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824 N Queen St 6,600 SF 100% Leased Office Building Martinsburg, WV 25404 $650,000 ($98.48/SF) 4.81% Cap Rate
Investment Highlights
- 6,600 SF brick commercial building suitable for retail, office, or mixed-use applications.
- Offers multiple income scenarios: fully leased for investment or adaptable space for owner-user occupation.
- On-site paved parking for nine vehicles with additional nearby street frontage.
- Located on a high-visibility corridor with immediate access to downtown Martinsburg and I-81.
- Designated within an Opportunity Zone, providing potential preferential tax treatments.
- Strong tenancy from public administration users, ensuring consistent occupancy performance.
Executive Summary
±6,600 SF building located on highly visible S Queen St with MUC zoning, allowing for office, retail, or mixed-use applications. Flexible layout with strong potential for owner-user or investor. Convenient access to downtown Martinsburg and I-81. Excellent redevelopment or value-add opportunity.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$37,176
|
$5.63
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$37,176
|
$5.63
|
| Taxes |
$4,850
|
$0.73
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,850
|
$0.73
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $37,176 |
| Annual Per SF | $5.63 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $37,176 |
| Annual Per SF | $5.63 |
| Taxes | |
|---|---|
| Annual | $4,850 |
| Annual Per SF | $0.73 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $4,850 |
| Annual Per SF | $0.73 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Building Size
6,600 SF
Building Class
B
Year Built/Renovated
1920/2023
Price
$650,000
Price Per SF
$98.48
Cap Rate
4.81%
NOI
$31,250
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,200 SF
Building FAR
0.81
Lot Size
0.19 AC
Opportunity Zone
Yes
Zoning
MUC - The parcel is listed as “MUC” (Mixed Use Commercial) Professional offices (like insurance, medical, legal) Retail or service business Residential unit
Parking
10 Spaces (1.51 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Berkeley Central Dispatch
- Public Administration
- -
- -
- -
- Berkeley County Emergency Service
- Public Administration
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Berkeley Central Dispatch | Public Administration | - | - | - | ||
| Berkeley County Emergency Service | Public Administration | - | - | - |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 06-18-01310000 | Total Assessment | $1,141,500 |
| Land Assessment | $837,960 | Annual Taxes | $4,850 ($0.73/SF) |
| Improvements Assessment | $303,540 | Tax Year | 2025 |
Property Taxes
Parcel Number
06-18-01310000
Land Assessment
$837,960
Improvements Assessment
$303,540
Total Assessment
$1,141,500
Annual Taxes
$4,850 ($0.73/SF)
Tax Year
2025
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Contact the Sale Advisor
824 N Queen St