Commercial Real Estate Market in Shepherdstown, WV
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
23 active listings and 165 off-market properties in Shepherdstown, WV. Commercial property asks $564/SF to buy and $13.60/SF/Yr to lease.
Market Trends
Shepherdstown, WV spans 30.7 square miles in Jefferson County, West Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Shepherdstown, WV runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Shepherdstown, WV runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Shepherdstown, WV runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Shepherdstown, WV runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 44.1%
- Civic 21.6%
- Planned_development 12.4%
- Commercial 10.7%
- Open space 10%
Largest Zones share of zoned land by district
Low Density Residential
Shepherd University
Planned Unit Development
Conservation Open Space
Residential Commercial
Residential Commercial (RC)
CHAPTER 6 - RC (Residential Commercial) District Section 9-601 Declaration of public purpose The purpose of the Residential Commercial Zone is to reinforce the economic base of the town by preserving the central business uses unique to Shepherdstown. Secondly, the Residential Commercial Zone is intended to complement the Historic District to more effectively…
Market overview
Demographics & Economy
Shepherdstown, WV has 7,852 residents in 2,816 households. Density runs 256 people per square mile. Median household income here is $103,933 and median gross rent $1,013 a month.
7,852
Population
2,816
Households
2.8
Avg Household Size
42
Median Age
58%
College-Educated
95%
High-School Grad
30.7 sq mi
ZIP Area
256
Density / Sq Mi
$103,933
Median Household Income
$45,546
Median Earnings
$1,013
Median Rent
$395,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sharpsburg | — | — |
| Bakerton | — | — |
| Kearneysville | — | — |
| Shenandoah Junction | — | — |
Commercial property in Shepherdstown, WV asks $564/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Shepherdstown?
Commercial property in Shepherdstown, WV asks an average of $564 per square foot.
How much does it cost to lease commercial space in Shepherdstown?
Asking lease rates in Shepherdstown, WV average $13.60 per square foot per year.
Where does Realmo's Shepherdstown market data come from?
Realmo compiles Shepherdstown, WV figures from 4 recent recorded sales, 21 active sale listings, 2 active lease listings, 165 tracked off-market properties, the current Shepherdstown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 2 active for-lease listings in Shepherdstown, WV. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 213 zoned acres across 9 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
