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    110 Aladdin Ln Martinsburg, WV 25405

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    For Sale
    Contact for pricing

    Retail property, 20,000 sq ft, 5.85 acres, $515,000.

    Property size:
    21,750 SF

    Property Features for 110 Aladdin Ln

    General Information

    Property type
    Land
    Square Feet
    21,750 SF
    Lot Size
    254,826 SF

    Building Details

    Units
    1

    We can help!

    Listing Contact
    Diva L Bunting
    Diva L Bunting

    Listing Agency: Touchstone Realty, LLC Listing Agent: Diva L Bunting

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

    Learn more

    Overview

    This exceptional commercial property located at 110 Aladdin Ln, Martinsburg, WV 25405, presents a unique investment opportunity. The 5.85-acre lot features a 21,750 square foot building with 20,000 square feet of net rentable space, currently priced at $23.68 per square foot. The property includes a tenant-occupied double-wide mobile home generating $1,000 in monthly rental income. This income stream is conveyed with the sale. The site boasts ample parking with 10 spaces available. The property is zoned for retail use and is further enhanced by existing approvals from the Department of Highways, Department of Environmental Protection, and Berkeley County for a 146-unit storage facility. Detailed plans for this facility are available upon request. The approved plans allow for a potential Phase 2 expansion, offering significant future development possibilities. The property's APN is 01 15010500010000. This is a turnkey opportunity to acquire a profitable retail property with significant upside potential in a prime location. Don't miss this chance to own a piece of Martinsburg's thriving commercial landscape.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Martinsburg
    County
    Berkeley
    State
    West Virginia
    Longitude
    -77.9759274
    Latitude
    39.4000262

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    FAQs

    What type of property is this?
    Land - Retail property, 20,000 sq ft, 5.85 acres, $515,000.
    Where is this land located?
    The property is located at 110 Aladdin Ln Martinsburg, WV.
    What is the asking price?
    The asking price for this property is $515,000.
    What are key features of this property?
    This property features: $515,000 asking price.; Retail and land property totaling 21,750 square feet.; 20,000 square feet of net rentable space.
    (304) 260-9380 Call to check price and availability
    Request Owner's contact information
    110 Aladdin Ln Martinsburg, WV 25405
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    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
    110 Aladdin Ln Martinsburg, WV 25405
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Diva L Bunting
    Diva L Bunting
    Real Estate License ID: WV0025133
    (304) 260-9380 (304) 263-2600 (304) 702-4141
    Learn more
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