102-251 Lewis Ln, Havre de Grace, MD 21078
Main-level medical office suite with flexible layout, elevator access, and on-site free surface parking.
- Added:
- Jul 3, 2025
- Days on Market:
- 370
- Last Refresh:
- Jul 7 at 2:09 am
Property Features for 102-251 Lewis Ln
General Information
- Standard status
- Active
- Size
- 4,338 SF
Listing office EXP Realty, LLC (410) 638-9555
Listing date Jul 3, 2025
Source Exprealty
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 EXP Realty, LLC
HighLights
- 4,338 SF medical office space on the main level of Havre de Grace Medical Center
- Suite labeled as Units 103 and 104 on‑site; public records identify the space as Unit 102
- Configured as two separate spaces: one medical office plus space leased to a physical therapy provider
- Physical therapy lease: 5 years in place at a fixed $24 per sq ft
- Includes multiple private offices, reception areas, restrooms, kitchenettes, laundry areas, and open workspaces
- Level main entry, elevator access, and free surface parking
Overview
The building provides a level main entry and elevator access, supporting convenient patient and staff movement. Free surface parking is available for visitors and employees.
For tenants or buyers, the current configuration offers a practical option for medical or office users who want a combination of exam-style privacy and common reception space. The space also includes functional support areas such as restrooms, kitchenettes, and laundry areas, which can be useful for daily operations in a healthcare-focused environment. The physical therapy side is currently under a five-year lease with a fixed $24 per square foot rate.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.2k | $24.48 |
| − Vacancy | −$16.0k | −$3.70 |
| EGI | $90.2k | $20.78 |
| − OpEx | −$36.1k | −$8.31 |
| NOI | $54.1k | $12.47 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Havre de Grace
- County
- Harford
- State
- Maryland
- Longitude
- -76.104856
- Latitude
- 39.544427
