251 Lewis Lane Unit 102, Havre de Grace, MD 21078
Main-level medical office space with multiple private offices and elevator access, including an in-suite physical therapy tenant.
- Added:
- Jun 22, 2025
- Days on Market:
- 359
- Last Refresh:
- Jun 14 at 1:44 am
Property Features for 251 Lewis Lane Unit 102
General Information
- Standard status
- Active
- Size
- 4,338 SF
- Property subtype
- Office
Building Details
- Year Built
- 2008
Listing agent Lee Tessier License #611586 (410) 638-9555
Listing office EXP Realty, LLC (410) 638-9555
Listing date Jun 22, 2025
Source Xome
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All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty, LLC
HighLights
- 4,338 SF medical office suite on the main level of Havre de Grace Medical Center
- Suite is configured as two separate spaces: one medical office and one leased physical therapy space
- Physical therapy tenant has a 5‑year lease at a fixed $24 per SF
- Multiple private offices, reception areas, restrooms, kitchenettes, laundry areas, and open workspaces
- Central air and main‑level elevator access
- Free surface parking; asphalt, paved road; zoning C
Overview
The building provides level main entry, elevator access, and free surface parking for visitors and staff. The suite is part of a medical center setting, supporting convenient, daily operations for healthcare users.
For tenants, the layout supports a mix of private exam or office space and shared reception and support areas, with multiple restrooms and kitchenettes/laundry spaces to accommodate day-to-day workflow. For buyers, the suite’s two-area configuration includes an existing physical therapy lease in place at a fixed $24 per square foot for five years, which may appeal to an operator seeking a healthcare-oriented tenancy within a larger medical facility.
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 | $106.2k | $24.48 |
| − Vacancy | −$16.0k | −$3.70 |
| EGI | $90.2k | $20.78 |
| − OpEx | −$36.1k | −$8.31 |
| NOI | $54.1k | $12.47 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Havre de Grace
- County
- Harford
- State
- Maryland
- Longitude
- -76.1100936
- Latitude
- 39.5471944
