Medical Office Suites with Shared Waiting
100 Silicato Pkwy, Milford, DE 19963
For Sale
Contact for pricing
Two professionally configured suites offer consultation rooms, natural light, and on-site parking.
Property Size7,590 SF
Days on Market49
Property Features for 100 Silicato Pkwy
General Information
Standard status
Size
Class
Property subtype
Lease Term
Amenities
on-site parking
open layout
private consultation rooms
ample natural light
shared waiting area
Building Details
Building Size
Year Built
Properties For Sale
at 100 Silicato Pkwy Contact usSuite #100
Size
1,889 SF
Term
Negotiable
Suite #105
Size
1,500 SF
Term
Negotiable
Suite #302
Size
1,350 SF
Term
Negotiable
Listing Agency:
LMT Commercial Realty, LLC.
Listed By:
Tyler Foresta · License #RS-0025429
(302) 414-1000
Source:
Corfac
Added: Sep 19
Changed: Nov 5
Last Checked: Nov 6 at 5:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LMT Commercial Realty, LLC.
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Investment Insights
Based on property information with market context.
This medical office property includes two available suites within a building completed in 2020. Suite #105 is a ground-floor space measuring 1,500 +/- SF, while Suite #302 offers 1,350 +/- SF on the third floor. Both suites feature open layouts, private consultation rooms, natural light, and access to a shared waiting area. On-site parking supports patients and staff.
The property fronts Route 1, which records approximately 44,136 +/- VPD, and provides convenient access to the roadway. Hospitals, retail centers, and other essential services are located nearby in Milford, supporting a practical setting for medical practices, clinics, and therapy centers.
The property fronts Route 1, which records approximately 44,136 +/- VPD, and provides convenient access to the roadway. Hospitals, retail centers, and other essential services are located nearby in Milford, supporting a practical setting for medical practices, clinics, and therapy centers.
Key Highlights
- Two medical office suites available: Suite #105 at 1,500 +/- SF and Suite #302 at 1,350 +/- SF
- Ground‑floor Suite #105 and third‑floor Suite #302 provide multiple occupancy options
- Open layouts with private consultation rooms and access to a shared waiting area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,110
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,142,200
$2.1M
Cap Rate 7%
$1,530,143
$1.5M
Cap Rate 9%
$1,190,111
$1.2M
Market Conditions
NOI Build-Up for 7,590 SF
Gross rent
$182.2K $24.00/SF
− Vacancy
−$3.6K −$0.48/SF
EGI
$178.5K $23.52/SF
− OpEx
−$71.4K −$9.41/SF
NOI
$107.1K $14.11/SF
Area
Sussex County, DE
Vacancy
2.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,142,200
Cap Rate 7%
$1,530,143
Cap Rate 9%
$1,190,111
Alternative Uses
Best Use
Office B
$1.70M
$1.49M – $1.99M
NOI $119,139 @ 7.0% cap · market cap 496,412.50%
Second Best
Healthcare Medical
$1.53M
$1.34M – $1.79M
NOI $107,110 @ 7.0% cap · market cap 446,291.67%
Theoretical Best
Office A
$2.09M
$1.83M – $2.43M
NOI $146,001 @ 7.0% cap · market cap 608,337.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 19963, DE
20,827
Population
10,300
Households
2
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
105.1 sq mi
ZIP Area
198
Density / Sq Mi
$65,420
Median Household Income
$40,157
Median Earnings
$1,161
Median Rent
$291,200
Median Home Value
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Market
Properties on Market for Medical Office Space in Sussex County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two professionally configured suites offer consultation rooms, natural light, and on-site parking.
Where is this medical office space located?
The property is located at 100 Silicato Pkwy Milford, DE.
What are key features of this property?
This property features: Two medical office suites available: Suite #105 at 1,500 +/- SF and Suite #302 at 1,350 +/- SF; Ground‑floor Suite #105 and third‑floor Suite #302 provide multiple occupancy options; Open layouts with private consultation rooms and access to a shared waiting area
