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    1806 Van Buren St Wilmington, DE 19802

    For Sale
    $1,450,000

    Prime Medical Office, Delaware, $1.45M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 7,010+/- square foot medical office building presents a lucrative investment opportunity in Wilmington, Delaware. Priced at $1,450,000, this two-story structure boasts 6,005+/- square feet of rentable office space, ideal for a variety of medical practices. Constructed of durable brick and block, the building is situated on two parcels, #26-014.40-010 and 26-014.30-009, and benefits from an R-3 zoning designation. Its strategic location near major transportation arteries, including I-95 and Routes 202, 52, and 13, ensures excellent accessibility for patients and staff. The property's size and location make it an attractive option for established medical practices seeking expansion or new ventures looking for a well-positioned facility. This turnkey opportunity offers a chance to acquire a high-quality medical office building in a thriving Delaware market. Detailed property records and further information are available upon request. Serious inquiries only.

    Property Features for 1806 Van Buren St

    General Information

    Property type
    Medical offices

    HighLights

    • $1,450,000 asking price for this medical office building.
    • 7,010+ square feet, with 6,005+ square feet of rentable space.
    • Two‑story brick and block construction.
    • Located in Wilmington, DE, near major roadways (I‑95, Routes 202, 52, and 13).
    • Zoned R‑3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5475715
    Latitude
    39.7575386

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, Delaware, $1.45M
    Where is this medical office located?
    The property is located at 1806 Van Buren St Wilmington, DE.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: $1,450,000 asking price for this medical office building.; 7,010+ square feet, with 6,005+ square feet of rentable space.; Two-story brick and block construction.
    Request Owner's contact information
    1806 Van Buren St Wilmington, DE 19802
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    Wilmington, DE 19802
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1806 Van Buren St Wilmington, DE 19802
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