Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turn-Key Car Wash Opportunity Title is generated by Realmo AI

    442 Williamsport Pike, Martinsburg, WV 25404

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Car wash property with redevelopment potential in high-traffic area.

    Type:Special Purpose
    Property size:
    7,667 SF
    Price / SF:
    $280/SF
    Added:
    Nov 30, 2023
    Days on Market:
    911
    Last Refresh:
    May 12 at 8:41 pm

    Property Features for 442 Williamsport Pike

    General Information

    Standard status
    Active
    Size
    7,667 SF
    Property subtype
    Special Purpose

    Building Details

    Year Built
    2006

    We can help!

    Listing Contact
    W. Aaron Poling
    W. Aaron Poling

    Listing agent W. Aaron Poling License #WV0027374

    Listing office Black Diamond Realty

    Listing date Nov 30, 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 Black Diamond Realty

    HighLights

    • Turn‑key car wash business opportunity.
    • Prime location on Route 11.
    • High visibility at the intersection of Route 11 and Route 9.
    • Generational investment and/or redevelopment opportunity.
    • Located at a high‑traffic hard corner.
    • Situated in rapidly growing Martinsburg.

    Overview

    Located along Route 11, the property at 442 Williamsport Pike is a car wash facility offering 7,667 square feet of space. Situated at the intersection of Route 11 and Route 9, the property benefits from high visibility. This property presents an investment or redevelopment opportunity at a hard corner location in Martinsburg.
    Property Profile Location Intelligence

    Current Use by Public Records

    Car washes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinsburg
    County
    Berkeley
    State
    West Virginia
    Longitude
    -77.9558588
    Latitude
    39.4751083

    Nearby Similar for Sale

    • $389,900

      Renovated Office Building on Winchester

      Turnkey commercial office building on highly visible Winchester Avenue.
      1008 WINCHESTER AVE, MARTINSBURG, WV 25401
      View Details
    • $499,000

      Martinsburg Medical Office Space For Sale

      Prime medical office space near hospital and commuter routes.
      176 HEALTH CARE LN #1, MARTINSBURG, WV 25401
      View Details
    • $950,000

      Martinsburg Land with Rental Income

      4.56 acre lot with rental income in Martinsburg, WV.
      310 N RALEIGH Street, MARTINSBURG, WV 25401
      View Details
    • $899,900
      10,300 SF

      Versatile Commercial Property on Winchester Ave

      Three buildings on 0.90 acres, high-traffic area, endless possibilities.
      1886 Winchester Ave, Martinsburg, WV 25405
      View Details
    • $899,900
      10,300 SF

      Commercial Property with Three Buildings

      High-traffic commercial property featuring three buildings on 0.90 acres.
      1886 WINCHESTER Ave, Martinsburg, WV 25405
      View Details
    • $700,000

      Versatile Commercial Property in Martinsburg

      Mixed-use property with retail, office, and warehouse space.
      311 CUMBERLAND VALLEY, Martinsburg, WV 25401
      View Details
    • $1,299,000
      12,722 SF

      Versatile Commercial Property on 2.2 Acres

      12,722 sq ft commercial space near I-81.
      61 N EAGLE SCHOOL Rd, Martinsburg, WV 25404
      View Details
    • $274,900
      2,188 SF

      Martinsburg Duplex: Investor Special

      High-yield duplex in Martinsburg with strong rental history and seasoned tenants.
      517- 517 1/2-2 S KENTUCKY Avenue, MARTINSBURG, WV 25401
      View Details
    • $650,000
      6,600 SF

      Martinsburg Commercial Building For Sale

      6,600 sq ft commercial building suitable for retail, office, mixed-use.
      824 N QUEEN St, Martinsburg, WV 25404
      View Details
    • $389,900
      2,009 SF

      Renovated Office Building on Winchester

      Turnkey commercial office building on high-traffic Winchester Avenue.
      1008 Winchester Ave, Martinsburg, WV 25401
      View Details
    • $370,000
      3,504 SF

      Martinsburg Multifamily Investment Opportunity

      Four-unit building in Martinsburg, fully occupied, great investment property.
      535-537 ROUNDHOUSE Way, MARTINSBURG, WV 25404
      View Details
    • $439,900

      Income-Producing Property Near Martinsburg, WV

      9.4-acre property with multiple rental streams and versatile use potential.
      2079 KELLY ISLAND Road, MARTINSBURG, WV 25405
      View Details

    FAQs

    What type of property is this?
    Car wash - Car wash property with redevelopment potential in high-traffic area.
    Where is this car wash located?
    The property is located at 442 Williamsport Pike Martinsburg, WV.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: Turn‑key car wash business opportunity.; Prime location on Route 11.; High visibility at the intersection of Route 11 and Route 9.
    (304) 413-4350 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing W. Aaron Poling
    W. Aaron Poling
    Real Estate License ID: WV0027374
    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
    442 Williamsport Pike, Martinsburg, WV 25404
    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!