Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Morgantown Office/Retail Space Title is generated by Realmo AI

    496 High St, Morgantown, WV 26505

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime location with excellent visibility on High Street.

    Type:Office
    Added:
    May 11, 2023
    Days on Market:
    1107
    Last Refresh:
    May 12 at 9:04 pm

    Property Features for 496 High St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1985

    Spaces For Lease

    at 496 High St Contact us

    We can help!

    Listing Contact
    Rich Lane

    Listing agent Rich Lane License #WV 0017924

    Listing office Petroplus Lane, LLC

    Listing date May 11, 2023

    Source Crexi

    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 Petroplus Lane, LLC

    HighLights

    • Prime location in Downtown Morgantown.
    • Excellent visibility on Top of High Street.
    • Professional office space suitable for medical or retail use.
    • Includes conference room, kitchen, and restrooms.
    • Located on the 2nd and 3rd floor.
    • Elevator access.

    Overview

    Located in downtown Morgantown, this property offers professional office space suitable for medical or retail use. Situated on the 2nd and 3rd floors, access is provided by an elevator. The layout includes offices, a conference room, a kitchen, and restrooms. The property benefits from excellent visibility on High Street.
    Location Intelligence

    Current Use by Public Records

    CVS Photo (Bike/Boat/Book/etc) Store CVS Pharmacy Arica Montgomery Pharmacy CDReload - Online Bitcoin ... Crypto Atm MoneyGram Bank

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Morgantown
    County
    Monongalia
    State
    West Virginia
    Longitude
    -79.9536993
    Latitude
    39.6318995

    Nearby Similar for Lease

    • Contact for pricing

      Former Restaurant Space on Don Knotts

      Turn-key restaurant space or adaptable for retail/service use.
      215 Don Knotts Blvd, Morgantown, WV 26501
      View Details
    • Contact for pricing
      12,000 SF

      Suncrest Office Building For Rent

      Two-story office building in Morgantown's desirable Suncrest professional corridor.
      99 J D Anderson Dr, Morgantown, WV 26505
      View Details
    • Contact for pricing
      1,978 SF

      Move-in-Ready Office Suite Available

      Office suite with conference room, kitchenette, and private entrance.
      304 Scott Ave, Morgantown, WV 26508
      View Details
    • Contact for pricing
      20,000 SF

      Morgantown Flex Space with Office

      Flex space with built-out office in Morgantown's Chaplin Hill.
      112 Corporate Dr, Morgantown, WV 26501
      View Details
    • Contact for pricing
      31,835 SF

      Former Restaurant Space on Don Knotts

      Turn-key restaurant space or adaptable for retail/service use.
      215 Don Knotts Blvd, Morgantown, WV 26501
      View Details
    • Contact for pricing
      3,976 SF

      Industrial Single Tenant Space

      Industrial space available for rent, 3,976 square feet.
      1535 Sabraton Ave, Morgantown, WV 26505
      View Details
    • Contact for pricing
      6,000 SF

      Available Office Space Near WVU

      Two-story, approximately 6,000 SF office space near West Virginia University.
      Morgantown, WV 26505
      View Details
    • Contact for pricing
      2,499 SF

      Turnkey Restaurant Space Near WVU

      Ground floor retail space near West Virginia University with patio.
      Beechurst Ave 331, Morgantown, WV
      View Details
    • Contact for pricing
      6,500 SF

      Turnkey Restaurant Space Near WVU

      6,500 SF restaurant space available near WVU.
      207 Willey St, Morgantown, WV 26505
      View Details
    • Contact for pricing
      25,000 SF

      Morgantown Office Space Available

      25,000 square foot office space for rent in Morgantown.
      423 Fortress Boulevard, Morgantown, WV, 26508
      View Details
    • Contact for pricing
      30,381 SF

      Retail Space for Sublease

      Retail space available for sublease in Morgantown, WV.
      5200 Gateway Dr, Morgantown, WV
      View Details
    • Contact for pricing
      8,408 SF

      Retail Space Available in Morgantown

      Retail property available for lease in Morgantown, West Virginia.
      100 Fieldview Ave, Morgantown, WV
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Prime location with excellent visibility on High Street.
    Where is this medical office space located?
    The property is located at 496 High St Morgantown, WV.
    What are key features of this property?
    This property features: Prime location in Downtown Morgantown.; Excellent visibility on Top of High Street.; Professional office space suitable for medical or retail use.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rich Lane
    Real Estate License ID: WV 0017924
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    496 High St, Morgantown, WV 26505
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!