611 Federal Street, Milton, DE 19968
Fully leased medical office park with expansion potential in Milton, DE.
- Added:
- Jan 27, 2026
- Days on Market:
- 119
- Last Refresh:
- Apr 6 at 12:45 am
Property Features for 611 Federal Street
General Information
- Standard status
- Active
- Size
- 12,860 SF
- Property subtype
- Office
Building Details
- Year Built
- 2009
Listing agent Wesley Cox, CCIM License #574198 (410) 543-2421
Listing office SVN - Miller | Salisbury (410) 543-2421
Listing date Jan 27, 2026
Source Svnmiller
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 SVN - Miller | Salisbury
HighLights
- Fully leased medical office park with long‑standing tenants, providing immediate income.
- Located in Sussex County, one of the fastest‑growing markets on the East Coast, ensuring long‑term value.
- Includes a pad site for a future +/-3,264 SF office building, offering expansion potential.
- Strategically located near downtown Milton and Route 1, with excellent accessibility and visibility.
- Positioned in a revitalizing downtown area with 2,000+ new residential lots planned, supporting long‑term occupancy.
- Multi‑tenant diversification across two buildings totaling 12,860+/- SF, reducing risk.
Overview
Financial Insights
Value Estimation Calculated for Office B
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $330.2k | $25.68 |
| − Vacancy | −$61.1k | −$4.75 |
| EGI | $269.1k | $20.93 |
| − OpEx | −$67.3k | −$5.23 |
| NOI | $201.9k | $15.70 |
Alternative Use Scenarios
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Milton
- County
- Sussex
- State
- Delaware
- Longitude
- -75.3144
- Latitude
- 38.7701