Brick Office
For Sale
$225,000
319 S RALEIGH STREET, Martinsburg, WV 25401
Downtown setting across from municipal offices and a courthouse complex supports a recognizable professional address.
Property Size1,000 SF
Price / SF$225
Days on Market49
Property Features for 319 S RALEIGH STREET
General Information
Standard status
Active
Size
1,000 SF
Total Parking Spaces
8
Property subtype
Commercial
Zoning
Downtown District
Building Details
Year Built
1973
Buildings
1
Construction
brick
Listing Agency:
Hensell Realty, Co.
(304) 267-2958
Listed By:
Charles W Hensell Jr. · License #WV0015585
(304) 671-0678
Source:
Cummingsrealtors
Added: Aug 19
Changed: Oct 6
Last Checked: Oct 5 at 7:15PM
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 Hensell Realty, Co.
Investment Insights
Based on property information with market context.
This brick office building at 319 S Raleigh St in Martinsburg was constructed in 1973 and is configured for professional use. The interior includes approximately 4–5 private offices, a reception and waiting area, a half bath, and a heat pump. Approximately 6–8 parking spaces are also provided.
The property sits directly across from the Berkeley County municipal offices and courthouse complex, placing it in a central downtown setting with convenient access to government services. It is zoned Downtown District, where office uses are permitted; certain uses, including medical clinics, may require additional approval. The layout and location are suited to an owner-user, professional practice, or investor seeking office space in Martinsburg.
The property sits directly across from the Berkeley County municipal offices and courthouse complex, placing it in a central downtown setting with convenient access to government services. It is zoned Downtown District, where office uses are permitted; certain uses, including medical clinics, may require additional approval. The layout and location are suited to an owner-user, professional practice, or investor seeking office space in Martinsburg.
Key Highlights
- Approximately 4–5 private offices with reception and waiting area
- Approximately 6–8 parking spaces
- Brick office building constructed in 1973
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,675
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,500
$193.5K
Cap Rate 7%
$138,214
$138.2K
Cap Rate 9%
$107,500
$107.5K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$15.0K $15.00/SF
− Vacancy
−$2.1K −$2.10/SF
EGI
$12.9K $12.90/SF
− OpEx
−$3.2K −$3.23/SF
NOI
$9.7K $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%
$193,500
Cap Rate 7%
$138,214
Cap Rate 9%
$107,500
Alternative Uses
Best Use
Office B
$138.2K
$120.9K – $161.3K
NOI $9,675 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$181.0K
$158.4K – $211.2K
NOI $12,672 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,162
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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Downtown setting across from municipal offices and a courthouse complex supports a recognizable professional address.
Where is this office building located?
The property is located at 319 S RALEIGH STREET Martinsburg, WV.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Approximately 4–5 private offices with reception and waiting area; Approximately 6–8 parking spaces; Brick office building constructed in 1973
