile Land Parcel Investment

    This versatile land parcel presents a prime investment opportunity, strategically located to maximize potential returns. The property offers ample space for creating residential or commercial projects, catering to the growing demand in the area. With no existing structures, the land allows for design and build flexibility according to current market trends. The zoning allows for various uses, providing adaptability to changing market conditions. Positioned in a developing neighborhood, this parcel benefits from increasing property values and a rising population, making it an ideal choice for long-term investment. The absence of association fees and restrictions allows for capitalizing on the investment without additional overhead costs. The potential for rental income or resale value exists as the area continues to thrive. With no environmental constraints or existing structures to manage, this land offers a straightforward path to development. The location has a bike score of 51, indicating it is bikeable, and a walk score of 75, indicating it is very walkable.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinsburg
    County
    Berkeley
    State
    West Virginia
    Longitude
    -77.9643957
    Latitude
    39.4585715

    Nearby Similar for Sale

    • $389,900

      Renovated Office Building on Winchester

      Turnkey commercial office building on highly visible Winchester Avenue.
      1008 WINCHESTER AVE, MARTINSBURG, WV 25401
      View Details
    • $475,000
      4,710 SF

      Well-Maintained Quadplex in Martinsburg

      Fully rented, four-unit quadplex with numerous recent improvements.
      508-510 WINCHESTER Avenue, MARTINSBURG, WV 25401
      View Details
    • $675,000

      Prime Corner Lot Development Opportunity

      2.86-acre commercial parcel at high-traffic intersection in Martinsburg, WV.
      4159 WILLIAMSPORT Pike, MARTINSBURG, WV 25404
      View Details
    • $45,000

      Versatile Land Parcel in Martinsburg

      Prime investment opportunity in a rapidly appreciating market.
      S COLLEGE Street lot: 153, MARTINSBURG, WV 25401
      View Details
    • $469,900

      Martinsburg Development Land For Sale

      Development-ready land in Martinsburg with approved site plan.
      BALTIMORE & BOSTON ST, MARTINSBURG, WV 25401
      View Details
    • $200,000

      Martinsburg Commercial Land Near Airport

      1.19 acre commercial lot near Interstate 81 and airport.
      NOVAK Drive lot: B2, MARTINSBURG, WV 25405
      View Details
    • $350,000

      Commercial Land in Growing Martinsburg

      1.8 acre commercial land in high-growth Martinsburg, West Virginia.
      Tract A FORBES Drive, MARTINSBURG, WV 25404
      View Details
    • $325,000

      Commercial Land in Growing Martinsburg

      1.31 acre commercial land in a high-growth area.
      Tract B FORBES Drive, MARTINSBURG, WV 25404
      View Details
    • $1,434,460

      Martinsburg Development Opportunity: 42 Acres

      42 acres ideal for residential, commercial, or mixed-use development.
      GOLF COURSE RD, MARTINSBURG, WV 25404
      View Details
    • $150,000

      Martinsburg Commercial Land Near Airport

      1.12 acre commercial lot near Interstate 81 and airport.
      NOVAK Drive lot: B1, MARTINSBURG, WV 25405
      View Details
    • $899,900
      10,300 SF

      Commercial Property with Three Buildings

      High-traffic commercial property featuring three buildings on 0.90 acres.
      1886 WINCHESTER Ave, Martinsburg, WV 25405
      View Details
    • $150,000

      Martinsburg Commercial Land Near Airport

      1.79 acre commercial lot near Interstate 81 and airport.
      NOVAK Drive lot: B3, MARTINSBURG, WV 25405
      View Details

    FAQs

    What type of property is this?
    Land - Prime land parcel with potential for residential or commercial development.
    Where is this land located?
    The property is located at Lot 153 S COLLEGE St Martinsburg, WV.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: Prime investment opportunity in a rapidly appreciating market; Versatile land parcel suitable for residential or commercial development; Zoning allows for various uses, providing flexibility
    (304) 671-4587
    We can help!
    Listing Contact
    Tina C Roach
    Real Estate License ID: WV0025028
    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!