Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    459 Kings Hwy Milford, DE 19963

    Sponsored
    For Sale
    $59,900

    LAND - MILFORD, DE

    Lot size:
    1.38 Acres
    Days on Market:
    24
    Last Refresh:
    Jan 30 at 2:06 pm

    Property Features for 459 Kings Hwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.38 Acres

    Utilities

    Water front features
    Navigable Water, Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Derek Eisenberg

    Continental Real Estate Group, Inc. (877) 996-5728

    Listing agent Derek Eisenberg (877) 996-5728 License #RB-0003013

    Listing date Jan 7, 2026

    MLS# DESU2098396 Listing URL

    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

    Rare Milford Land Near Silver Lake

    This is a rare 1.38-acre vacant lot located in Milford, Delaware, on Kings Hwy. Public water and sewer are available at the road and require connection to the property. It is the only vacant lot connected to Silver Lake and directly connected to state-owned land. Surveying and flagging have been completed. Zoned as R1, the property is suitable for single-family homes, including modular homes on permanent foundations. The location is approximately 30 minutes from Dover and Lewes, 15 minutes from Slaughter Beach, and 45 minutes from Lewes. The property offers the potential to build a lakefront home and enjoy recreational opportunities. The street number is approximate for mapping purposes and not yet USPS issued.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Sussex
    State
    Delaware
    Longitude
    -75.44221732
    Latitude
    38.91178323

    Nearby Similar for Sale

    • $350,000
      0.03 Acres

      Downtown Milford Retail Space Available

      Prime retail space in vibrant downtown Milford with high visibility.
      22 S Walnut St, Milford, DE 19963
      View Details
    • Contact for pricing
      68,000 SF

      Milford Flex Space Opportunity

      34,000 SF flex space available in Milford, Delaware.
      301 SE 4Th St, Milford, DE 19963
      View Details
    • $249,900

      Charming Condo in Hearthstone Manor

      Two-bedroom, two-bathroom condo with attached garage in Milford, Delaware.
      3901D N Sagamore Dr, Milford, DE 19963
      View Details
    • $350,000

      Downtown Milford Retail Space Available

      Prime retail space in vibrant downtown Milford with high visibility.
      22 S Walnut St, Milford, DE 19963
      View Details
    • $2,100,000
      13,224 SF

      Milford Office Investment Opportunity

      Fully tenanted professional office space in Milford's Central Business District.
      107 NE Front St, Milford, DE
      View Details
    • $625,000

      Versatile Commercial Property on US-113

      Two buildings totaling 4,408 SF on heavily trafficked S Dupont Blvd.
      719 S Dupont Blvd, Milford, DE 19963
      View Details
    • $269,000

      Updated Two-Bedroom Milford Condo

      Move-in ready, updated two-bedroom condo with garage in Milford.
      5101 B Stone Chase Way, Milford, DE 19963
      View Details
    • $350,000

      Commercial Property Investment Opportunity

      Well-located, fully occupied commercial property with expansion potential.
      280 N Rehoboth Blvd, Milford, DE 19963
      View Details
    • $949,000

      Freestanding Commercial Building on Bay

      4,400 SF commercial building on high-visibility Bay Rd.
      1973 Bay Rd, Milford, DE 19963
      View Details
    • $2,445,000

      Net Leased Investment Opportunity

      Net leased Wal-Mart pad site with attractive annual increases.
      945 N Dupont Hwy, Milford, DE 19963
      View Details
    • Contact for pricing
      9,439,888 SF

      Office Space in Milford Innovation

      Office space available for sale or lease in Milford, Delaware.
      Bucks Rd, Milford, DE 19963
      View Details
    • $234,567

      Milford Specialty Property For Sale

      Specialty property available for purchase in Milford, Delaware.
      803 N Washington St, Milford, DE 19963
      View Details

    FAQs

    What type of property is this?
    Land - 1.38 acre vacant lot connected to Silver Lake.
    Where is this land located?
    The property is located at 459 Kings Hwy Milford, DE.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: - 1.38 acre vacant lot on Kings Hwy in Milford, DE; - Only vacant lot connected to Silver Lake; - Directly connected to state-owned land
    (877) 996-5728
    Request Owner's contact information
    459 Kings Hwy Milford, DE 19963
    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.
    459 Kings Hwy
    Milford, DE 19963
    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
    459 Kings Hwy Milford, DE 19963
    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
    Derek Eisenberg
    Real Estate License ID: 611425
    (877) 996-5728
    Learn more
    Google sign-in failed. Please try again or use another login method.