Medical Office Building with
800 Concord Road Seaford, DE 19973
800 Concord Road, Seaford, DE, 19973
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For Sale
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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 Market18
Property Features for 800 Concord Road
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Property subtype
- Office
Building Details
- Year Built
- 2021
Listing agency
NAI Coastal
(443) 366-2521
Listed by
Shelby Tomlinson · License #MD 5008965
Source
Crexi
Added: Jul 4 Updated: Jul 21 at 7:37AM Checked: Jul 21 at 7:37AM
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 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
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 | $123.3k | $25.68 |
| − Vacancy | −$22.8k | −$4.75 |
| EGI | $100.5k | $20.93 |
| − OpEx | −$25.1k | −$5.23 |
| NOI | $75.3k | $15.70 |
4,800 SF · lease $25.68/SF/yr · vacancy 18.50% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
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
