Martinsburg, WV
Commercial Real Estate Market Trends & Data

$391 Avg asking sale price
$16 Avg asking lease rate
139,972 SF Avg unit lease size
16,228 SF Avg building size for sale
6.12% Average cap rate

Martinsburg's Demographic Profile

Martinsburg has 8,802 households and a median income of $44,770, providing context for rent absorption and tenant demand across retail and multifamily assets. A +13% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 20,753
# Households 8,802
Median age 40
Median household income $44,770
Avg household size 2.0
Renter-occupied housing units 4,575
5-year population change +13%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Martinsburg, WV

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Martinsburg $193 16,346 SF 8.51%
Hagerstown $157 15,769 SF 7.62%
Nearby Retail Markets Avg Cost/SF Typical Size
Martinsburg $542 12,900 SF
Hedgesville $278 984 SF
Shepherdstown $1,709 2,500 SF
Bunker Hill $181 2,100 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Hagerstown $163 16,420 SF 6.95%
Winchester $284 17,280 SF 6.61%

Commercial Properties For Sale in Martinsburg

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

310 W Burke St

Martinsburg, WV 25401

  • 6,618 SF Office Building
  • $639,900
For Sale

Falling Waters Business Center Lease

Martinsburg, WV 25404

  • 4.45 AC Lot
  • 1 Commercial Lot
  • $695,000
For Sale

29 Grapevine Rd

Martinsburg, WV 25405

  • 16,000 SF Retail Building
  • 5.05% Cap Rate
  • $3,702,970
For Sale

Roaring Lion Drive

Hedgesville, WV 25427

  • 2.15 AC Lot
  • 1 Commercial Lot
  • $400,000
For Sale

325 Winchester Ave

Martinsburg, WV 25401

  • 3,500 SF Retail Building
  • $549,900
For Sale

4.46 (+/-) Acres Located 2.5 Miles from I-81

Inwood, WV 25428

  • 4.46 AC Lot
  • 1 Commercial Lot
  • $643,500

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Exit Cap Rates in Commercial Real Estate
Exit Cap Rates in Commercial Real Estate
Understanding Exit Cap Rates and Terminal Cap Rates for Better Investment Returns
Types of Retail Properties
Types of Retail Properties
Understanding Retail Property Categories and Their Investment Potential
Debt Service Coverage Ratio (DSCR) Calculator
Debt Service Coverage Ratio (DSCR) Calculator
Assess Your Investment's Health in Seconds
Qualified Improvement Property: Tax Rules for CRE Investors
Qualified Improvement Property: Tax Rules for CRE Investors
Understand how QIP's 15-year recovery period and bonus depreciation eligibility can accelerate cost recovery on commercial property improvements.
Sales Comparison Approach
Sales Comparison Approach
Learn how to use market data to make confident property investment decisions
Modular Drive-Thrus: Costs and Configurations
Modular Drive-Thrus: Costs and Configurations
Save on Time, Construction and Labor Costs
Property Title Search
Property Title Search
Learn how to verify ownership, spot red flags, and protect your deal with a thorough property title search.
The 'Pet Clause' for Office Leases
The 'Pet Clause' for Office Leases
Lease Language for Landlords and Tenants

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Martinsburg pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Martinsburg $391 16,228 SF
Inwood $150 18,621 SF
Shepherdstown $1,709 10,058 SF
Kearneysville $133 6,000 SF

Regional Demographic Comparison

This comparison places Martinsburg alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Martinsburg or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Martinsburg 20,753 8,802 40 $44,770 2 4,575 13%
Hedgesville 217 77 36 $52,778 3 14 10%
Shepherdstown 471 232 47 $81,666 2 83 -4%
Kearneysville 8,930 3,291 44 $91,395 3 577 6%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Martinsburg, WV and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Martinsburg

View All Commercial Real Estate For Sale in Martinsburg
Is Martinsburg a good market for a first-time commercial real estate investor?

Martinsburg offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Martinsburg?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Martinsburg. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Martinsburg?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Martinsburg. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Martinsburg compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Martinsburg. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Martinsburg acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Martinsburg, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Cities
Commercial Market Reports