Medical Office Suite with Exam
For Sale
$499,000
176 Health Care Lane Unit 1, Martinsburg, WV 25401
Medical office suite with five exam rooms, waiting area, offices, and updated HVAC for convenient patient care operations.
Property Size2,200 SF
Price / SF$226.82
Days on Market114
Property Features for 176 Health Care Lane Unit 1
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Office
Building Details
Year Built
2009
Listing Agency:
Long & Foster Real Estate, Inc.
(304) 279-3863
Listed By:
Butch Cazin · License #WV0015220
(304) 279-3863
Source:
Xome
Added: Apr 8
Changed: Jul 10
Last Checked: Jun 15 at 5:33AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
Unit 1 is a medical office suite designed for patient flow and day-to-day clinical operations. The space includes five exam rooms, a waiting room, two private offices, and two modern bathrooms. A kitchen is also available for staff use, providing added convenience for an active practice. HVAC was replaced in 2020.
The suite is located on Health Care Lane in Martinsburg, WV, and is described as being near a major hospital and key commuter routes. That positioning supports easy access for both patients and staff, while also providing visibility associated with a healthcare-focused setting.
This configuration should fit a range of healthcare professionals who need multiple exam rooms alongside dedicated administrative space. With two private offices and a dedicated waiting area, the suite supports privacy and organization during patient visits. The presence of two bathrooms and a kitchen helps accommodate daily operational needs, while the HVAC replacement provides additional comfort going into the next term of occupancy.
The suite is located on Health Care Lane in Martinsburg, WV, and is described as being near a major hospital and key commuter routes. That positioning supports easy access for both patients and staff, while also providing visibility associated with a healthcare-focused setting.
This configuration should fit a range of healthcare professionals who need multiple exam rooms alongside dedicated administrative space. With two private offices and a dedicated waiting area, the suite supports privacy and organization during patient visits. The presence of two bathrooms and a kitchen helps accommodate daily operational needs, while the HVAC replacement provides additional comfort going into the next term of occupancy.
Key Highlights
- Medical office suite with 5 exam rooms, waiting room, 2 private offices, and a kitchen
- 2 modern bathrooms plus additional interior layout for staff and patient use
- HVAC replaced in 2020; heat pump cooling
Financial Insights For Office B
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 | $33.0k | $15.00 |
| − Vacancy | −$4.6k | −$2.10 |
| EGI | $28.4k | $12.90 |
| − OpEx | −$7.1k | −$3.23 |
| NOI | $21.3k | $9.68 |
2,200 SF · lease $15.00/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$304.1K
$266.1K – $354.8K
NOI $21,285 @ 7.0% cap · market cap 4.27%
Second Best
Healthcare Medical
$259.4K
$227.0K – $302.6K
NOI $18,157 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$398.3K
$348.5K – $464.6K
NOI $27,878 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 25401, WV
15,086
Population
6,841
Households
2.2
Avg Household Size
38
Median Age
23%
College-Educated
86%
High-School Grad
5.8 sq mi
ZIP Area
2,601
Density / Sq Mi
$49,157
Median Household Income
$33,147
Median Earnings
$1,014
Median Rent
$221,500
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?
Medical Office Space - Medical office suite with five exam rooms, waiting area, offices, and updated HVAC for convenient patient care operations.
Where is this medical office space located?
The property is located at 176 Health Care Lane Unit 1 Martinsburg, WV.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Medical office suite with 5 exam rooms, waiting room, 2 private offices, and a kitchen; 2 modern bathrooms plus additional interior layout for staff and patient use; HVAC replaced in 2020; heat pump cooling
