Medical Office Building Near
1806 North Van Buren Street Wilmington, DE 19802
For Sale
$1,100,000
7,010 SF medical office building near I-95.
Property Size7,010 SF
Price / SF$156.92
Days on Market123
Property Features for 1806 North Van Buren Street
General Information
- Standard status
- Active
- Size
- 7,010 SF
- Property subtype
- Healthcare
Listing Agency:
CBRE | Wilmington
(302) 661-6712
Listed By:
Brian Hopkins · License #RS-0014330
(302) 661-6712
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 25 at 3:24AM
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 CBRE | Wilmington
Investment Insights
Based on property information with market context.
This is a 7,010 square foot medical office building with 6,005 square feet of rentable office space. The building is a two-story structure constructed with brick and block. It is zoned R-3 and located near I-95 and Routes 202, 52 and 13.
Key Highlights
- Located near I‑95 and Routes 202, 52 and 13
- 7,010+\/- SF medical office building
- 6,005+\/- SF of rentable office space
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 | $192.6k | $27.48 |
| − Vacancy | −$24.1k | −$3.44 |
| EGI | $168.6k | $24.05 |
| − OpEx | −$67.4k | −$9.62 |
| NOI | $101.1k | $14.43 |
7,010 SF · lease $27.48/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.44M
$1.26M – $1.69M
NOI $101,133 @ 7.0% cap · market cap 9.19%
Second Best
Office B
$1.36M
$1.19M – $1.59M
NOI $95,480 @ 7.0% cap · market cap 8.68%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,371 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Erik A. Underhill, ...
Physician
Dr. Nancy Fan, ...
Physician
Salvo Anthony MD
Physician
Bancroft Internal Medicine
Medical Clinic
Heldt Cynthia MD
Physician
Similar Off Market Nearby
- Kentmere Veterinary Hospital — 1710 Lovering Ave, Wilmington, DE 19806
- At Home Pet Vet Care — 1201 Orange St #700, Wilmington, DE 19801
FAQs
What type of property is this?
Medical Office Space - 7,010 SF medical office building near I-95.
Where is this medical office space located?
The property is located at 1806 North Van Buren Street Wilmington, 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: Located near I‑95 and Routes 202, 52 and 13; **7,010+\/- SF medical office building**; 6,005+\/- SF of rentable office space
