Medical Office Building
501 Health Services Dr Seaford, DE 19973
501 Health Services Dr, Seaford, DE, 19973
Contact for pricing
For Sale
Contact for pricing
Single medical office building totaling 6,150 SF, currently occupied by two credit-worthy tenants under triple-net leases.
Property Size6,150 SF
Price / SF$284.55
Days on Market72
Property Features for 501 Health Services Dr
General Information
- Standard status
- Active
- Size
- 6,150 SF
- Property subtype
- OFFICE
Listing agency
NAI Coastal
(443) 523-4539
Listed by
Chris Davis · License #302826
(443) 523-4539
Source
Moodyscre
Added: May 11 Updated: Jul 21 at 1:20PM Checked: Jul 21 at 1:20PM
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 NAI Coastal
Investment Insights
Based on property information with market context.
This medical office building offers 6,150 SF of space and is currently occupied by POA and Seaford Clear Care Solutions. The property is leased under triple-net terms and includes annual increases with a long remaining term.
The building is located within Herring Run Professional Center, in Seaford’s Medical & Professional Corridor, supporting a professional tenant environment.
For investors or owner-users seeking a stabilized medical office asset, this property provides a straightforward, multi-tenant income profile with long-term lease structure and scheduled annual increases.
The building is located within Herring Run Professional Center, in Seaford’s Medical & Professional Corridor, supporting a professional tenant environment.
For investors or owner-users seeking a stabilized medical office asset, this property provides a straightforward, multi-tenant income profile with long-term lease structure and scheduled annual increases.
Key Highlights
- 6,150 SF medical office building in the Herring Run Professional Center in Seaford’s Medical & Professional Corridor
- Currently occupied by two credit‑worthy tenants: POA & Seaford Clear Care Solutions
- Tenants are on triple‑net (NNN) leases with annual increases
Local 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 | $157.9k | $25.68 |
| − Vacancy | −$29.2k | −$4.75 |
| EGI | $128.7k | $20.93 |
| − OpEx | −$32.2k | −$5.23 |
| NOI | $96.5k | $15.70 |
6,150 SF · lease $25.68/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,536 @ 7.0% cap · market cap 5.52%
Second Best
Healthcare Medical
$1.24M
$1.08M – $1.45M
NOI $86,789 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,301 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Peninsula Home Care ...
Home Health Care Service
Similar For Sale Nearby
Similar Off Market Nearby
- Petco Vaccination Clinic — 22966 Sussex Hwy, Seaford, DE 19973
FAQs
What type of property is this?
Medical Office Space - Single medical office building totaling 6,150 SF, currently occupied by two credit-worthy tenants under triple-net leases.
Where is this medical office space located?
The property is located at 501 Health Services Dr Seaford, DE.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 6,150 SF medical office building in the Herring Run Professional Center in Seaford’s Medical & Professional Corridor; Currently occupied by two credit‑worthy tenants: POA & Seaford Clear Care Solutions; Tenants are on triple‑net (NNN) leases with annual increases
