Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    94 Long St Westover, WV 26501

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two buildings, prime location, immediate occupancy.

    Property size:
    16,717 SF

    Property Features for 94 Long St

    General Information

    Property type
    Distribution properties
    Square Feet
    16,717 SF
    Lot Size
    65,340 SF

    Building Details

    Year Built/Renovated
    1950/2022
    Buildings
    2
    Stories
    2

    We can help!

    Listing Contact
    Rich Lane
    Rich Lane

    Listing Agency: Petroplus Lane, LLC Listing Agent: Rich Lane

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional investment opportunity presents two mixed-use buildings totaling 16,717 to 19,432 square feet, situated on a 1.5-acre lot in Westover, West Virginia. Located minutes from Downtown Morgantown, the property offers convenient access to major transportation routes. The buildings, constructed in 1950 and extensively renovated in 2022, comprise a blend of industrial, office, and special-purpose spaces. One building features 2,569 square feet of industrial space, while the other encompasses approximately 12,678 square feet of space currently used as a brewery/restaurant, plus an additional 3,360 square feet of two-story office space. The property boasts a total of 40 parking spaces and two loading docks, catering to the needs of multiple tenants. Currently a multi-tenant property with two occupants, the lease type is NNN, and occupancy is available March 1st, 2024. The property's unique blend of uses, combined with its strategic location and recent renovations, makes it an ideal investment for owner-users seeking a versatile and well-maintained property. The property includes two buildings, each with distinct features, offering flexibility for various business needs. The property's Assessed Parcel Number (APN) is 19 6037600010000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Westover
    County
    Monongalia
    State
    West Virginia
    Longitude
    -79.9599272
    Latitude
    39.6330571

    Nearby Similar for Sale

    • $475,000
      12,292 SF

      Westover Mixed-Use Investment Opportunity

      Mixed-use property with apartments and commercial spaces in Westover.
      1-9 Ohio Ave, Westover, WV 26501
      View Details
    • $475,000
      12,292 SF

      Westover WV Commercial Property

      Large industrial space, great location.
      1-9 Ohio Ave, Westover, WV 26501
      View Details

    FAQs

    What type of property is this?
    Distribution property - Two buildings, prime location, immediate occupancy.
    Where is this distribution property located?
    The property is located at 94 Long St Westover, WV.
    What are key features of this property?
    This property features: Exceptional investment opportunity: Two mixed-use buildings totaling 16,717-19,432 square feet on a 1.5-acre lot in Westover, WV.; Minutes from Downtown Morgantown with convenient access to major transportation routes.; 1950 construction, extensively renovated in 2022; mix of industrial, office, and special-purpose space.
    (304) 284-5001 Call to check price and availability
    Request Owner's contact information
    94 Long St Westover, WV 26501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    94 Long St
    Westover, WV 26501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    94 Long St Westover, WV 26501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rich Lane
    Rich Lane
    Real Estate License ID: 0017924
    (304) 284-5001
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!