Two-Story Office Building with
2000 Hampton Center Morgantown, WV 26505
2000 Hampton Center, Morgantown, WV, 26505
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For Sale
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Two-story Class B office building with elevator, central air, and 43 on-site parking spaces.
Property Size10,199 SF
Lot Size0.75 Acres
Price / SF$132.37
Days on Market90
Property Features for 2000 Hampton Center
General Information
- Standard status
- Active
- Size
- 10,199 SF
- Lot size
- 0.75 Acres
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1986
Listing agency
Petroplus & Associates, Inc.
Listed by
Aaron Marko · License #WVS180300513
Source
Crexi
Added: Apr 24 Updated: Jul 21 at 10:04PM Checked: Jul 21 at 10:04PM
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 Petroplus & Associates, Inc.
Investment Insights
Based on property information with market context.
This two-story, Class B professional office building offers approximately 5,000 SF floor plates and is elevator-served for full accessibility. Interior features include carpeting, a kitchen area, and central air, with abundant natural light throughout.
The property is located just off Route 705 and directly across from Suncrest Town Centre, with proximity to WVU Medicine, Mon Health Medical Center, and West Virginia University. It sits on a 0.75-acre site within a well-established business park.
Parking is provided on-site with 43 spaces. The building is currently 50% occupied.
The property is located just off Route 705 and directly across from Suncrest Town Centre, with proximity to WVU Medicine, Mon Health Medical Center, and West Virginia University. It sits on a 0.75-acre site within a well-established business park.
Parking is provided on-site with 43 spaces. The building is currently 50% occupied.
Key Highlights
- 10,000 SF Class B two‑story professional office building built in 1986 with elevator access
- ~5,000 SF floor plates and central air with interior finishes including carpeting and a kitchen area
- Currently 50% occupied, providing in‑place income with remaining space available for lease‑up
Local Financial Insights For Healthcare Medical
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 | $153.0k | $15.00 |
| − Vacancy | −$6.4k | −$0.63 |
| EGI | $146.6k | $14.37 |
| − OpEx | −$58.6k | −$5.75 |
| NOI | $87.9k | $8.62 |
10,199 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 40.00%
Alternative Uses
Best Use
Office B
$2.20M
$1.93M – $2.57M
NOI $154,080 @ 7.0% cap · market cap 11.41%
Second Best
Healthcare Medical
$1.26M
$1.10M – $1.47M
NOI $87,936 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,817 @ 7.0% cap · market cap 15.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gordon Allan Miller
Physician
Gordon A. Miller, DPM
Physician
E-Waste And Surplus Recycling
Recycling Center
Meridian Dental Specialists
Dental Office
GPI / Greenman-Pedersen, Inc.
Engineering Consultant
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FAQs
What type of property is this?
Office building - Two-story Class B office building with elevator, central air, and 43 on-site parking spaces.
Where is this office building located?
The property is located at 2000 Hampton Center Morgantown, WV.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 10,000 SF Class B two‑story professional office building built in 1986 with elevator access; ~5,000 SF floor plates and central air with interior finishes including carpeting and a kitchen area; Currently 50% occupied, providing in‑place income with remaining space available for lease‑up
