Turn-Key Car Wash
For Sale
Contact for pricing
442 Williamsport Pike, Martinsburg, WV 25404
Car wash property with redevelopment potential in high-traffic area.
Property Size7,667 SF
Price / SF$280.42
Days on Market1050
Property Features for 442 Williamsport Pike
General Information
Standard status
Active
Size
7,667 SF
Property subtype
Special Purpose
Building Details
Year Built
2006
Buildings
2
Listing Agency:
Black Diamond Realty
Listed By:
W. Aaron Poling · License #WV0027374
(304) 263-7800
Source:
Crexi
Added: Nov 30, 2023
Changed: Oct 13
Last Checked: Oct 12 at 4:45PM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Turn‑key car wash business opportunity.
- Prime location on Route 11.
- High visibility at the intersection of Route 11 and Route 9.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,678
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,493,560
$1.5M
Cap Rate 7%
$1,066,829
$1.1M
Cap Rate 9%
$829,756
$829.8K
Market Conditions
NOI Build-Up for 7,667 SF
Gross rent
$107.6K $14.04/SF
− Vacancy
−$8.1K −$1.05/SF
EGI
$99.6K $12.99/SF
− OpEx
−$24.9K −$3.25/SF
NOI
$74.7K $9.74/SF
Area
Berkeley County, WV
Vacancy
7.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,493,560
Cap Rate 7%
$1,066,829
Cap Rate 9%
$829,756
Alternative Uses
Best Use
Specialty Retail
$1.07M
$933.5K – $1.24M
NOI $74,678 @ 7.0% cap · market cap 3.47%
Second Best
Retail
$706.4K
$618.1K – $824.1K
NOI $49,445 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,156 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
287k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Shops & Services 25%
Groceries 23%
Home Improvements & Furnishings 8%
McDonald's
Dining
31,043 visits/mo
0.3 miles
Martin's Food Market
Groceries
25,800 visits/mo
0.2 miles
Big Lots
Superstores
22,517 visits/mo
0.2 miles
Tractor Supply Co.
Home Improvements & Furnishings
18,762 visits/mo
0.3 miles
Dollar Tree
Shops & Services
17,741 visits/mo
0.2 miles
Demographics for 25404, WV
23,034
Population
9,973
Households
2.3
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
37.9 sq mi
ZIP Area
608
Density / Sq Mi
$68,897
Median Household Income
$42,976
Median Earnings
$1,228
Median Rent
$226,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
