Versatile Commercial Property in
311 Cumberland Valley Pl, Martinsburg, WV 25401
For Sale
$700,000
Mixed-use property with retail, office, and warehouse space.
Property Size4,200 SF
Lot Size0.17 Acres
Price / SF$166.67
Days on Market249
Property Features for 311 Cumberland Valley Pl
General Information
Standard status
Size
Lot size
Building Details
Year Built
Listing Agency:
Samson Properties
Listed By:
Jessica Lynn Swisher · License #WVS200301167
(304) 283-8147
Source:
Premierehomegroup
Added: Mar 5
Changed: Oct 25
Last Checked: Oct 7 at 2:14PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This commercial property is located in downtown Martinsburg and offers versatile space suitable for a range of business uses. The front retail area features custom hand-built wooden shelving, display cases, abundant natural light from multiple windows, and a large interior window overlooking an attached office. Down the hall are multiple private offices, a meeting room with sliding pocket doors, a customer half bath, and a separate employee half bath. The property includes a spacious upper-level loft currently used for storage, with existing heating and air conditioning. The warehouse portion of the building features custom-built wooden shelving and two bay doors measuring approximately 12’ x 10’ and 14’ x 10’. Surrounding the warehouse is a secured, barbed-wire fenced area with a sliding gate, enclosing an approximately 7,200 square foot gravel lot. Recent upgrades include a new central heating and air system for the office/retail area, two new LG mini-splits and a gas heater in the warehouse, new carpet and vinyl flooring, a new roof over the foyer, two new hot water heaters, and a new stackable washer/dryer. The property also offers exterior electric, water, and sewer hookups suitable for RV use. All square footage is estimated.
Key Highlights
- Versatile commercial property in the heart of downtown Martinsburg suitable for a wide range of business uses.
- Warehouse with two bay doors (12’ x 10’ and 14’ x 10’) and a secured, barbed‑wire fenced 7,200 sq ft gravel lot.
- Recent upgrades including new central heating and air system for the office/retail area, two new LG mini‑splits and a gas heater in the warehouse, new flooring, and a new roof over the foyer.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,635
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,700
$812.7K
Cap Rate 7%
$580,500
$580.5K
Cap Rate 9%
$451,500
$451.5K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$63.0K $15.00/SF
− Vacancy
−$8.8K −$2.10/SF
EGI
$54.2K $12.90/SF
− OpEx
−$13.5K −$3.23/SF
NOI
$40.6K $9.68/SF
Area
Berkeley County, WV
Vacancy
14.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,700
Cap Rate 7%
$580,500
Cap Rate 9%
$451,500
Alternative Uses
Best Use
Office B
$580.5K
$507.9K – $677.3K
NOI $40,635 @ 7.0% cap · market cap 5.81%
Second Best
Warehouse
$420.9K
$368.3K – $491.1K
NOI $29,463 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$760.3K
$665.3K – $887.0K
NOI $53,222 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
991
Businesses Nearby
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with retail, office, and warehouse space.
Where is this mixed-use property located?
The property is located at 311 Cumberland Valley Pl Martinsburg, WV.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Versatile commercial property in the heart of downtown Martinsburg suitable for a wide range of business uses.; Warehouse with **two bay doors (12’ x 10’ and 14’ x 10’)** and a secured, barbed‑wire fenced **7,200 sq ft gravel lot.**; Recent upgrades including new central heating and air system for the office/retail area, two new LG mini‑splits and a gas heater in the warehouse, new flooring, and a new roof over the foyer.
