Medical Office Building with
For Sale
Contact for pricing
800 Concord Road, Seaford, DE 19973
Approximately 4,800 SF medical office building is occupied by Planned Parenthood under an in-place lease.
Property Size4,800 SF
Price / SF$260.42
Days on Market111
Property Features for 800 Concord Road
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Office
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$83,916
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2021
Tenancy
Single
Listing Agency:
NAI Coastal
Listed By:
Shelby Tomlinson · License #MD 5008965
(443) 366-2521
Source:
Crexi
Added: Jul 4
Changed: Oct 12
Last Checked: Oct 20 at 5:59PM
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
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.
This approximately 4,800 SF medical office building is currently occupied by Planned Parenthood. The property is structured with a lease currently in its initial term through 12/31/28, including annual rent increases and two three-year options.
The building is positioned within a stable medical corridor that also includes Tidal Health Hospital, Family Dentistry practices, and multiple other medical and professional offices. It is located directly off US Route 13 Herring Run Professional Center.
For buyers seeking an income-producing healthcare asset, the offering includes an identified current NOI of $81,480 based on the existing tenancy and lease terms.
The building is positioned within a stable medical corridor that also includes Tidal Health Hospital, Family Dentistry practices, and multiple other medical and professional offices. It is located directly off US Route 13 Herring Run Professional Center.
For buyers seeking an income-producing healthcare asset, the offering includes an identified current NOI of $81,480 based on the existing tenancy and lease terms.
Key Highlights
- Approximately 4,800 SF medical office building built in 2021
- Occupied by Planned Parenthood under an in‑place lease
- Lease initial term through 12/31/28 with annual rent increases and two 3‑year options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,345
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,506,900
$1.5M
Cap Rate 7%
$1,076,357
$1.1M
Cap Rate 9%
$837,167
$837.2K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$123.3K $25.68/SF
− Vacancy
−$22.8K −$4.75/SF
EGI
$100.5K $20.93/SF
− OpEx
−$25.1K −$5.23/SF
NOI
$75.3K $15.70/SF
Area
Sussex County, DE
Vacancy
18.50%
Lease Rate
$25.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,506,900
Cap Rate 7%
$1,076,357
Cap Rate 9%
$837,167
Alternative Uses
Best Use
Office B
$1.08M
$941.8K – $1.26M
NOI $75,345 @ 7.0% cap · market cap 6.03%
Second Best
Healthcare Medical
$967.7K
$846.7K – $1.13M
NOI $67,738 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,333 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19973, DE
25,550
Population
10,725
Households
2.4
Avg Household Size
42
Median Age
18%
College-Educated
84%
High-School Grad
84.0 sq mi
ZIP Area
304
Density / Sq Mi
$62,668
Median Household Income
$36,439
Median Earnings
$1,131
Median Rent
$254,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Approximately 4,800 SF medical office building is occupied by Planned Parenthood under an in-place lease.
Where is this medical office space located?
The property is located at 800 Concord Road Seaford, DE.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 4,800 SF medical office building built in 2021; Occupied by Planned Parenthood under an in‑place lease; Lease initial term through 12/31/28 with annual rent increases and two 3‑year options
