Newly Built 2021 Medical
For Sale
Contact for pricing
800 Health Services Dr, Seaford, DE 19973
NNN-leased medical office occupied by Planned Parenthood, newly constructed in 2021.
Property Size4,800 SF
Price / SF$260.42
Days on Market912
Property Features for 800 Health Services Dr
General Information
Standard status
Active
Size
4,800 SF
Property subtype
OFFICE
Net Operating Income
$81,480
Building Details
Year Built
2021
Tenancy
Single
Listing Agency:
NAI Coastal
(410) 543-5115
Listed By:
Shelby G. Tomlinson · License #5008965
(443) 366-2521
Source:
Moodyscre
Added: Apr 24, 2024
Changed: Oct 6
Last Checked: Oct 20 at 11:01PM
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 newly constructed in 2021 medical office building offers approximately +/-4,800 SF of space occupied by Planned Parenthood. The property is under a NNN lease structure with 3% annual increases, with an initial lease term through 12/31/28. The lease also includes two 3-year option periods.
Located in Seaford’s Medical & Professional Office Corridor, the building benefits from being positioned among healthcare and medical-focused businesses. The corridor also includes Tidal Health Hospital, Family Dentistry practices, and multiple other medical and professional offices.
For buyers seeking a tenant-occupied, single-tenant medical office asset within an established healthcare corridor, this property combines a modern construction date with a defined in-place lease term and annual increase provisions.
Located in Seaford’s Medical & Professional Office Corridor, the building benefits from being positioned among healthcare and medical-focused businesses. The corridor also includes Tidal Health Hospital, Family Dentistry practices, and multiple other medical and professional offices.
For buyers seeking a tenant-occupied, single-tenant medical office asset within an established healthcare corridor, this property combines a modern construction date with a defined in-place lease term and annual increase provisions.
Key Highlights
- +/- 4,800 SF medical office building occupied by Planned Parenthood
- Newly constructed in 2021
- NNN lease structure
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
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Balanced
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
Similar Off Market Nearby
- Petco Vaccination Clinic — 22966 Sussex Hwy, Seaford, DE 19973
Frequently Asked Questions
What type of property is this?
Medical Office Space - NNN-leased medical office occupied by Planned Parenthood, newly constructed in 2021.
Where is this medical office space located?
The property is located at 800 Health Services Dr 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: +/- 4,800 SF medical office building occupied by Planned Parenthood; Newly constructed in 2021; NNN lease structure
