Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    4 E Laurel St, Unit 103 Georgetown, DE 19947

    Sponsored
    For Lease
    $895 /Mo ($1.54 SF/Yr)

    CommercialLease - GEORGETOWN, DE

    Type:Office
    Property size:
    300 SF
    Lot size:
    0.16 Acres
    Days on Market:
    7
    Last Refresh:
    Jan 18 at 12:06 am

    Property Features for 4 E Laurel St

    General Information

    Property type
    Other
    Property subtype
    Office
    Property condition
    Under Construction
    Standard status
    Active
    Parking
    8
    Parking features
    On Street, Parking Lot
    Size
    300 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Building materials
    Stick Built

    We can help!

    Listing Contact
    Carrie Lingo

    Jack Lingo Realtor, Inc. (302) 226-6407 [email protected]

    Listing agent CARRIE LINGO (302) 645-2207 License #RS-0017885

    Listing date Jan 12, 2026

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Georgetown Office Space For Lease

    This commercial space offers 300 square feet of first-floor office space. The tenant is responsible for utilities, with water, trash, and sewer services billed at $80 per month. The property includes access to a shared first-floor conference room and kitchenette. Parking is shared, and designated parking spaces are not available. The property is located in Georgetown, DE, on a lot of 0.16 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Sussex
    State
    Delaware
    Longitude
    -75.38636
    Latitude
    38.6912

    Nearby Similar for Lease

    • $18 SF/Yr
      43,560 SF

      Georgetown Office Building For Lease

      3,400 SF office building in the heart of Georgetown.
      20200 Dupont Blvd, Georgetown, DE 19947
      View Details
    • New
      $750 /Mo

      Office Space in Georgetown Circle

      Office space available in the heart of Georgetown's Historic Circle.
      31 The Circle St, Georgetown, DE 19947
      View Details
    • $1,500 /Mo

      Georgetown, DE Mixed-Use Duplex

      Mixed-use duplex in Georgetown, suitable for professional services or retail.
      107 N Bedford St, Georgetown, DE 19947
      View Details
    • $20 SF/Yr

      New Flex Building on Route 9

      New construction flex building with retail, office, warehouse potential.
      31013 Besche Ave, Georgetown, DE 19947
      View Details
    • $16 SF/Yr

      Georgetown Flex Space For Lease

      High-demand flex space in a prime Georgetown, Delaware location.
      Prettyman Rd, Georgetown, DE 19947
      View Details
    • $600 /Mo
      1,550 SF

      Office Warehouse with Food Truck

      1550 SF office warehouse with food truck spot.
      20303 Hardscrabble Rd, Georgetown, DE 19950
      View Details
    • $20 SF/Yr
      1,327 SF

      Georgetown Office Space for Lease

      1,327 SF Office, High Visibility
      21309 Berlin Rd, Georgetown, DE 19947
      View Details
    • $30 SF/Yr
      3,000 SF

      New Retail/Office Building on Route

      Two-story retail and office building along Route 113.
      155 Dupont Blvd, Georgetown, DE 19947
      View Details
    • $18 SF/Yr
      18,400 SF

      County Seat Hwy

      Restaurants • 18,400 SF
      0 County Seat Hwy, Georgetown, DE 19947
      View Details

    FAQs

    What type of property is this?
    Office space - First floor office space with shared amenities in Georgetown, DE.
    Where is this office space located?
    The property is located at 4 E Laurel St, Unit 103 Georgetown, DE.
    What is the lease rate?
    The lease rate is $1.54 SF/Yr.
    What are key features of this property?
    This property features: - First floor office space available.; - Access to shared first floor conference room.; - Access to shared kitchenette.
    (302) 645-2207
    Request Owner's contact information
    4 E Laurel St, Unit 103 Georgetown, DE 19947
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4 E Laurel St, Unit 103
    Georgetown, DE 19947
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4 E Laurel St, Unit 103 Georgetown, DE 19947
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Carrie Lingo
    Real Estate License ID: RS-0017885
    (302) 645-2207
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.