Medical Office with MRI
For Sale
Contact for pricing
1101 Twin C Lane, Newark, DE 19713
Medical office featuring eight exam rooms, a dedicated MRI suite, reception and waiting area, and on-site parking.
Property Size3,381 SF
Price / SF$340.14
Days on Market90
Property Features for 1101 Twin C Lane
General Information
Standard status
Active
Size
3,381 SF
Property subtype
Office
Investment Type
Owner/User
Listing Agency:
DSM Commercial
Listed By:
Ryan Bree · License #DE RS-0036526
(302) 668-5430
Source:
Crexi
Added: Jul 27
Changed: Oct 4
Last Checked: Oct 23 at 5:06AM
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 DSM Commercial
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Investment Insights
Based on property information with market context.
This medical office includes eight exam rooms plus a dedicated MRI suite, supported by a professional reception and waiting area. The layout is designed to support patient flow and day-to-day staff productivity.
The property is located in an established medical corridor and offers on-site parking with convenient access for both patients and staff.
For sale as an owner-user or investment opportunity, the space is configured around exam and imaging use, with room count and an MRI suite already in place.
The property is located in an established medical corridor and offers on-site parking with convenient access for both patients and staff.
For sale as an owner-user or investment opportunity, the space is configured around exam and imaging use, with room count and an MRI suite already in place.
Key Highlights
- Medical office with 8 exam rooms plus a dedicated MRI suite
- Reception and waiting area for patient check‑in and waiting
- Efficient layout designed for patient flow and staff productivity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,778
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,560
$975.6K
Cap Rate 7%
$696,829
$696.8K
Cap Rate 9%
$541,978
$542.0K
Market Conditions
NOI Build-Up for 3,381 SF
Gross rent
$92.9K $27.48/SF
− Vacancy
−$11.6K −$3.44/SF
EGI
$81.3K $24.05/SF
− OpEx
−$32.5K −$9.62/SF
NOI
$48.8K $14.43/SF
Area
New Castle County, DE
Vacancy
12.50%
Lease Rate
$27.48 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,560
Cap Rate 7%
$696,829
Cap Rate 9%
$541,978
Alternative Uses
Best Use
Healthcare Medical
$696.8K
$609.7K – $813.0K
NOI $48,778 @ 7.0% cap · market cap 4.24%
Second Best
Office B
$657.9K
$575.6K – $767.5K
NOI $46,051 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$808.7K
$707.6K – $943.5K
NOI $56,609 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
820
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19713, DE
31,867
Population
12,803
Households
2.5
Avg Household Size
38
Median Age
30%
College-Educated
90%
High-School Grad
13.0 sq mi
ZIP Area
2,451
Density / Sq Mi
$72,850
Median Household Income
$42,557
Median Earnings
$1,293
Median Rent
$267,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office featuring eight exam rooms, a dedicated MRI suite, reception and waiting area, and on-site parking.
Where is this medical office space located?
The property is located at 1101 Twin C Lane Newark, DE.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Medical office with 8 exam rooms plus a dedicated MRI suite; Reception and waiting area for patient check‑in and waiting; Efficient layout designed for patient flow and staff productivity
