Medical Office Space For
For Sale
Contact for pricing
176 Health Care Ln, Martinsburg, WV 25401
Well-equipped medical office space near hospital and commuter routes.
Property Size2,200 SF
Price / SF$204.55
Days on Market815
Property Features for 176 Health Care Ln
General Information
Standard status
Active
Size
2,200 SF
Class
C
Property subtype
Office
Zoning
C
Investment Type
Owner/User
Building Details
Year Built
2009
Stories
1
Tenancy
Single
Listing Agency:
Long & Foster Real Estate, Inc. Martinsburg Foxcroft
Listed By:
Butch Cazin · License #WV0015220
(304) 260-0075
Source:
Crexi
Added: Aug 6, 2024
Changed: Oct 25
Last Checked: Oct 28 at 6:20AM
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 Long & Foster Real Estate, Inc. Martinsburg Foxcroft
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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 medical office space is designed for healthcare professionals. The suite includes five exam rooms, a waiting room, two bathrooms, a kitchen, and two private offices. The property is located near a major hospital and key commuter routes, offering accessibility and visibility. The HVAC system was replaced in 2020. The property size is 2200 square feet. Annual property maintenance is $300.
Key Highlights
- Prime location near a major hospital and key commuter routes.
- Fully equipped medical office space with five exam rooms.
- Includes a comfortable waiting room, kitchen, and two private offices.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,285
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,700
$425.7K
Cap Rate 7%
$304,071
$304.1K
Cap Rate 9%
$236,500
$236.5K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$33.0K $15.00/SF
− Vacancy
−$4.6K −$2.10/SF
EGI
$28.4K $12.90/SF
− OpEx
−$7.1K −$3.23/SF
NOI
$21.3K $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%
$425,700
Cap Rate 7%
$304,071
Cap Rate 9%
$236,500
Alternative Uses
Best Use
Office B
$304.1K
$266.1K – $354.8K
NOI $21,285 @ 7.0% cap · market cap 4.73%
Second Best
Healthcare Medical
$259.4K
$227.0K – $302.6K
NOI $18,157 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$398.3K
$348.5K – $464.6K
NOI $27,878 @ 7.0% cap · market cap 6.20%
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
729
Businesses Nearby
Under-served
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Tedrow Annie DVM — 519 Warm Springs Ave, Martinsburg, WV 25404
Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-equipped medical office space near hospital and commuter routes.
Where is this medical office space located?
The property is located at 176 Health Care Ln Martinsburg, WV.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Prime location near a major hospital and key commuter routes.; Fully equipped medical office space with **five exam rooms**.; Includes a comfortable waiting room, kitchen, and two private offices.
