Versatile Commercial Property on Winchester
1886 Winchester Ave, Martinsburg, WV 25405
Call to check price and availability
Three buildings on 0.90 acres, high-traffic area, endless possibilities.
Type:Mixed Use
Property size:
10,300 SFLot size:
0.90 AcresPrice / SF:
$87/SF- Added:
- Mar 30, 2026
- Days on Market:
- 60
- Last Refresh:
- Mar 31 at 8:40 pm
Property Features for 1886 Winchester Ave
General Information
- Standard status
- Active
- Size
- 10,300 SF
- Lot size
- 0.90 Acres
- Property subtype
- Mixed Use
Listing agent Sarah Combs License #WV B220300874
Listing office Hoffman Realty (304) 671-4839
Listing date Mar 30, 2026
Source Crexi
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 Hoffman Realty
HighLights
- High‑traffic location offering excellent visibility and accessibility.
- Over 10,000 sq ft across three buildings.
- Proximity to major employers and transportation.
- Multiple buildings: Main building (7,000 sq ft), rear shop (2,500 sq ft), and separate garage (800 sq ft).
- Versatile space suitable for various business operations.
- Ideal for investors or business owners.
Overview
This commercial property features over 10,000 square feet of space distributed across three buildings, situated on approximately 0.90 acres. The property is located in a high-traffic area, offering visibility and accessibility, and is near major employers such as Procter & Gamble and Clorox, as well as I81 and Rt 9. The main building provides approximately 7,000 square feet suitable for various business operations. A rear shop offers an additional 2,500 square feet, which can be used for storage, production, or as a workshop. There is also a separate 800-square-foot garage. The property was previously used as a tire and auto body shop, and it presents opportunities for investors or business owners looking to expand or establish a presence in a commercial corridor.
Financial Insights
Value Estimation Calculated for Warehouse
Conservative
$802.8K
NOI $72,255 @ 9.00% cap · cautious / downside scenario
Moderate
$1.03M
NOI $72,255 @ 7.00% cap · market / base-case scenario
Aggressive
$1.45M
NOI $72,255 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Warehouse
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.7k | $9.00 |
| − Vacancy | −$7.7k | −$0.75 |
| EGI | $85.0k | $8.25 |
| − OpEx | −$12.8k | −$1.24 |
| NOI | $72.3k | $7.02 |
10,300 SF · lease $9.00/SF/yr · vacancy 8.30% · expense 15.00%
Alternative Use Scenarios
Best Use
Warehouse
$1.03M
$903.2K – $1.20M
NOI $72,255 @ 7.0% cap · market cap 8.03%
Second Best
Mixed Use
$1.00M
$878.7K – $1.17M
NOI $70,298 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$1.86M
$1.63M – $2.18M
NOI $130,522 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Auto shops
Location Insight
- Map
- Local Demand
- City
- Martinsburg
- County
- Berkeley
- State
- West Virginia
- Longitude
- -77.9866436
- Latitude
- 39.4325069
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Three buildings on 0.90 acres, high-traffic area, endless possibilities.
Where is this mixed-use property located?
The property is located at 1886 Winchester Ave Martinsburg, WV.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: High‑traffic location offering excellent visibility and accessibility.; Over 10,000 sq ft across three buildings.; Proximity to major employers and transportation.
