Medical Office Suite with
773 QUEEN #A, Dover, DE 19901
For Sale
Contact for pricing
Configured medical office space with a waiting area, reception desk, and private offices in a shared professional building.
Property Size1,000 SF
Price / SF$2.30
Days on Market55
Property Features for 773 QUEEN #A
General Information
Standard status
Size
Property subtype
Additional Details
Utilities to Site
Building Details
Year Built
Tenancy
Listing Agency:
RE/MAX Horizons
(302) 678-4300
Listed By:
Karen Waters · License #RA-0031001
(302) 233-3608
Source:
Cummingsrealtors
Added: Sep 14
Changed: Nov 6
Last Checked: Nov 6 at 9:21AM
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 RE/MAX Horizons
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit A offers approximately 1,000 square feet within a medical office building constructed in 1986. The existing layout includes a waiting area, reception area, and several private offices, supporting a functional professional setting without relying on a blank-shell configuration. The space was previously occupied as a medical office.
The property is positioned near other medical offices and downtown Dover. Parking is shared with a dental office, and the occupant is responsible for heating, cooling, electric, and water usage. The unit provides a defined office layout within an established professional-use setting.
The property is positioned near other medical offices and downtown Dover. Parking is shared with a dental office, and the occupant is responsible for heating, cooling, electric, and water usage. The unit provides a defined office layout within an established professional-use setting.
Key Highlights
- Approximately 1,000 square feet in Unit A
- Existing waiting area and reception area
- Several private offices already configured
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,584
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,680
$271.7K
Cap Rate 7%
$194,057
$194.1K
Cap Rate 9%
$150,933
$150.9K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$23.3K $23.28/SF
− Vacancy
−$5.2K −$5.17/SF
EGI
$18.1K $18.11/SF
− OpEx
−$4.5K −$4.53/SF
NOI
$13.6K $13.58/SF
Area
Kent County, DE
Vacancy
22.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,680
Cap Rate 7%
$194,057
Cap Rate 9%
$150,933
Alternative Uses
Best Use
Healthcare Medical
$197.0K
$172.4K – $229.8K
NOI $13,790 @ 7.0% cap · market cap 599.57%
Second Best
Office B
$194.1K
$169.8K – $226.4K
NOI $13,584 @ 7.0% cap · market cap 590.61%
Theoretical Best
Office A
$251.8K
$220.3K – $293.8K
NOI $17,626 @ 7.0% cap · market cap 766.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,235
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19901, DE
36,839
Population
15,443
Households
2.4
Avg Household Size
34
Median Age
27%
College-Educated
89%
High-School Grad
75.8 sq mi
ZIP Area
486
Density / Sq Mi
$63,891
Median Household Income
$33,069
Median Earnings
$1,353
Median Rent
$258,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Governors Avenue Animal Hospital — 1008 S Governors Ave, Dover, DE 19904
- Delmarva Equine Clinic — 1008 S Governors Ave, Dover, DE 19904
- Michelle Egli, DVM — 1008 S Governors Ave, Dover, DE 19904
- Sosonowski Janice L DVM — 1008 S Governors Ave, Dover, DE 19904
- Governor's Avenue Animal Hospital: Foor James C DVM — 1008 S Governors Ave, Dover, DE 19904
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured medical office space with a waiting area, reception desk, and private offices in a shared professional building.
Where is this medical office space located?
The property is located at 773 QUEEN #A Dover, DE.
What are key features of this property?
This property features: Approximately 1,000 square feet in Unit A; Existing waiting area and reception area; Several private offices already configured
