Freestanding Office
New
For Sale
$429,000
604 WILSON Street, Martinsburg, WV 25401
Commercial Sale, MARTINSBURG, WV
Property Size3,468 SF
Lot Size0.28 Acres
Price / SF$123.70
Days on Market7
Property Features for 604 WILSON Street
General Information
Property type
Other
Property subtype
Office
Parking
16
Parking features
Parking Lot
Elementary school district
BERKELEY COUNTY SCHOOLS
Middle school district
BERKELEY COUNTY SCHOOLS
High school district
BERKELEY COUNTY SCHOOLS
Standard status
Active
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
4936
Utilities
Heating system
Electric (Heating), Baseboard
Cooling system
Central Air
Amenities
Level 2 EV charger
Building Details
Year built
1975
Building materials
Brick
Listing Agency:
Weichert Realtors - Blue Ribbon
(304) 262-8700
Listed By:
Tracy C Adams · License #WV0028430
(304) 820-3537
Added: Sep 30
Changed: Oct 5
Last Checked: Oct 6 at 5:06AM
MLS# WVBE2054658
Copyright © 2026 Bright 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 freestanding office property contains 3,468 square feet in a brick building on a 0.2755-acre parcel. The layout has accommodated both an orthodontic practice and a real estate brokerage, with potential for medical, professional, or general office use. Central air and electric baseboard heating serve the building.
Capital improvements include a roof, flooring, and heat pumps installed in 2021, followed by a Level 2 EV charger in 2024. The property includes 16 parking spaces and offers access to I-81 through Exit 12.
Capital improvements include a roof, flooring, and heat pumps installed in 2021, followed by a Level 2 EV charger in 2024. The property includes 16 parking spaces and offers access to I-81 through Exit 12.
Key Highlights
- 3,468‑square‑foot brick office building
- 0.2755‑acre site with 16 parking spaces
- New roof, flooring, and heat pumps installed in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,553
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,060
$671.1K
Cap Rate 7%
$479,329
$479.3K
Cap Rate 9%
$372,811
$372.8K
Market Conditions
NOI Build-Up for 3,468 SF
Gross rent
$52.0K $15.00/SF
− Vacancy
−$7.3K −$2.10/SF
EGI
$44.7K $12.90/SF
− OpEx
−$11.2K −$3.23/SF
NOI
$33.6K $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%
$671,060
Cap Rate 7%
$479,329
Cap Rate 9%
$372,811
Alternative Uses
Best Use
Office B
$479.3K
$419.4K – $559.2K
NOI $33,553 @ 7.0% cap · market cap 7.82%
Second Best
Healthcare Medical
$408.9K
$357.8K – $477.0K
NOI $28,621 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$627.8K
$549.3K – $732.4K
NOI $43,946 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
605
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Brick construction and a flexible interior support medical, professional, or general office use.
Where is this office building located?
The property is located at 604 WILSON Street Martinsburg, WV.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 3,468‑square‑foot brick office building; 0.2755‑acre site with 16 parking spaces; New roof, flooring, and heat pumps installed in 2021
