Freestanding Office
New
For Sale
$429,000
604 WILSON STREET, Martinsburg, WV 25401
A flexible office layout is supported by recent building upgrades and on-site parking.
Property Size3,468 SF
Lot Size0.28 Acres
Price / SF$123.70
Days on Market7
Property Features for 604 WILSON STREET
General Information
Standard status
Active
Size
3,468 SF
Total Parking Spaces
16
Lot size
0.28 Acres
Property subtype
Commercial
Zoning
C
Additional Details
Highway Access
Yes
Amenities
Level 2 EV charger
Building Details
Year Built
1975
Buildings
1
Building Size
3,468 SF
Construction
brick
Listing Agency:
Weichert Realtors - Blue Ribbon
Listed By:
Tracy C Adams · License #WV0028430
(304) 262-8700
Source:
Cummingsrealtors
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 5 at 6:53PM
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 Weichert Realtors - Blue Ribbon
Investment Insights
Based on property information with market context.
This freestanding office property contains 3,468 square feet in a brick building on a 0.28-acre lot. The layout can accommodate medical, professional, or general office use. A new roof, flooring, and heat pumps were installed in 2021, followed by a Level 2 EV charger in 2024. The building was constructed in 1975 and is zoned C.
The property is at 604 Wilson St in Martinsburg, with access to I-81 via Exit 12.
The property is at 604 Wilson St in Martinsburg, with access to I-81 via Exit 12.
Key Highlights
- 3,468‑square‑foot brick office building on a 0.28‑acre lot
- 16 parking spaces
- 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
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - A flexible office layout is supported by recent building upgrades and on-site parking.
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 on a 0.28‑acre lot; 16 parking spaces; Roof, flooring, and heat pumps installed in 2021
