Dover Office Building For
525 N Red Haven Ln Dover, DE
For Sale
Contact for pricing
Office building with 12,083 square feet of space.
Property Size12,083 SF
Lot Size5.00 Acres
Price / SF$188.69
Days on Market608
Property Features for 525 N Red Haven Ln
General Information
- Standard status
- Active
- Size
- 12,083 SF
- Lot size
- 5.00 Acres
- Property subtype
- OFFICE
Listing Agency:
R&R Commercial Realty
(302) 674-3400
Listed By:
Charles Rodriguez · License #3293114
Source:
Moodyscre
Added: Nov 26, 2024
Changed: Jul 10
Last Checked: Jul 21 at 3:10AM
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 R&R Commercial Realty
Investment Insights
Based on property information with market context.
This office building in Dover, DE, offers 12,083 square feet of space. It is suitable for office use.
Key Highlights
- 12,083 square feet of office space.
Financial Insights For Office B
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 | $281.3k | $23.28 |
| − Vacancy | −$62.4k | −$5.17 |
| EGI | $218.8k | $18.11 |
| − OpEx | −$54.7k | −$4.53 |
| NOI | $164.1k | $13.58 |
12,083 SF · lease $23.28/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.34M
$2.05M – $2.74M
NOI $164,134 @ 7.0% cap · market cap 7.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.04M
$2.66M – $3.55M
NOI $212,979 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Longacre Village Shopping ...
Business Service Center
La Bella Vita ...
Hair Salon
FAQs
What type of property is this?
Office building - Office building with 12,083 square feet of space.
Where is this office building located?
The property is located at 525 N Red Haven Ln Dover, DE.
What is the asking price?
The asking price for this property is $2,280,000.
What are key features of this property?
This property features: 12,083 square feet of office space.
