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Property profile & analytics
FOR SALE
Industrial properties
310 Raleigh St, Martinsburg, WV 25401-2815
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US94-0417104
For Sale
1 / 38
$950,000
310 Raleigh St, Martinsburg, WV 25401-2815
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Property summary
AI-generated overview
This exceptional 3-acre property located at 310 North Raleigh Street, Martinsburg, West Virginia, presents a unique investment opportunity. Previously utilized as a skateboard park, the building is currently leased to a church, generating consistent rental income. The expansive 3-acre lot offers significant potential for redevelopment and repurposing, catering to a wide range of commercial ventures. The existing structure provides a solid foundation for various uses, allowing for creative adaptation to suit specific business needs. Investors will appreciate the existing rental income stream, providing immediate return on investment while exploring future development options. The property's strategic location in Martinsburg offers excellent accessibility and visibility, enhancing its overall appeal. The flexible zoning and ample space make this an ideal canvas for entrepreneurs seeking a unique and profitable venture. This property is priced at $950,000 and presents a rare chance to acquire a versatile commercial space with substantial upside potential. The existing tenant provides a stable income source while the possibilities for future development are virtually limitless. Don't miss this chance to acquire a property with such diverse potential in a thriving West Virginia market. Serious inquiries only.
Property profile
Verified
Property type
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Year built
1954
Construction
WOOD FRAME
Total area
6,688 SF
Lot
4.56 ac (198,634 SF)
APN
02-06- 10-0109.0000
UPID
US94-0417104
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Pool's Paradise Sports Field & Court
-
All Nations Outreach Center Church Mosque
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$960k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$900k
Owner & transaction history
Will Of The Prople Production LLC · 2 yrs held
Will Of The Prople Production LLC
since 2023
Last sale
$850,000
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Martinsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Martinsburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$940,000
ML approach
$960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$705,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$585,000
Change: 0% · Conversion: Difficult
RESTAURANT
$575,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$570,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$555,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $850k (Sep 18 2023)
Last sale anchor
$850k
Sep 18 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$135 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,998
Tax year 2024
Assessed value
$159,240
Assessed 2024
Previous assessed
$156,420
+1.8% YoY
Effective rate
3.14%
On assessed value
Assessed land
$65,820
Assessed improvement
$93,420
Land market value
$109,700
Improvement market value
$155,700
Total market value
$265,400
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Status
For Sale
Year built
1954
Construction
WOOD FRAME
Heating
STEAM
Total area
6,688 SF
Lot
4.56 ac (198,634 SF)
APN
02-06- 10-0109.0000
UPID
US94-0417104
Jurisdiction
BERKELEY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$705,000
MEDICAL BUILDING
Est. value
$585,000
RESTAURANT
Est. value
$575,000
COMMERCIAL (GENERAL)
Est. value
$570,000
OFFICE BUILDING
Est. value
$555,000
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1954
Construction
WOOD FRAME
Heating
STEAM
Lot
4.56 ac
Current owner
From public records · entity-resolved
Will Of The Prople Production LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2322 SPECKS RUN RD, BUNKER HILL, WV 25413-2859
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2023
$850,000
Will Of The Prople Production LLC
Nelson E Mohler III
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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