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Property profile & analytics
FOR LEASE
Medical Office Space
2700 Silverside Rd Wilmington, DE 19810
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US17-0142941
For Lease
1 / 41
Contact for pricing
2700 Silverside Rd, Wilmington, DE 19810
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Property summary
AI-generated overview
2700 Silverside Road in Wilmington, Delaware offers exceptional medical office space for lease. This Class B building, located in New Castle County, features multiple tenancy options, ideal for a variety of medical practices. Currently, two suites are available, ranging in size from 1,030 square feet to 1,880 square feet. The building is situated in a convenient location with easy access to major transportation routes, ensuring convenient access for both patients and staff. The property benefits from abundant natural light, creating a welcoming and comfortable environment. Furthermore, the building is equipped with essential amenities specifically designed for medical practices, including provisions for medical waste disposal. The existing tenant mix includes a diverse range of medical specialties, creating a collaborative and thriving medical community. These specialties include internal medicine, family practice, endocrinology, radiology, cardiology, urgent care, and laboratory services. This presents a unique opportunity to join an established and successful medical center in a highly desirable location. The total building square footage is not currently available. Interested parties are encouraged to inquire for further details and leasing information. The property's address is 2700 Silverside Rd, Wilmington, DE 19810.
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1978
Construction
CONCRETE
Total area
26,080 SF
Lot
3.71 ac (161,608 SF)
Zoning code
ON
APN
06-054.00-033
UPID
US17-0142941
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
-
Symmetry Chiropractic Inc Alternative Medicine Practice
-
RADfertility Medical Clinic
-
Dr. Arthur W. Colbourn, MD Physician
-
Primary Care Physician, Dr. Bruce Sokoloff, Total Access Medical Physician
-
Delaware Family Care Associates Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.88M
Blend (final)
Blend
$3.19M
Owner & transaction history
Vardhan Properties LLC · 7 yrs held
Vardhan Properties LLC
since 2018
5 recorded transactions
Zoning & alternative use
ON · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Restaurant
$4.5M
+2.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,375,000
Current use
RESTAURANT
$4,485,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$3.19M
Range $2.87M – $3.50M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$122 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$59,856
Tax year 2023
Assessed value
$1,701,200
Assessed 2023
Previous assessed
$1,701,200
+0.0% YoY
Effective rate
3.52%
On assessed value
Assessed land
$445,200
Assessed improvement
$1,256,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
DENTAL BUILDING
Status
For Lease
Year built
1978
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
1
Total area
26,080 SF
Lot
3.71 ac (161,608 SF)
Zoning code
ON
APN
06-054.00-033
UPID
US17-0142941
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
ON · Wilmington, DEZoning ON · permitted uses
ON · Wilmington, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.4M
RESTAURANT
Est. value
$4.5M
MEDICAL BUILDING Current
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
3.71 ac
Current owner
From public records · entity-resolved
Vardhan Properties LLC
Entity
Mailing address
501 SILVERSIDE RD, WILMINGTON, DE 19809-1374
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2025
—
Vardhan Properties LLC
—
Deed
related
$2,620,000 · Wilmington Savings Fund Society Fsb
Dec 12, 2019
—
Vardhan Properties LLC
—
Deed
related
$50,000 · Td Bank NA
Dec 19, 2018
—
Vardhan Properties LLC
Silverside Investment Group LLC
Deed
$3,240,000 · Td Bank NA
—
—
Silverside Inv Group LLC
—
Loan Modification
related
$2,252,000 · Wells Fargo Bank
—
—
Silverside Investment Group LLC
—
Deed Of Trust
related
$250,000 · Wachovia Bank Of Delaware NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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