Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16529 N Coastal Hwy, Unit 3 Lewes, DE 19958

    Sponsored
    For Lease
    $23 SF/Yr

    CommercialLease - LEWES, DE

    Type:Office
    Lot size:
    1.07 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 24 at 10:06 am

    Property Features for 16529 N Coastal Hwy

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    Parking
    45
    Parking features
    Parking Lot
    Lot size
    1.07 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Heat Pump

    Building Details

    Year built
    1991
    Building materials
    Vinyl Siding

    We can help!

    Listing Contact
    Julie Gritton

    Coldwell Banker Premier (800) 296-2624

    Listing agent Julie Gritton (302) 645-2881 License #RA-0031139

    Listing date Feb 23, 2026

    MLS# DESU2101000

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Versatile Executive Office Space

    This professional space is suitable for medical, executive, or other professional office purposes. The versatile layout includes multiple private offices and exam rooms. The space benefits from excellent front-facing visibility and convenient client access. Customization of the layout is possible to suit specific operational needs. The property is strategically located near major healthcare destinations, including being 4.2 miles from Beebe Healthcare in Lewes, 5 miles from Beebe Walk-In Care in Rehoboth Beach, 5 miles from Bayhealth Urgent Care in Harbeson, and 14 miles from Bayhealth Sussex Campus. The property is located in LEWES, DE, with a lot size of 1.07 acres. This location is suitable for healthcare providers, wellness practices, specialized clinics, or administrative and professional offices seeking a central, visible, and highly accessible location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dawn Hood LCSW Foster Care Service Coastal Therapeutic Services Foster Care Service Cathy Austin - Prudential ... Financial Advisor Wagner Charles G ... Pediatrician J. Brian Prigg, ... Pediatrician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    It's Paw Natural, gabinet weterynaryjny łegowo

    Location Insight

    • Map
    • Local Demand
    City
    Lewes
    County
    Sussex
    State
    Delaware
    Longitude
    -75.20136
    Latitude
    38.76034

    Nearby Similar for Lease

    • $6,000 /Mo
      21,344 SF

      Lewes Office Space For Lease

      3,200 SF office building in desirable Nassau Commons location.
      17503 Nassau Cmns Blvd, Lewes, DE 19958
      View Details
    • $20 SF/Yr

      Lewes Office/Flex Space Available

      Professional office/flex space in Lewes, DE, ideal for various uses.
      32191 Nassau Rd, Lewes, DE 19958
      View Details
    • $325,000

      Established Market Near Lewes Beach

      Established market for sale near Lewes Beach with high traffic.
      420 Savannah Rd E, Lewes, DE 19958
      View Details
    • $575 /Mo

      Professional Office Suite For Lease

      Single-room office suite in Lewes, DE, includes CAM and utilities.
      17527 Nassau Cmns Blvd, Lewes, DE 19958
      View Details
    • $14 SF/Yr

      Customizable Warehouse Space on Coastal Highway

      Premier warehouse facility near Lewes, Delaware, offering customizable spaces.
      16727 Coastal Hwy, Lewes, DE 19958
      View Details
    • $4,000 /Mo

      Spacious Commercial Space Available

      Large commercial space with office, shop, and parking areas.
      17569 Nassau Commons Blvd, Lewes, DE 19958
      View Details
    • $25 SF/Yr
      6,340 SF

      Lewes Office Building on Highway

      Professional office building with direct highway frontage in Lewes, DE.
      18344 Coastal Hwy, Lewes, DE 19958
      View Details
    • $3,000 /Mo

      Route 1 Commercial Space Available

      Prime commercial space on Route 1, available immediately.
      18354 Coastal Hwy, Lewes, DE 19958
      View Details
    • $1,500 /Mo

      Office Space in Nassau Commons

      Office space available for lease starting October 1, 2025.
      17577 Nassau Commons Blvd, Lewes, DE 19958
      View Details
    • $20 SF/Yr

      Coastal Highway Industrial Property

      Industrial properties available for rent on Coastal Highway.
      18355 Coastal Hwy, Lewes, DE 19958
      View Details
    • New
      $23 SF/Yr
      46,609 SF

      Versatile Lewes Office Space

      Professional office space ideal for medical or executive use.
      16529 N Coastal Hwy, Lewes, DE 19958
      View Details
    • New
      $23 SF/Yr
      46,609 SF

      Lewes, DE Professional Office Space

      Versatile medical or executive office space in Lewes, Delaware.
      16529 N Coastal Hwy, Lewes, DE 19958
      View Details

    FAQs

    What type of property is this?
    Medical office - Professional office space ideal for medical, executive, or professional use.
    Where is this medical office located?
    The property is located at 16529 N Coastal Hwy, Unit 3 Lewes, DE.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: - Ideal for medical or professional office use with a versatile layout.; - Excellent front-facing visibility and convenient client access.; - Strategically located near major healthcare destinations.
    (302) 645-1111
    Request Owner's contact information
    16529 N Coastal Hwy, Unit 3 Lewes, DE 19958
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16529 N Coastal Hwy, Unit 3
    Lewes, DE 19958
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16529 N Coastal Hwy, Unit 3 Lewes, DE 19958
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Julie Gritton
    Real Estate License ID: RA-0031139
    (302) 645-1111 (302) 645-2881 (302) 745-0255
    Learn more
    Google sign-in failed. Please try again or use another login method.