1896 Grafton Rd, Morgantown, WV 26508-3815
This exceptional investment opportunity presents a well-maintained, three-building industrial flex space complex located at 1896 Grafton Road in Morgantown, West Virginia. The property boasts a total of approximately 6,200 square feet, encompassing 44 versatile storage units ranging in size from 5' x 10' to 10' x 30'. Built in 2007, this single-story facility offers significant potential for growth. Its strategic location, just three miles south of I-68, Exit 1, and 2.8 miles from the I-68/I-79 interchange, provides excellent accessibility and visibility. The high traffic count on Grafton Road, averaging 10,112 vehicles daily (2021 data from Kalibrate Technologies), ensures strong exposure. The asking price is $319,000, translating to $51.45 per square foot and $7,250 per unit. This property presents a compelling investment opportunity in a thriving area with high demand for storage solutions, offering various unit sizes and excellent signage opportunities. The property's proximity to major highways ensures convenient access for both tenants and customers. This is an ideal opportunity for investors seeking a strong return on investment in a rapidly growing market.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.