Commercial Land with
New
For Sale
$179,000
445 DELMAR ORCHARD ROAD, Martinsburg, WV 25403
A two-story warehouse and garage structure stands on the commercially zoned parcel, which has existing electricity.
Property Size1,000 SF
Price / SF$179
Days on Market5
Property Features for 445 DELMAR ORCHARD ROAD
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Business
Building Details
Year Built
1968
Listing Agency:
Samson Properties
(304) 918-2740
Listed By:
Sasha Lerner · License #RSR006709
(304) 308-1566
Source:
Cummingsrealtors
Added: Oct 22
Changed: Oct 26
Last Checked: Oct 24 at 1:57PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1.89-acre commercial parcel at 445 Delmar Orchard Road in Martinsburg includes a two-story warehouse/garage outbuilding. The property record gives a 1968 year built. Commercial zoning is in place, and electricity is present. The parcel is being sold in its current condition, with all due diligence the buyer’s responsibility.
The land has frontage on Delmar Orchard Road and is surrounded by residential properties and orchards. The source also notes that residential use would require county approval for a change of use.
The land has frontage on Delmar Orchard Road and is surrounded by residential properties and orchards. The source also notes that residential use would require county approval for a change of use.
Key Highlights
- 1.89 acres with commercial zoning
- Two‑story warehouse/garage outbuilding; year built 1968
- Frontage on Delmar Orchard Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,015
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$140,300
$140.3K
Cap Rate 7%
$100,214
$100.2K
Cap Rate 9%
$77,944
$77.9K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$9.0K $9.00/SF
− Vacancy
−$747 −$0.75/SF
EGI
$8.3K $8.25/SF
− OpEx
−$1.2K −$1.24/SF
NOI
$7.0K $7.02/SF
Area
Berkeley County, WV
Vacancy
8.30%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$140,300
Cap Rate 7%
$100,214
Cap Rate 9%
$77,944
Alternative Uses
Best Use
Warehouse
$100.2K
$87.7K – $116.9K
NOI $7,015 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$181.0K
$158.4K – $211.2K
NOI $12,672 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 25403, WV
15,316
Population
6,477
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
96%
High-School Grad
40.4 sq mi
ZIP Area
379
Density / Sq Mi
$82,190
Median Household Income
$50,633
Median Earnings
$1,381
Median Rent
$301,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Commercial land - A two-story warehouse and garage structure stands on the commercially zoned parcel, which has existing electricity.
Where is this commercial land located?
The property is located at 445 DELMAR ORCHARD ROAD Martinsburg, WV.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: 1.89 acres with commercial zoning; Two‑story warehouse/garage outbuilding; year built 1968; Frontage on Delmar Orchard Road
