Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    5605 Hammonds Mill Rd Martinsburg, WV 25404

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5605 Hammonds Mill Rd Martinsburg, WV 25404

    View on Map
    • Retail space
    • 1.14 lot acres
    For Lease
    View Listing →
    Retail Opportunities in Growing Area For Lease
    Contact for pricing

    Retail Opportunities in Growing Area

    Retail spaces and pad sites available near I-81 interchange.

    5605 Hammonds Mill Rd, Martinsburg, WV 25404
    View Listing
    Property ID
    US94-1364714
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Little Caesars / Restaurant
    • Dollar Tree / Discount Store

    Property Details for 5605 Hammonds Mill Rd

    Lot size
    1.14 lot acres
    Property type
    Retail space
    APN
    02-02- 14-0005.0019
    APU
    2021400050019

    Description

    This exceptional retail opportunity is located at 5605 Hammonds Mill Rd, Martinsburg, WV 25404, at the intersection of Hammonds Mill Rd and Alliance Ln in Berkeley County. The property, known as Spring Mills Towne Center North, offers a total of 14,500 square feet of retail space within a multi-tenant building currently under construction. Six individual spaces are available, with a minimum divisible space of 1,500 square feet. Currently, 5,344 square feet are vacant and ready for immediate occupancy. The building is strategically positioned across from a Walmart, benefiting from high visibility and significant foot traffic in a rapidly expanding commercial area. Completion is anticipated in the third quarter of 2024. In addition to the in-line spaces, several pad sites ranging from 0.87 to 3.44 acres are available for development, offering excellent pylon signage opportunities directly opposite the Walmart entrance on Hammonds Mill Road. This prime location provides unparalleled access to the I-81 interchange, ensuring convenient access for customers and employees. The property presents a unique chance to establish a thriving retail presence in a high-growth market. Contact us today to learn more about leasing options and available pad sites.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Martinsburg
    County
    Berkeley
    State
    West Virginia
    Longitude
    -77.9084
    Latitude
    39.5454
    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
    $23,028
    $355,740
    $582,480
    $938,220
    -
    $592,900
    $970,800
    $1,563,700

    Comparable in this City

    • Value Estimation
      $515,000
      1.95 Acres

      101 Forbes Dr

      RETAIL STORES (PERSONAL SERVICES) • 1.95 Acres
      101 Forbes Dr, Martinsburg, WV 25404-0002
      View Details
    • Value Estimation
      $745,000
      4,320 SF

      268 Mid Atlantic Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 4,320 SF
      268 Mid Atlantic Pkwy, Martinsburg, WV 25404-4298
      View Details
    • Value Estimation by Request
      0.28 Acres

      3251 Eagle School Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.28 Acres
      3251 Eagle School Rd, Martinsburg, WV 25404
      View Details
    • Value Estimation by Request
      2.06 Acres

      540 Lutz Ave

      RETAIL STORES (PERSONAL SERVICES) • 2.06 Acres
      540 Lutz Ave, Martinsburg, WV 25404-6313
      View Details
    • Value Estimation by Request
      0.68 Acres

      5405 Williamsport Pike

      RETAIL STORES (PERSONAL SERVICES) • 0.68 Acres
      5405 Williamsport Pike, Martinsburg, WV 25404-6495
      View Details
    • Value Estimation by Request
      1,008 SF

      121 Eagle School Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,008 SF
      121 Eagle School Rd, Martinsburg, WV 25404-5451
      View Details

    Similar Nearby for Sale

    • $650,000

      Martinsburg Commercial Building For Sale

      6,600 sq ft commercial building suitable for retail, office, mixed-use.
      824 N Queen St, Martinsburg, WV 25404
      View Details
    • Contact for pricing
      7,667 SF

      Turn-Key Car Wash Opportunity

      Car wash property with redevelopment potential in high-traffic area.
      442 Williamsport Pike, Martinsburg, WV 25404
      View Details
    • $1,299,000

      Versatile Commercial Property on 2.2 Acres

      12,722 sq ft commercial space near I-81.
      61 N Eagle School Rd, Martinsburg, WV 25404
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,353 SF

      Retail Space in Martinsburg

      Retail space available for lease in Martinsburg, West Virginia.
      1426 Edwin Miller Blvd, Martinsburg, WV 25404
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available with high visibility and easy access.
      167 Eagle School Rd, Martinsburg, WV 25404
      View Details
    • Contact for pricing

      Retail Opportunities in Growing Area

      Retail spaces and pad sites available near I-81 interchange.
      5605 Hammonds Mill Rd, Martinsburg, WV 25404
      View Details
    • $2,950 /Mo

      Martinsburg Commercial Building For Lease

      6,600 sq ft commercial building suitable for retail or office.
      824 N Queen St, Martinsburg, WV 25404
      View Details
    • $2,950 /Mo
      8,102 SF

      MARTINSBURG Commercial Building For Lease

      6,600 sq ft commercial building suitable for retail/office/mixed-use.
      824 N Queen St, Martinsburg, WV 25404
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5605 Hammonds Mill Rd
    Martinsburg, WV 25404
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!