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Downtown Milford Investment Property

105-111 NE Front Street, Milford, DE 19963

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For Sale

$1,990,000

Fully-tenanted professional office space in Milford, Delaware.

Type:Office

Property size:

10,712 SF

Price / SF:

$185/SF

HighLights

Annual lease income of +\/- $180,000 at NNN terms
10,712 SF of fully‑tenanted professional office space
Additional +\/- 2512 SF of allocated expansion space (all NNN paid)
Located in the heart of downtown Milford, DE
Recently renovated investment property
Financing Assistance Available for Qualified Buyer

We can help!

Listing Contact

Chris Davis

Learn more

For Sale

$1,990,000

Fully-tenanted professional office space in Milford, Delaware.

Type:Office

Property size:

10,712 SF

Price / SF:

$185/SF

Added:: Feb 26, 2026
Days on Market:: 102
Last Refresh:: Feb 26 at 11:15 pm

Property Features for 105-111 NE Front Street

General Information

Standard status: Active
Size: 10,712 SF
Property subtype: Office

We can help!

Listing Contact

Chris Davis

Listing agent Chris Davis License #5007104

Listing office NAI Coastal

Listing date Feb 26, 2026

Source Naiglobal

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 NAI Coastal

HighLights

Annual lease income of +\/- $180,000 at NNN terms
10,712 SF of fully‑tenanted professional office space
Additional +\/- 2512 SF of allocated expansion space (all NNN paid)
Located in the heart of downtown Milford, DE
Recently renovated investment property
Financing Assistance Available for Qualified Buyer

Overview

This well-maintained and recently renovated investment property is located in downtown Milford, Delaware. The property features 10,712 square feet of fully-tenanted professional office space. An additional 2,512 square feet of allocated expansion space is available. The property is within the Central Business District and in close proximity to Route 13. The property generates an annual income of approximately $180,000 at NNN terms, offering investment and income potential.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$275.1k	$25.68
− Vacancy	−$50.9k	−$4.75
EGI	$224.2k	$20.93
− OpEx	−$56.0k	−$5.23
NOI	$168.1k	$15.70

10,712 SF · lease $25.68/SF/yr · vacancy 18.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.40M

$2.10M – $2.80M (±1% cap)

NOI $168,145 @ 7.0% cap · market cap 8.45%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.94M

$2.58M – $3.43M (±1% cap)

NOI $206,056 @ 7.0% cap · market cap 10.35%

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

Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Milford
County: Sussex
State: Delaware
Longitude: -75.405
Latitude: 38.9593

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For sale
Office buildings
DE
Milford
19963
105-111 NE Front Street

What type of property is this?

Office building - Fully-tenanted professional office space in Milford, Delaware.

Where is this office building located?

The property is located at 105-111 NE Front Street Milford, DE.

What is the asking price?

The asking price for this property is $1,990,000.

What are key features of this property?

This property features: Annual lease income of +\/- $180,000 at NNN terms; **10,712 SF of fully‑tenanted professional office space**; Additional +\/- 2512 SF of allocated expansion space (all NNN paid)