Medical Office Space
For Sale
Contact for pricing
Pending
4735 Ogletown Stanton Rd, Newark, DE 19713
Medical office space for sale near Christiana Hospital Campus.
Property Size13,132 SF
Days on Market847
Property Features for 4735 Ogletown Stanton Rd
General Information
Standard status
Pending
Size
13,132 SF
Property subtype
Office
Investment Type
Owner/User
Listing Agency:
Zommick McMahon Commercial Real Estate Inc
(610) 359-1100
Listed By:
Mark Trani · License #RS330199
Source:
Crexi
Added: May 7, 2024
Changed: Aug 8
Last Checked: Jul 24 at 3:53PM
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 Zommick McMahon Commercial Real Estate Inc
Investment Insights
Based on property information with market context.
This is a rare opportunity to purchase a 13,132 square foot medical office space within The Christiana Hospital Campus. Currently operating as an OBGYN practice, the space is located on the second floor and accessible by elevator. The suite features 19 exam rooms, 9 individual offices, 2 large back offices or conference rooms, and a large staff kitchen and break room. There is also a large laboratory and 9 bathrooms. The spacious waiting room includes a child-friendly cut-out. A large reception and front office area is also present. The property includes an attached suite with a separate entrance off the second floor, featuring 3 exam rooms, 1 office, 1 bathroom, and its own reception and waiting area. The main suite has locked access.
Key Highlights
- Medical office space within The Christiana Hospital Campus.
- Large space: 13,132 square feet.
- Includes 19 Exam Rooms and 9 Individual Offices.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$189,455
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,789,100
$3.8M
Cap Rate 7%
$2,706,500
$2.7M
Cap Rate 9%
$2,105,056
$2.1M
Market Conditions
NOI Build-Up for 13,132 SF
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.
Gross rent
$360.9K $27.48/SF
− Vacancy
−$45.1K −$3.44/SF
EGI
$315.8K $24.05/SF
− OpEx
−$126.3K −$9.62/SF
NOI
$189.5K $14.43/SF
Area
New Castle County, DE
Vacancy
12.50%
Lease Rate
$27.48 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,789,100
Cap Rate 7%
$2,706,500
Cap Rate 9%
$2,105,056
Alternative Uses
Best Use
Healthcare Medical
$2.71M
$2.37M – $3.16M
NOI $189,455 @ 7.0% cap · market cap 3.64%
Second Best
Office B
$2.56M
$2.24M – $2.98M
NOI $178,866 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$3.14M
$2.75M – $3.66M
NOI $219,874 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,904
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19713, DE
31,867
Population
12,803
Households
2.5
Avg Household Size
38
Median Age
30%
College-Educated
90%
High-School Grad
13.0 sq mi
ZIP Area
2,451
Density / Sq Mi
$72,850
Median Household Income
$42,557
Median Earnings
$1,293
Median Rent
$267,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space for sale near Christiana Hospital Campus.
Where is this medical office space located?
The property is located at 4735 Ogletown Stanton Rd Newark, DE.
What is the asking price?
The asking price for this property is $5,199,000.
What are key features of this property?
This property features: Medical office space within The Christiana Hospital Campus.; Large space: **13,132 square feet**.; Includes **19 Exam Rooms** and 9 Individual Offices.
