Medical Office Building
2195 Cheat Rd Morgantown, WV 26508
For Sale
Contact for pricing
First-floor suite offers 9,191+/- SF and can be subdivided for office, medical, or wellness use.
Property Size15,094 SF
Price / SF$178.88
Days on Market134
Property Features for 2195 Cheat Rd
General Information
- Standard status
- Active
- Size
- 15,094 SF
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing Agency:
Black Diamond Realty
(304) 413-4350
Listed By:
Mark J. Nesselroad · License #WV WV0029167
Source:
Crexi
Added: Mar 13
Changed: Jul 23
Last Checked: Jul 23 at 9:49AM
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 Black Diamond Realty
Investment Insights
Based on property information with market context.
Available is a first-floor suite totaling 9,191 (+/-) square feet, currently vacant and ready for lease. The space can be subdivided to support multiple tenants or smaller users, making it adaptable for office, medical office, or health and wellness programming.
A fully occupied second-floor area totaling 5,152 (+/-) square feet is in place with Mountaineer Orthopedic Specialists, LLC, providing an established healthcare presence within the building. The property sits along Route 857 in the Cheat Lake area of Morgantown, with convenient access near West Virginia Route 43 Exit 1 (Cheat Lake) and Interstate 68 Exit 10 for regional connectivity.
The site is outside city limits, and the public remarks indicate no B&O taxes or zoning restrictions. Visibility is noted along Cheat Road with approximately 5,099 vehicles per day (Esri and Data Axle, 2025).
A fully occupied second-floor area totaling 5,152 (+/-) square feet is in place with Mountaineer Orthopedic Specialists, LLC, providing an established healthcare presence within the building. The property sits along Route 857 in the Cheat Lake area of Morgantown, with convenient access near West Virginia Route 43 Exit 1 (Cheat Lake) and Interstate 68 Exit 10 for regional connectivity.
The site is outside city limits, and the public remarks indicate no B&O taxes or zoning restrictions. Visibility is noted along Cheat Road with approximately 5,099 vehicles per day (Esri and Data Axle, 2025).
Key Highlights
- 9,191+/- SF first‑floor suite is currently vacant and available for lease.
- Suite can be subdivided to accommodate multiple tenants or smaller users.
- Suitable for office, medical office, or health and wellness use.
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 | $394.9k | $26.16 |
| − Vacancy | −$90.8k | −$6.02 |
| EGI | $304.0k | $20.14 |
| − OpEx | −$76.0k | −$5.04 |
| NOI | $228.0k | $15.11 |
15,094 SF · lease $26.16/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.26M
$2.85M – $3.80M
NOI $228,031 @ 7.0% cap · market cap 8.45%
Second Best
Healthcare Medical
$1.86M
$1.63M – $2.17M
NOI $130,140 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$4.35M
$3.81M – $5.08M
NOI $304,599 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
William Post, MD
Physician
Mountaineer Orthopedic Specialists
Medical Clinic
Christine Wade
Physician
Kari Calvert
Physician
Paul Calvert
Physician
FAQs
What type of property is this?
Office units - First-floor suite offers 9,191+/- SF and can be subdivided for office, medical, or wellness use.
Where is this office units located?
The property is located at 2195 Cheat Rd Morgantown, WV.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 9,191+/- SF first‑floor suite is currently vacant and available for lease.; Suite can be subdivided to accommodate multiple tenants or smaller users.; Suitable for office, medical office, or health and wellness use.
