Medical Office Space For
176 Health Care Ln Martinsburg, WV 25401
For Sale
Contact for pricing
Well-equipped medical office space near hospital and commuter routes.
Property Size2,200 SF
Price / SF$226.82
Days on Market721
Property Features for 176 Health Care Ln
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Office
Building Details
Year Built
2009
Listing Agency:
Long & Foster Real Estate, Inc. Martinsburg Foxcroft
(304) 279-3863
Listed By:
Butch Cazin · License #WV0015220
Source:
Crexi
Added: Aug 6, 2024
Changed: Jul 6
Last Checked: Jul 24 at 9:49AM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.0k | $15.00 |
| − Vacancy | −$4.6k | −$2.10 |
| EGI | $28.4k | $12.90 |
| − OpEx | −$7.1k | −$3.23 |
| NOI | $21.3k | $9.68 |
2,200 SF · lease $15.00/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$304.1K
$266.1K – $354.8K
NOI $21,285 @ 7.0% cap · market cap 4.27%
Second Best
Healthcare Medical
$259.4K
$227.0K – $302.6K
NOI $18,157 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$398.3K
$348.5K – $464.6K
NOI $27,878 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
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 $499,000.
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.
