Brick Mixed-Use
1804 W King St, Martinsburg, WV 25401
For Sale
$950,000
A 2012 renovation updated the brick building, which occupies a 0.48-acre parcel.
Property Size4,050 SF
Lot Size0.48 Acres
Price / SF$234.57
Days on Market46
Property Features for 1804 W King St
General Information
Standard status
Size
Lot size
Building Details
Year Built
Year Renovated
Buildings
Construction
Listing Agency:
Gain Realty
Listed By:
Rick M Boswell III · License #WVB230300927
(301) 991-3454
Source:
Kableteam
Added: Sep 24
Changed: Oct 25
Last Checked: Oct 7 at 1:04PM
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 Gain Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property contains a 4,050-square-foot brick building constructed in 2009 and renovated in 2012. The parcel totals 0.48 acres. Retail, office, and mixed-use functions are identified as potential uses for the property.
Located at 1804 W King Street in Martinsburg, West Virginia, the property has no subdivision restrictions or association fees.
Located at 1804 W King Street in Martinsburg, West Virginia, the property has no subdivision restrictions or association fees.
Key Highlights
- 4,050‑square‑foot brick building
- 0.48‑acre parcel
- Built in 2009; renovated in 2012
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,641
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,820
$552.8K
Cap Rate 7%
$394,871
$394.9K
Cap Rate 9%
$307,122
$307.1K
Market Conditions
NOI Build-Up for 4,050 SF
Gross rent
$48.6K $12.00/SF
− Vacancy
−$4.4K −$1.08/SF
EGI
$44.2K $10.92/SF
− OpEx
−$16.6K −$4.10/SF
NOI
$27.6K $6.83/SF
Area
Berkeley County, WV
Vacancy
9.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,820
Cap Rate 7%
$394,871
Cap Rate 9%
$307,122
Alternative Uses
Best Use
Mixed Use
$394.9K
$345.5K – $460.7K
NOI $27,641 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$733.2K
$641.5K – $855.4K
NOI $51,322 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A 2012 renovation updated the brick building, which occupies a 0.48-acre parcel.
Where is this mixed-use property located?
The property is located at 1804 W King St Martinsburg, WV.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 4,050‑square‑foot brick building; 0.48‑acre parcel; Built in 2009; renovated in 2012
