442 Williamsport Pike Martinsburg, WV 25404
Car wash property with redevelopment potential in high-traffic area.
Property Features for 442 Williamsport Pike
General Information
- Standard status
- Active
- Size
- 7,667 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 2006
Listing office Black Diamond Realty
Listing date Nov 30, 2023
Source Crexi
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.
Key Highlights
- Turn‑key car wash business opportunity.
- Prime location on Route 11.
- High visibility at the intersection of Route 11 and Route 9.
Local Financial Insights For Specialty Retail
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 | $107.6k | $14.04 |
| − Vacancy | −$8.1k | −$1.05 |
| EGI | $99.6k | $12.99 |
| − OpEx | −$24.9k | −$3.25 |
| NOI | $74.7k | $9.74 |
