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    60 Advent Dr Martinsburg, WV 25403
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    Property profile & analytics

    60 Advent Dr, Martinsburg, WV 25403

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    • Medical Office Space
    • 11,939 SF
    • 3.99 lot acres
    Off-Market
    Property ID
    US94-0487650
    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

    • Medical Office Space

    Property Details for 60 Advent Dr

    Year built
    1973
    Lot size
    3.99 lot acres
    Property type
    Medical Office Space
    Property subtype
    Distribution centers
    APN
    01 5001400000000

    Description

    This exceptional mixed-use property in Martinsburg, West Virginia, presents a unique investment opportunity. Located conveniently off Interstate 81, Exit 12, the 11,939 square foot building sits on a 3.99-acre lot and includes five units. The property's diverse zoning (612) allows for various uses, currently operating as a fully functional school with updated fire safety and health department approvals. The school features ample classroom space, administrative offices, six bathrooms, and a spacious gymnasium. Adding to its appeal is a fully equipped playground enclosed by an 8-foot security fence. Two additional rental homes on the property provide supplemental income streams. The property boasts 10 parking spaces and was built in 1973, with renovations completed in 1990. The asking price is $2,150,000, translating to $180.67 per square foot. This prime location offers excellent visibility and accessibility, making it ideal for various businesses or continued operation as an educational facility. The combination of commercial space and rental income makes this a compelling investment opportunity with significant potential for return. The property's diverse functionality and strategic location near Interstate 81 make it a truly remarkable investment prospect. The APN is 01 5001400000000, and ownership is fee simple.

    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
    -77.9972469
    Latitude
    39.4422467

    Comparable in this City

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    • $3,800,000

      Auto Dealership on Hedgesville Road

      Used auto dealership for sale, seller financing considered.
      2592 Hedgesville Rd, Martinsburg, WV 25403
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    • $125,000
      1.25 Acres

      Martinsburg Buildable Land Opportunity

      1.25-acre residential lot in Martinsburg, ready for your custom home.
      Harold Dr, Martinsburg, WV 25403
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    Similar Nearby for Sale

    • $1,950,000
      53.39 Acres

      Martinsburg Land I-81 Visibility

      53+/- acres visible from I-81, ideal for development.
      I-81 Corridor, Martinsburg, WV 25403
      View Details
    • $3,800,000

      Auto Dealership on Hedgesville Road

      Used auto dealership for sale, seller financing considered.
      2592 Hedgesville Rd, Martinsburg, WV 25403
      View Details
    • $125,000
      1.25 Acres

      Martinsburg Buildable Land Opportunity

      1.25-acre residential lot in Martinsburg, ready for your custom home.
      Harold Dr, Martinsburg, WV 25403
      View Details

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    • $2,000 /Mo

      Land Available Near Interstate 81

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    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.

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