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Property profile & analytics

724 New St Dover, DE 19904

  • Commercial real estate
  • 10,340 SF
  • 0.70 lot acres
Value Estimation
Location Intelligence
Property ID
US17-0252360
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Edward L. Alexander III, MD / Surgeon
  • Bayhealth General & Colorectal Surgery / Surgical Center
  • Allison Sealund / Physician Assistant
  • Bayhealth General Surgery, Dover / Medical Clinic
  • John Mitchell, MD / Surgeon

Property Details for 724 New St

Year built
1987
Lot size
0.70 lot acres
Property size
10,340 SF
Zone code
CPO
Property type
Commercial real estate
APN
2-05-077.13-01-29.07-000
APU
20507713012907000

Description

This exceptional 5,041-square-foot medical office building is available for lease at 724 S. New St, Dover, Delaware, 19904. The property boasts a single-tenant occupancy, offering a unique opportunity for a medical practice seeking a substantial and well-located space. The building is zoned CPO and situated in Kent County, providing convenient access to major roadways and a strong patient base. Ample parking is available with 60 spaces provided for staff and patients. The entire building is currently vacant, presenting a blank canvas for a new tenant to customize the space to their exact specifications. This presents a rare chance to secure a substantial, single-tenant medical office building in a desirable location. The property's size and parking capacity make it ideal for a variety of medical practices, from primary care to specialized clinics. The address is 724 S. New St, Dover, DE 19904. Interested parties are encouraged to inquire for further details and leasing information. The property offers a significant opportunity for a medical practice seeking a prominent presence in the Dover, Delaware market. The building's size and ample parking make it an attractive option for practices requiring substantial space and convenient patient access. The single-tenant occupancy eliminates the complexities of multi-tenant management, offering a streamlined and efficient operational environment.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $430,000
  • CAP approach

    CAP return
    Estimation
    6%
    $665,000
    6.5%
    $600,000
    7%
    $675,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $610,000
    Geo Method
    $700,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $680,000
    Retail
    $600,000
    Mixed-Use
    $615,000
    Hospitality
    $600,000
    Educational
    $695,000
    Residential Income
    $625,000
    Energy
    $625,000
    Income-Based Land
    $585,000
    Food Service
    $560,000

Location Insight

  • Map
  • Local Demand
City
Dover
County
Kent
State
Delaware
Longitude
-75.5267
Latitude
39.1508
CBSA code
20100
CBSA name
DOVER, DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,260
$29,500
$285,100
$314,600
-
$0.00
$0.00
$0.00
More about this property
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