Flex Warehouse
102 RYE OAK COURT, Dover, DE 19904
For Sale
New
Contact for pricing
Several unit layouts are offered with or without office space.
Property Size1,500 SF
Price / SF$1.08
Days on Market5
Property Features for 102 RYE OAK COURT
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Property Use
Building Details
Year Built
Listing Agency:
R&R Commercial Realty
(302) 674-3400
Listed By:
Dakota Lee Gilpin · License DE #0039248
(302) 670-6462
Source:
Cummingsrealtors
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of R&R Commercial Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2026, this flex property offers warehouse units in multiple configurations. Available layouts include 1,500+/- sqft and 2,000+/- sq ft units, each offered with or without office space, along with 1,200 +/− sqft units.
The property is located just off Rt 13.
The property is located just off Rt 13.
Key Highlights
- 1,500+/- sqft units available with or without offices
- 2,000+/- sq ft units available with or without office
- Additional 1,200 +/− sqft units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,939
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,780
$298.8K
Cap Rate 7%
$213,414
$213.4K
Cap Rate 9%
$165,989
$166.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$23.9K $15.96/SF
− Vacancy
−$958 −$0.64/SF
EGI
$23.0K $15.32/SF
− OpEx
−$8.0K −$5.36/SF
NOI
$14.9K $9.96/SF
Area
Kent County, DE
Vacancy
4.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,780
Cap Rate 7%
$213,414
Cap Rate 9%
$165,989
Alternative Uses
Best Use
Warehouse
$295.6K
$258.7K – $344.9K
NOI $20,692 @ 7.0% cap
Second Best
Industrial
$240.1K
$210.1K – $280.2K
NOI $16,810 @ 7.0% cap
Theoretical Best
Office A
$377.7K
$330.5K – $440.7K
NOI $26,440 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19904, DE
36,880
Population
16,047
Households
2.3
Avg Household Size
38
Median Age
27%
College-Educated
91%
High-School Grad
43.2 sq mi
ZIP Area
854
Density / Sq Mi
$66,885
Median Household Income
$39,459
Median Earnings
$1,240
Median Rent
$281,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- BLACK ESSENCE CAFE & CATERING — Dover, DE 19904
Frequently Asked Questions
What type of property is this?
Flex space - Several unit layouts are offered with or without office space.
Where is this flex space located?
The property is located at 102 RYE OAK COURT Dover, DE.
What are key features of this property?
This property features: 1,500+/- sqft units available with or without offices; 2,000+/- sq ft units available with or without office; Additional 1,200 +/− sqft units
