1 Suburban CtMorgantown, WV 26505

  • Strip malls
  • 0.51 AC
For Lease
$170.40/SF/YR View listing

Property Details for 1 Suburban Ct

Lot size
0.51 AC
Property type
Strip malls
Property subtype
Neighborhood centers
APN
31-08- 4A-0009.0000
APU
31084A00090000

Description

This exceptional Class A office space, located at 1 Suburban Ct, Morgantown, WV 26505, offers 15,000 square feet of versatile commercial space on a single floor. Built in 2000, this single-story building sits on a 0.5 to 0.8-acre lot in Monongalia County and boasts a 10-foot ceiling height. The property features a spacious layout including 31 individual offices and a large, nearly 4,000 square foot central common area ideal for open office configurations or cubicles. Ample parking is available with 50+ spaces. The building is conveniently located between WVU Medicine and Mon Health Medical Center and Clinic Offices, ensuring high visibility and accessibility for clients. Employees will appreciate the proximity to various amenities including restaurants, grocery stores, and laundry facilities. This single-tenant occupancy property presents a unique opportunity for businesses seeking a substantial and well-appointed office space in a highly desirable location. The property is easily accessible and offers a convenient and efficient work environment. No elevators are present in this single-story building.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $7,833,703
    6.5%
    $7,231,110
    7%
    $6,714,602
  • Comparable approach

    Method
    Valuation
    Relative Method
    $11,281,175
    Geo Method
    $11,281,175
  • Alternative Use

    Use
    Valuation
    Residential
    $6,099,712
    Hospitality
    $5,587,304
    Educational
    $4,648,571
    Medical
    $4,808,442
    Retail
    $7,231,110

Location Insight

City
Morgantown
County
Monongalia
State
West Virginia
Latitude
39.6594
Longitude
-79.9607
CBSA code
34060
CBSA name
MORGANTOWN, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$13,162
$105,240
$512,340
$617,580
-
$175,400
$853,900
$1,029,300

FAQs

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