Medical Office Investment
800 Health Services Dr Seaford, DE 19973
800 Health Services Dr, Seaford, DE, 19973
Contact for pricing
For Sale
Contact for pricing
Pending
4,800 SF Medical office Building occupied by nationally recognized tenant.
Property Size4,800 SF
Days on Market1163
Property Features for 800 Health Services Dr
General Information
- Standard status
- Pending
- Size
- 4,800 SF
- Property subtype
- Office
Building Details
- Year Built
- 2021
Listing Agency
NAI Coastal
Listed by
Shelby Tomlinson · License #MD 5008965
Source
Crexi
Added: May 15, 2023 Checked: Jul 19 at 5:10 am
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 is a 4,800 square foot medical office building, constructed in 2021. The property is currently occupied by a nationally recognized tenant under a NNN lease. The current lease is set to expire on December 31, 2028, and includes annual rent increases of 3%, along with two 3-year options. The property is situated in an established medical corridor, near Tidal Health Hospital, family dentistry practices, and various other medical and professional offices, making it a stable location for medical services.
Key Highlights
- Stable, long‑term investment with a nationally recognized tenant and NNN lease expiring 12/31/28.
- Annual 3% rent increases provide consistent income growth.
- Two 3‑year options offer potential for extended lease term.
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
Property Profile
Location Intelligence
Current Use by Public Records
Planned Parenthood of Delaware ...
Medical Clinic
Jessica Day-Chrzaszcz
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Petco Vaccination Clinic — 22966 Sussex Hwy, Seaford, DE 19973
FAQs
What type of property is this?
Medical Office Space - 4,800 SF Medical office Building occupied by nationally recognized tenant.
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: Stable, long‑term investment with a nationally recognized tenant and NNN lease expiring 12/31/28.; Annual 3% rent increases provide consistent income growth.; Two 3‑year options offer potential for extended lease term.
