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    Medical Office Space For Sale Title is generated by Realmo AI

    251 LEWIS Ln 102, Havre de Grace, MD 21078

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    For Sale
    $725,000

    Medical office space available within Havre de Grace Medical Center.

    Type:Commercial
    Property size:
    4,338 SF
    Price / SF:
    $167/SF
    Added:
    Mar 11, 2026
    Days on Market:
    118
    Last Refresh:
    Jul 2 at 7:35 pm

    Property Features for 251 LEWIS Ln 102

    General Information

    Standard status
    Active
    Size
    4,338 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2008

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    Reed J Stupalski
    Reed J Stupalski

    Listing office EXP Realty, LLC

    Listing date Mar 11, 2026

    Source Elliman

    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 EXP Realty, LLC

    HighLights

    • Located in Havre de Grace Medical Center.
    • 4,338 sq ft of medical office space.
    • Existing lease provides income at $24 per sq ft.
    • Configured as two separate spaces, one medical office.
    • Multiple private offices, reception areas, restrooms, kitchenettes, laundry areas, and open workspaces.
    • Level main entry, elevator access, and free surface parking.

    Overview

    Available for sale is a 4,338 square foot medical office space located on the main level of Havre de Grace Medical Center. Public records identify the space as Unit 102, though it is physically labeled on-site as Units 103 and 104. The suite is currently configured as two separate spaces. One side is set up as a medical office, and the other is leased to a physical therapy provider with a 5 year lease in place at a fixed $24 per sq ft. Features include multiple private offices, reception areas, restrooms, kitchenettes, laundry areas, and open workspaces. The building offers level main entry, elevator access, and free surface parking.

    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
    4,338 SF · lease $24.48/SF/yr · vacancy 15.10% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $772.8K
    $676.2K – $901.6K (±1% cap)
    NOI $54,095 @ 7.0% cap · market cap 7.46%
    Second Best
    Office B
    $434.5K
    $380.2K – $506.9K (±1% cap)
    NOI $30,414 @ 7.0% cap · market cap 4.20%
    Theoretical Best
    Office A
    $1.53M
    $1.34M – $1.78M (±1% cap)
    NOI $106,846 @ 7.0% cap · market cap 14.74%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Health Care for Children Physician Deep Sleep Medical Clinic Sankar J. Kausik, ... Physician Union Medical Clinic Medical Clinic Dr. Hi-Sup Sim, ... Physician

    Suggested Use

    Real Estate Agency Law Firm Building Supply Restaurant Big Box & Wholesale Store Hotel & Motel Accounting Firm Spa & Massage Center Grocery & Convenience Store Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Havre de Grace
    County
    Harford
    State
    Maryland
    Longitude
    -76.1045
    Latitude
    39.5467

    FAQs

    What type of property is this?
    Medical Office Space - Medical office space available within Havre de Grace Medical Center.
    Where is this medical office space located?
    The property is located at 251 LEWIS Ln 102 Havre de Grace, MD.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: Located in Havre de Grace Medical Center.; 4,338 sq ft of medical office space.; Existing lease provides income at $24 per sq ft.
    More about this property
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