Medical Office Building with Wheelchair
1169 WALKER ROAD Dover, DE 19904
1169 WALKER ROAD, Dover, DE, 19904
$1,100,000
For Sale
$1,100,000
Multi-suite medical office with wheelchair lift access, multiple offices and exam-ready infrastructure for x-ray equipment.
Property Size5,923 SF
Price / SF$185.72
Days on Market179
Property Features for 1169 WALKER ROAD
General Information
- Standard status
- Active
- Size
- 5,923 SF
- Property subtype
- Office
Building Details
- Year Built
- 2007
Listing agency
Torbert Realty LLC
(302) 242-7758
Listed by
Lisa Torbert
(302) 242-7758
Source
Xome
Added: Jan 24 Updated: Jul 22 at 1:05AM Checked: Jul 22 at 3:41AM
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 Torbert Realty LLC
Investment Insights
Based on property information with market context.
This medical office building includes multiple finished interior suites with a total above-ground area of approximately 5,000 SF and a lower level of approximately 1,750 SF. The layout features two receptionist and waiting areas, 16 finished offices, and four bathrooms. Natural light is abundant throughout, and interior finishes include laminate, cork flooring, and carpet, with a kitchen and utility room.
Suite A is available for rent and offers approximately 1,500 SF in new condition, including five offices, a waiting room, and a reception area. It is equipped with commercial outlets for medical-grade equipment, and lead sheets are installed under the drywall for x-ray equipment. Suite B is available for rent and includes the option for an additional 1,750 SF lower-level space. Suite C is currently rented on the second floor.
Exterior amenities include a wheelchair lift at the entrance providing access to all first-floor offices, plus approximately 29 parking spaces with room for additional vehicles. Updates include two-year-old heat pumps on the first and second floors, a one-year-old gas furnace on the first floor, and a four-year-old air conditioner. Three out of four bathrooms have been remodeled, and new laminate flooring has been added to Suite 1 and the lower level.
Suite A is available for rent and offers approximately 1,500 SF in new condition, including five offices, a waiting room, and a reception area. It is equipped with commercial outlets for medical-grade equipment, and lead sheets are installed under the drywall for x-ray equipment. Suite B is available for rent and includes the option for an additional 1,750 SF lower-level space. Suite C is currently rented on the second floor.
Exterior amenities include a wheelchair lift at the entrance providing access to all first-floor offices, plus approximately 29 parking spaces with room for additional vehicles. Updates include two-year-old heat pumps on the first and second floors, a one-year-old gas furnace on the first floor, and a four-year-old air conditioner. Three out of four bathrooms have been remodeled, and new laminate flooring has been added to Suite 1 and the lower level.
Key Highlights
- Multi‑suite medical office built in 2007 with above‑ground 5,000 +/− SF and below‑ground 1,750 +/− SF.
- Suites A and B are available for rent; Suite C is rented for $2,800 on the second floor.
- Wheelchair lift at the entrance provides access to all first‑floor offices.
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 | $152.1k | $25.68 |
| − Vacancy | −$16.0k | −$2.70 |
| EGI | $136.1k | $22.98 |
| − OpEx | −$54.5k | −$9.19 |
| NOI | $81.7k | $13.79 |
5,923 SF · lease $25.68/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.17M
$1.02M – $1.36M
NOI $81,679 @ 7.0% cap · market cap 7.43%
Second Best
Office B
$1.15M
$1.01M – $1.34M
NOI $80,457 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,401 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Emily Heishman
Physician
First State Consulting
IT Consulting Firm
Mario's massage
Alternative Medicine Practice
Dr. Chris Schellinger ...
Alternative Medicine Practice
Center For Balanced Living
Physician
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FAQs
What type of property is this?
Office units - Multi-suite medical office with wheelchair lift access, multiple offices and exam-ready infrastructure for x-ray equipment.
Where is this office units located?
The property is located at 1169 WALKER ROAD Dover, DE.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Multi‑suite medical office built in 2007 with above‑ground 5,000 +/− SF and below‑ground 1,750 +/− SF.; Suites A and B are available for rent; Suite C is rented for $2,800 on the second floor.; Wheelchair lift at the entrance provides access to all first‑floor offices.
