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Property profile & analytics

724 Lakeview Dr Martinsburg, WV 25401

  • Office buildings
  • 0.30 lot acres
Value Estimation
Location Intelligence
Property ID
US94-0118446
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Gary Kelley: Allstate Insurance / Motorcycle Insurance Agency / Renter'S Insurance Agency

Property Details for 724 Lakeview Dr

Lot size
0.30 lot acres
Property type
Office buildings
APN
02-06- 4-0226.0000
APU
206402260000

Description

This exceptional 2,600 square foot office building presents a unique investment opportunity in Martinsburg, West Virginia. Situated on a 0.3-acre lot at 724 Lakeview Drive, this property boasts a highly desirable location offering unparalleled convenience and accessibility. The building's current configuration is perfect for a single large business, featuring a welcoming lobby, a sizable conference room, six private offices, and multiple common areas providing ample space for staff and clients. However, its adaptable design allows for easy conversion to accommodate multiple tenants. A removable interior wall offers the flexibility to create customized layouts to suit diverse business needs. The property is equipped with two separate HVAC systems and dual electrical meters, ensuring efficient energy management and operational flexibility. Ample parking is provided with 16 dedicated spaces. Its strategic location near Interstate 81, Martinsburg Hospital, and the downtown area ensures excellent visibility and easy access for employees and clients alike. This is an exceptional opportunity for businesses seeking a well-maintained, adaptable space in a prime location. The property is priced at $439,000.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $260,000
  • CAP approach

    CAP return
    Estimation
    6%
    $330,000
    6.5%
    $285,000
    7%
    $295,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $265,000
    Geo Method
    $350,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $315,000
    Retail
    $325,000
    Mixed-Use
    $315,000
    Hospitality
    $305,000
    Educational
    $275,000
    Residential Income
    $325,000
    Energy
    $345,000
    Income-Based Land
    $360,000
    Food Service
    $265,000

Location Insight

  • Map
  • Local Demand
City
Martinsburg
County
Berkeley
State
West Virginia
Longitude
-77.972
Latitude
39.4692
CBSA code
25180
CBSA name
HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$4,371
$29,280
$109,980
$139,260
-
$48,800
$183,300
$232,100
More about this property
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