Medical Office with Exam
For Sale
Contact for pricing
900 FOULK ROAD #203, Wilmington, DE 19803
Dental-oriented buildout includes treatment rooms, patient reception, private offices, and dedicated clinical support areas.
Property Size19,246 SF
Price / SF$0.00
Days on Market49
Property Features for 900 FOULK ROAD #203
General Information
Standard status
Active
Size
19,246 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
2003
Listing Agency:
RE/MAX Elite
(302) 234-2500
Listed By:
Travis L. Dorman · License #RS318410
(302) 841-3446
Source:
Cummingsrealtors
Added: Aug 31
Changed: Oct 16
Last Checked: Oct 16 at 9:28AM
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 Elite
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Investment Insights
Based on property information with market context.
This 3,970 SF medical office is configured for dental use with 9 exam rooms, each equipped with plumbing and a sink. The interior also includes a reception and waiting area, multiple private offices, 4 restrooms, a laboratory area, sterilization space, a break room and kitchen with pantry, and an on-site laundry room.
The office occupies a professional building constructed in 2003 at 900 Foulk Road, Suite 203, in Wilmington, Delaware. The property offers access to I-95, Route 202, and Downtown Wilmington, along with ample parking for patients and staff. The existing layout provides a combination of patient-facing, administrative, and clinical support areas within one medical office suite.
The office occupies a professional building constructed in 2003 at 900 Foulk Road, Suite 203, in Wilmington, Delaware. The property offers access to I-95, Route 202, and Downtown Wilmington, along with ample parking for patients and staff. The existing layout provides a combination of patient-facing, administrative, and clinical support areas within one medical office suite.
Key Highlights
- 3,970 SF medical office suite
- 9 exam rooms with plumbing and sinks
- Reception and waiting area plus multiple private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$262,142
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,242,840
$5.2M
Cap Rate 7%
$3,744,886
$3.7M
Cap Rate 9%
$2,912,689
$2.9M
Market Conditions
NOI Build-Up for 19,246 SF
Gross rent
$434.2K $22.56/SF
− Vacancy
−$84.7K −$4.40/SF
EGI
$349.5K $18.16/SF
− OpEx
−$87.4K −$4.54/SF
NOI
$262.1K $13.62/SF
Area
New Castle County, DE
Vacancy
19.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,242,840
Cap Rate 7%
$3,744,886
Cap Rate 9%
$2,912,689
Alternative Uses
Best Use
Healthcare Medical
$3.97M
$3.47M – $4.63M
NOI $277,662 @ 7.0% cap · market cap 1,110,648.00%
Second Best
Office B
$3.74M
$3.28M – $4.37M
NOI $262,142 @ 7.0% cap · market cap 1,048,568.00%
Theoretical Best
Office A
$4.60M
$4.03M – $5.37M
NOI $322,243 @ 7.0% cap · market cap 1,288,972.00%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19803, DE
21,886
Population
8,900
Households
2.5
Avg Household Size
47
Median Age
61%
College-Educated
97%
High-School Grad
12.7 sq mi
ZIP Area
1,723
Density / Sq Mi
$133,941
Median Household Income
$73,611
Median Earnings
$1,736
Median Rent
$436,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Dental-oriented buildout includes treatment rooms, patient reception, private offices, and dedicated clinical support areas.
Where is this medical office space located?
The property is located at 900 FOULK ROAD #203 Wilmington, DE.
What are key features of this property?
This property features: 3,970 SF medical office suite; 9 exam rooms with plumbing and sinks; Reception and waiting area plus multiple private offices
