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Property profile & analytics
FOR LEASE
Medical Office Space

1500 Shallcross Ave Wilmington, DE 19806

4,035 SF 0.24 ac lot Built 1963
Entity Owned 16-yr Hold ~ Est. High Equity
Property ID
US17-0009746
Property summary
AI-generated overview

This exceptional opportunity presents two remaining executive office suites within an 8,000 square foot building located at 1500 Shallcross Ave, Wilmington, Delaware 19806, in New Castle County. Suite #6 offers approximately 120 square feet of space and is available for $460 per month, while Suite #7 provides approximately 100 square feet and is priced at $420 per month. Both suites are single-tenant spaces and boast attractive features including large windows, access to a shared waiting area, a kitchenette, and a restroom. A significant advantage is the inclusion of all utilities in the monthly rent: electricity, heat, air conditioning, water, and Comcast Wi-Fi. Convenient off-street parking is available, supplemented by ample street parking. The building enjoys a prime location near a variety of restaurants, shopping centers, and parks featuring scenic trails along the Brandywine. Currently, 220 square feet of the building's total 8,000 square feet remains vacant. This presents a rare chance to secure a well-appointed, all-inclusive office space in a desirable Wilmington location.

Property profile
Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1963
Construction CONCRETE
Total area 4,035 SF
Lot 0.24 ac (10,454 SF)
Zoning code 26R-3
APN 26-013.40-097
UPID US17-0009746
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
Current use
Occupant on record · Public records
  • Jennersville Hospitial Hospital
  • Alexander I Dever Md Physician
  • Therapeutic Consulting Physician
  • Delaware Psychiatry and Wellness LLC Physician
  • Mid-Atlantic Surgical Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rosen Properties LLC · 16 yrs held
Rosen Properties LLC
since 2009
1 recorded transaction
2009
$975,000
Zoning & alternative use
26R-3 · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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More about this property
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