Property profile

201 School House Dr Hedgesville, WV 25427

OFF-MARKET
Specialty properties
Property ID
US94-0831112
0.91 ac lot
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fee-simple, 5,121-square-foot medical office building in Hedgesville, West Virginia. Located at 201 School House Dr, 25427, this single-tenant property is 100% occupied by Veterinary Innovative Partners under an absolute triple-net (NNN) lease with a corporate guarantee. The current lease term commenced June 7, 2022, and has a remaining term of 7.6 years, expiring June 30, 2032, with a single 5-year option period featuring 2% annual rent bumps. The asking price is $970,588, representing a price per square foot of $189.53 and an attractive 8.50% cap rate based on a current Net Operating Income (NOI) of $82,500. The property sits on a 0.91-acre lot. This investment offers significant upside potential, given the strong performance of the veterinary services market, which is considered recession-resistant and demonstrates consistent growth fueled by increasing pet ownership and healthcare spending. The tenant's financial performance is exceptionally healthy. The absolute net lease structure ensures the tenant handles all property taxes, insurance, and maintenance, minimizing operational responsibilities for the owner. This presents a compelling opportunity for investors seeking a stable, high-yield asset in a growing sector.

Property profile

Verified
Property type Specialty properties
Use group VETERINARY, ANIMAL HOSPITAL
Lot 0.91 ac (39,640 SF)
APN 02-05- 1-0060.0001
UPID US94-0831112

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
  • Veterinary Clinic

Location

201 School House Dr Hedgesville, WV 25427-5806
Hedgesville metro Census 971205 HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.00M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$940k

Owner & transaction history

since 2022
Last sale
$900,000
1 recorded transaction
2022
$900,000

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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