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1000 Hampton Ctr Morgantown, WV 26505-0649

OFF-MARKET Office buildings Google Maps
0.81 ac lot
Individually Owned 19-yr Hold Free & Clear
Estimated value (blended)
$300k
Range $270k – $330k (±10%)
Property ID US94-1226896

Property summary

AI-generated overview

This exceptional two-story office building, located at 1000 Hampton Center in Morgantown, West Virginia, offers 13,952 square feet of space, currently fully leased. The property boasts excellent visibility at the intersection of Route 705 and Stewartstown Road, with a large parking lot catering to tenants and customers. The building features both traditional office and medical office spaces, currently occupied by NovoSource LLC, Old Colony Co of Morgantown, R&B Medical, and HealthSource. Its strategic location provides easy access to major roadways, including Interstate 79 and I-68, as well as nearby amenities such as the Suncrest Towne Centre, downtown Morgantown, West Virginia University, hospitals, restaurants, and shopping centers. The property benefits from high daily traffic counts on both Route 705 (28,178 vehicles) and Stewartstown Road (3,597 vehicles) (WVDOH, 2014 data). The asking price is $1,850,000, translating to $132.60 per square foot. This presents a strong investment opportunity in a thriving West Virginia market. The building offers ample private offices and is situated just outside Morgantown city limits, providing convenient access to a wide range of conveniences. Post and panel signage is also available. The leasable area totals approximately 12,915 square feet.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Lot 0.81 ac (35,066 SF)
APN 31-08- 4K-0096.0000
UPID US94-1226896

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Real Estate Agency
  • Property Management Company
  • Real Estate Agency
  • Real Estate Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2006
2 recorded transactions
2006
$608,333
2006
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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