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824 N Queen St 6,600 SF 100% Leased Office Building Martinsburg, WV 25404 $625,000 ($94.70/SF) 5% 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
$625,000
Price Per SF
$94.70
Cap Rate
5%
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
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