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Property profile & analytics
FOR LEASE
Medical Office Space

9315 Ocean Hwy Delmar, MD 21875

10,012 SF 3.96 ac lot Built 2005
Entity Owned 25-yr Hold ~ Est. High Equity
Property ID
US40-1349131
Property summary
AI-generated overview

This exceptional 13,000 square foot building in Delmar, MD, presents a unique investment opportunity. Previously operating as a surgery center and medical office, this versatile property offers flexible leasing options. The building comprises a 7,200 square foot surgery center, a 3,500 square foot medical office, and a 2,300 square foot second-floor space, each with its own entrance and restrooms. Leasing can be arranged for the entire building, or individual sections. The asking lease rate is $16.50 per square foot for the entire building or the 3,500 square foot medical office portion. The 7,200 square foot surgery center is available for $18.00 per square foot. The 2,300 square foot second-floor space is available separately at $8.00 per square foot, but only after the surgery center is leased. The property boasts a convenient covered drop-off/pick-up area and ample parking. Its adaptable design allows for conversion to traditional professional office space. The building is in excellent condition and strategically located on Route 13 between Salisbury, MD and Delmar, MD/DE, providing access to Wicomico and Sussex Counties. The property benefits from easy highway access, acceleration/deceleration lanes, pylon signage, and established stormwater management. The entire property is also available for purchase at $1,987,500, with an adjacent 2.5+ acre parcel available for an additional $500,000.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2005
Construction WOOD
Total area 10,012 SF
Lot 3.96 ac (172,498 SF)
Zoning code C
APN 11-016308
UPID US40-1349131
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
  • Peninsula Endoscopy Center: Routenberg John MD Physician
  • Peninsula Endoscopy Center Medical Clinic
  • Dr. Georgianna K. Mitchell, MD Physician
  • Qualey Deborah A MD Physician
  • Best Remedy Urgent Care, LLC. Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.36M
Blend (final) Blend
$1.30M
Owner & transaction history
Delmarva Ventures LLC
Delmarva Ventures LLC
2 recorded transactions
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C · Delmar, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $2.1M +17.8%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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