Commercial Land with Metal
For Sale
$164,900
Pending
3679 Grafton Road, Morgantown, WV 26508
LAND - Morgantown, WV
Property Size1,280 SF
Lot Size1.99 Acres
Days on Market52
Property Features for 3679 Grafton Road
General Information
Property type
Land
Property subtype
Other
Directions
Directions: From I-68, take exit 1 towards US-119S, travel 6.9 miles property will be on your left. If you make it to Gladesville Road you've traveled too far.
Standard status
Pending
APN
31-05-0025-0047-0000
Lot size
1.99 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
788
Building Details
Additional Structures
Outbuilding
Listing Agency:
Joe R. Pyle Complete Auction and Realty Service
(304) 592-6000
Listed By:
Jordan Kiger
(304) 592-6000
Added: Jun 19
Changed: Jul 27
Last Checked: Aug 9 at 6:06PM
MLS# 11842212
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property consists of approximately 1.99 acres (as assessed) with a 32-by-40 metal building. The site includes storage units, with the existing storage unit layout shown in the provided images. It is being offered with options for use as storage units, as a building lot, or for commercial development, subject to applicable requirements.
Located at 3679 Grafton Road in Morgantown, WV 26508, the property features 210’ of road frontage along US-119. The sale is scheduled for public auction ending Monday, July 20th at 7:00 PM, with online bidding only via the Joe R. Pyle Auctions website.
Located at 3679 Grafton Road in Morgantown, WV 26508, the property features 210’ of road frontage along US-119. The sale is scheduled for public auction ending Monday, July 20th at 7:00 PM, with online bidding only via the Joe R. Pyle Auctions website.
Key Highlights
- 1.99 +/- acres (as assessed) with 210' road frontage along US‑119
- 32x40 metal building
- Includes storage units (see image layout) plus building lot or commercial development potential
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,881
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$217,620
$217.6K
Cap Rate 7%
$155,443
$155.4K
Cap Rate 9%
$120,900
$120.9K
Market Conditions
NOI Build-Up for 1,280 SF
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.
Gross rent
$16.9K $13.20/SF
− Vacancy
−$1.4K −$1.06/SF
EGI
$15.5K $12.14/SF
− OpEx
−$4.7K −$3.64/SF
NOI
$10.9K $8.50/SF
Area
Monongalia County, WV
Vacancy
8.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$217,620
Cap Rate 7%
$155,443
Cap Rate 9%
$120,900
Alternative Uses
Best Use
Self Storage
$155.4K
$136.0K – $181.4K
NOI $10,881 @ 7.0% cap · market cap 6.60%
Second Best
Warehouse
$130.4K
$114.1K – $152.1K
NOI $9,126 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$369.0K
$322.9K – $430.5K
NOI $25,831 @ 7.0% cap · market cap 15.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 26508, WV
36,907
Population
16,829
Households
2.2
Avg Household Size
37
Median Age
50%
College-Educated
95%
High-School Grad
123.1 sq mi
ZIP Area
300
Density / Sq Mi
$83,247
Median Household Income
$51,072
Median Earnings
$984
Median Rent
$287,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Commercial land offered with a 32-by-40 metal building and storage unit layout, with 210' road frontage on US-119.
Where is this self storage facility located?
The property is located at 3679 Grafton Road Morgantown, WV.
What is the asking price?
The asking price for this property is $164,900.
What are key features of this property?
This property features: 1.99 +/- acres (as assessed) with 210' road frontage along US‑119; 32x40 metal building; Includes storage units (see image layout) plus building lot or commercial development potential
