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Property profile & analytics
OFF-MARKET
Office Spaces

118 Atlantic Ave Ocean View, DE 19970

Built 1970
Property ID
Property summary
AI-generated overview

This exceptional single-tenant medical office building, situated at 118 Atlantic Ave in Ocean View, Delaware 19970, presents a unique investment opportunity. The 2,000 square foot building, constructed in 1970 and extensively renovated in 2016, boasts a desirable Class B rating. Its single-story design features a generous 10-foot ceiling height, creating a spacious and comfortable environment. The property offers convenient access to major thoroughfares, providing excellent visibility and easy commutes to nearby Fenwick Island and Bethany Beach. With 55 total parking spaces, ample parking is readily available for patients and staff. The building is located within the thriving "Medical or Other" submarket of Ocean View, benefiting from the area's robust growth. The absence of elevators is noted. This well-maintained property is ideal for a medical practice seeking a comfortable and accessible location in a rapidly expanding coastal Delaware community. The property's strategic location along Atlantic Avenue ensures high visibility and easy access for clients. This presents a rare opportunity to acquire a well-established medical office building in a prime location.

Property profile
Verified
Property type Office Spaces
Year built 1970
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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