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    3313 4H Camp Rd Morgantown, WV 26508

    Sponsored
    For Sale
    $9,050,000

    Fully Leased, High-Cap Rate Office Complex

    Property size:
    28,841 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully leased, 28,841 square foot office complex situated on a 10.06-acre lot in Morgantown, West Virginia. The property, boasting a 6.76% cap rate, comprises four buildings, each meticulously renovated in 2024. The single tenant, Ascension Recovery Services, is secured by a 20-year lease, ensuring consistent income. The complex features a mix of creative and traditional office spaces, ideal for its current use. Conveniently located two miles from I-79, Exit 146, the property offers a tranquil setting along Booth's Creek, providing a peaceful environment. Built in 1995 and extensively renovated, the property includes a newly constructed 26-bedroom residence hall with a capacity for 53 beds, a commercial kitchen, and dining room. Additional structures include a converted garage and a small cottage. The buildings are of wood frame construction with a combination of wood siding and stone façade, featuring pitched roofs. The HVAC system is a blend of heat pumps and PTAC units, supplemented by two generators for emergency power. The new residence hall is equipped with a sprinkler system. Parking is available for 24 vehicles. This property offers a compelling combination of strong financial performance and a desirable location. The absence of zoning restrictions provides flexibility for future development. The property's unique blend of serene surroundings and convenient access to major transportation routes makes it an attractive investment.

    Property Features for 3313 4H Camp Rd

    General Information

    Property type
    Office space
    Square Feet
    28,841 SF
    Lot Size
    438,214 SF

    Building Details

    Year Built/Renovated
    1995/2024
    Buildings
    4
    Stories
    2

    HighLights

    • 20‑Year Lease with Ascension Recovery Services.
    • Recently Renovated.
    • Features Private Offices.
    • Quiet, ideal setting for wellness and recovery services.
    • Conveniently located near I‑79 (Exit 146).
    Property Profile Location Intelligence

    Current Use by Public Records

    Cabin Cabin Rental Agency Lifepath Llc Business Management Consultant

    Suggested Use

    Realty agency Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morgantown
    County
    Monongalia
    State
    West Virginia
    Longitude
    -79.966698243191
    Latitude
    39.519581712221

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    FAQs

    What type of property is this?
    Office space - Fully Leased, High-Cap Rate Office Complex
    Where is this office space located?
    The property is located at 3313 4H Camp Rd Morgantown, WV.
    What is the asking price?
    The asking price for this property is $9,050,000.
    What are key features of this property?
    This property features: 20-Year Lease with Ascension Recovery Services.; Recently Renovated.; Features Private Offices.
    Request Owner's contact information
    3313 4H Camp Rd Morgantown, WV 26508
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3313 4H Camp Rd Morgantown, WV 26508
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