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    505 W Market St, Unit 3 Georgetown, DE 19947

    For Lease
    $1,800 /Mo ($0.42 SF/Yr)

    CommercialLease - GEORGETOWN, DE

    Type:Office
    Lot size:
    1.17 Acres
    Days on Market:
    74
    Last Refresh:
    Dec 13 at 5:06 pm

    Property Features for 505 W Market St

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    Parking
    15
    Parking features
    Parking Lot
    Lot size
    1.17 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump, Central Air

    Building Details

    Year built
    2000
    Building materials
    Dryvit, Stucco

    SVN/Miller Commercial Real Estate (410) 543-2440 [email protected]

    Listing agent Tonney H Insley IV (410) 543-2491 License #RS-0037858

    Listing date Oct 1, 2025

    Copyright © 2025 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.

    Overview

    Georgetown Medical Center Office Suite

    An 1,100 square foot office suite is available for lease at the Georgetown Medical Center. The suite features a welcoming foyer, a working station, and three private offices. The property is situated on a 1.17-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Gooss Jr Donald a DVM, Georgetown Animal Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Sussex
    State
    Delaware
    Longitude
    -75.39416
    Latitude
    38.68283

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    FAQs

    What type of property is this?
    Medical office - 1,100 SF office suite available for lease in Georgetown.
    Where is this medical office located?
    The property is located at 505 W Market St, Unit 3 Georgetown, DE.
    What is the lease rate?
    The lease rate is $0.42 SF/Yr.
    What are key features of this property?
    This property features: - 1,100 square foot office suite in Georgetown Medical Center.; - Gross lease rate.; - Three private offices.
    (410) 543-2491
    Request Owner's contact information
    505 W Market St, Unit 3 Georgetown, DE 19947
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    Georgetown, DE 19947
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    Realmo Value Estimation

    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.

    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.

    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
    505 W Market St, Unit 3 Georgetown, DE 19947
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