Seaford Medical Office Building For
11 Fallon Ave, Seaford, DE 19973
For Sale
$2,500,000
Well-maintained medical office building in Seaford, Sussex County.
Property Size10,600 SF
Price / SF$235.85
Days on Market353
Property Features for 11 Fallon Ave
General Information
Standard status
Size
Class
Property subtype
Building Details
Building Size
Listing Agency:
NAI Emory Hill
Listed By:
Jim O'Hara, Jr.
(302) 584-1632
Source:
Naiglobal
Added: Nov 22, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:10PM
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 NAI Emory Hill
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Investment Insights
Based on property information with market context.
This well-maintained medical office building is located in Seaford, Sussex County. The property offers flexible space tailored for healthcare professionals, providing modern infrastructure, convenient accessibility, and a professional setting designed to support patient care. The building is fully sprinklered and features electric heat, with separate utilities for each unit. The total property size is 10,600 square feet. 11 Fallon Avenue comprises 2,600 square feet with 5 exam rooms and an x-ray room. 13 Fallon Avenue is a 4,000 square foot vanilla box. 15 Fallon Avenue provides 1,400 square feet of physical therapy space. 17 Fallon Avenue offers 2,600 square feet of unfinished space.
Key Highlights
- Flexible space tailored for healthcare professionals
- Well‑maintained medical office building
- Convenient accessibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,387
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,327,740
$3.3M
Cap Rate 7%
$2,376,957
$2.4M
Cap Rate 9%
$1,848,744
$1.8M
Market Conditions
NOI Build-Up for 10,600 SF
Gross rent
$272.2K $25.68/SF
− Vacancy
−$50.4K −$4.75/SF
EGI
$221.8K $20.93/SF
− OpEx
−$55.5K −$5.23/SF
NOI
$166.4K $15.70/SF
Area
Sussex County, DE
Vacancy
18.50%
Lease Rate
$25.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,327,740
Cap Rate 7%
$2,376,957
Cap Rate 9%
$1,848,744
Alternative Uses
Best Use
Office B
$2.38M
$2.08M – $2.77M
NOI $166,387 @ 7.0% cap · market cap 6.66%
Second Best
Healthcare Medical
$2.14M
$1.87M – $2.49M
NOI $149,587 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$2.91M
$2.55M – $3.40M
NOI $203,902 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 19973, DE
25,550
Population
10,725
Households
2.4
Avg Household Size
42
Median Age
18%
College-Educated
84%
High-School Grad
84.0 sq mi
ZIP Area
304
Density / Sq Mi
$62,668
Median Household Income
$36,439
Median Earnings
$1,131
Median Rent
$254,300
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
Similar Off Market Nearby
- Petco Vaccination Clinic — 22966 Sussex Hwy, Seaford, DE 19973
Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained medical office building in Seaford, Sussex County.
Where is this medical office space located?
The property is located at 11 Fallon Ave Seaford, DE.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Flexible space tailored for healthcare professionals; Well‑maintained medical office building; Convenient accessibility
