Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15 Excavation Ln Morgantown, WV 26508
    Property profile & analytics

    15 Excavation Ln, Morgantown, WV 26508

    View on Map
    • Warehouses
    • 7,500 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 15 Excavation Ln

    Year built
    2022
    Property size
    7,500 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 7,500-square-foot Class A industrial warehouse, built in 2022, sits on a 1.73-acre lot in Morgantown, West Virginia. The single-story building boasts a 20-foot ceiling height, four 14' x 14' overhead doors, and three 36" steel entry doors, making it ideal for manufacturing, warehousing, or distribution. The property features 3-phase power, natural gas hookups, and is plumbed for three bathrooms. Three 1" water meters and three natural gas meters are in place. A large gravel parking lot accommodates approximately 90 vehicles, including ADA-accessible spaces, and could also serve as a storage yard. The building includes 6" ceiling insulation and 4" wall insulation, along with LED bay lighting. A 50' x 150' paved area directly in front of the building and a 24' wide paved access road enhance functionality. Conveniently located just off Fairchance Road, it offers easy access to I-43 (Exit 1, 1.6 miles) and I-68 (Exit 10, 2.5 miles). The space is divisible into three nearly equal units, providing flexibility for multiple tenants. A septic system is planned and ready for installation. The property is zoned as "No zoning" and is located in Monongalia County, WV, zip code 26508. This property presents a unique opportunity for businesses seeking modern, efficient, and well-located industrial space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Morgantown
    County
    Monongalia
    State
    West Virginia
    Longitude
    -79.8257
    Latitude
    39.6924

    Comparable in this City

    • Value Estimation by Request
      7,500 SF

      15 Excavation Ln

      Manufacturing properties • 7,500 SF
      15 Excavation Ln, Morgantown, WV 26508
      View Details
    • Value Estimation by Request
      2,450 SF

      1409 Grn Bag Rd

      Individual retail properties • 2,450 SF
      1409 Grn Bag Rd, Morgantown, WV 26508
      View Details
    • Value Estimation by Request
      2.63 Acres

      311 Mountainview Rd

      WAREHOUSE, STORAGE • 2.63 Acres
      311 Mountainview Rd, Morgantown, WV 26508-3894
      View Details
    • Value Estimation by Request
      1.57 Acres

      Old Cheat Rd

      WAREHOUSE, STORAGE • 1.57 Acres
      Old Cheat Rd, Morgantown, WV 26508
      View Details
    • Value Estimation by Request
      1.00 Acres

      3525 Grafton Rd

      WAREHOUSE, STORAGE • 1.00 Acres
      3525 Grafton Rd, Morgantown, WV 26508
      View Details
    • Value Estimation by Request
      0.54 Acres

      761 Tyrone Rd

      WAREHOUSE, STORAGE • 0.54 Acres
      761 Tyrone Rd, Morgantown, WV 26508-3006
      View Details

    Similar Nearby for Sale

    • $2,200,000
      41,600 SF

      Morgantown Mixed-Use Commercial Property

      7 acres with three buildings near Cheat Lake and Morgantown.
      951 Point Marion Rd, Morgantown, WV 26508
      View Details
    • Contact for pricing
      71,000 SF

      Morgantown Development Opportunity

      Prime 1.63-acre lot in Morgantown's Bakers Ridge.
      205 Bakers Ridge Rd, Morgantown, WV 26508
      View Details
    • $699,000
      7,950 SF

      Morgantown Industrial Property - 7,950 SF

      Spacious industrial building, 0.61-acre lot. Great location.
      678 Fairchance Rd, Morgantown, WV 26508
      View Details
    • $875,000
      25.11 Acres

      Residential Land Near Morgantown

      25.11 acres suitable for development or dream home.
      00 Grafton Rd, Morgantown, WV 26508
      View Details
    • $70,000
      0.32 Acres

      Residential Land in Goshen Grove

      Residential land available in Morgantown's Goshen Grove Estates.
      114 Nichole St, Morgantown, WV 26508
      View Details
    • $49,995
      1.49 Acres

      Residential Land in Diamond Ridge

      1.49 acre residential lot ready for your dream home.
      36 Diamond Rdg, Morgantown, WV 26508
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Industrial Building Near I-68

      Newly built industrial building with one remaining suite for lease.
      1700 Grafton Rd, Morgantown, WV 26508
      View Details
    • Contact for pricing

      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
      25,000 SF

      Morgantown Office Space Available

      25,000 square foot office space for rent in Morgantown.
      423 Fortress Blvd, Morgantown, WV 26508
      View Details
    • Contact for pricing
      1,150 SF

      Turnkey Salon Spaces Available

      Retail spaces available, fully equipped for hair and nail salons.
      100 Hornbeck Rd, Morgantown, WV 26508
      View Details
    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.
    15 Excavation Ln
    Morgantown, WV 26508
    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
    15 Excavation Ln, Morgantown, WV, 26508
    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!