Westover, WV
Commercial Real Estate Market Trends & Data

$209 Avg asking sale price
$16 Avg asking lease rate
10,723 SF Avg unit lease size
12,254 SF Avg building size for sale
7.75% Average cap rate

Westover's Demographic Profile

Westover has 2,051 households and a median income of $56,381, providing context for rent absorption and tenant demand across retail and multifamily assets. A +3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 4,459
# Households 2,051
Median age 41
Median household income $56,381
Avg household size 2.0
Renter-occupied housing units 815
5-year population change +3%

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

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Morgantown $208 13,755 SF 8.09%
Cheat Lake $238 18,934 SF 8.09%
Fairmont $126 6,629 SF 8.35%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Westover $105 14,940 SF 7.75%
Morgantown $95 20,196 SF 7.75%
Nearby Retail Markets Avg Cost/SF Typical Size
Westover $175 24,500 SF
Morgantown $109 20,047 SF
Mount Morris $414 1,328 SF
Fairmont $86 12,760 SF
Pleasant Valley $136 5,789 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Uniontown $31 116,153 SF 12.66%
California $93 85,665 SF 7.22%

Commercial Properties For Sale in Westover

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

828 Fairmont Rd

Morgantown, WV 26501

  • 1.32 AC Lot
  • 1 Commercial Lot
  • $1,500,000
For Sale

Burger King in Morgantown WV

Morgantown, WV 26501

  • 3,569 SF Retail Building
  • 7.75% Cap Rate
  • $1,996,129
For Sale

Mixed-Use Investment | Downtown Location

Morgantown, WV 26505

  • 15,456 SF Multifamily
  • $1,700,000
For Sale

Investment Sale: Sonesta Essential Morgantown

Morgantown, WV 26501

  • 29,060 SF Hospitality
  • $4,200,000
For Sale

PRICE REDUCED!

Morgantown, WV 26501

  • 14,940 SF Industrial Building
  • 7.75% Cap Rate
  • $1,570,000
For Sale

0.36 (+/-) Acre Lot within Wharf District

Morgantown, WV 26501

  • 0.36 AC Lot
  • 1 Commercial Lot
  • $575,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Westover $209 12,254 SF
Morgantown $153 16,246 SF

Multifamily Properties For Sale in Westover

For Sale

Mixed-Use Investment | Downtown Location

Morgantown, WV 26505

  • 15,456 SF Multifamily
  • $1,700,000

Regional Demographic Comparison

This comparison places Westover 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 Westover or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Westover 4,459 2,051 41 $56,381 2 815 3%
Granville 1,278 553 29 $31,290 2 388 -3%
Star City 1,846 931 39 $66,756 2 483 1%
Morgantown 31,733 12,242 27 $33,538 2 8,320 3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Westover, 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 Westover

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

Westover 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 Westover?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Westover. 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 Westover?

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

How does Westover compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Westover. 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 Westover acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Westover, 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.

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