Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Site on High-Traffic Intersection Title is generated by Realmo AI

    10908 COUNTY SEAT, Laurel, DE 19956

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $6,500,000

    8-acre commercial site with existing building and gas station.

    Type:Commercial/Industrial
    Property size:
    69,000 SF
    Lot size:
    8.00 Acres
    Price / SF:
    $94/SF
    Added:
    Mar 12, 2026
    Days on Market:
    70
    Last Refresh:
    Apr 6 at 2:43 am

    Property Features for 10908 COUNTY SEAT

    General Information

    Standard status
    Active
    Size
    69,000 SF
    Lot size
    8.00 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1990

    We can help!

    Listing Contact
    Chris Davis
    Chris Davis

    Listing agent Chris Davis License #BK3256266

    Listing office NAI Coastal

    Listing date Mar 12, 2026

    Source Exitrealty

    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

    • Prime location at a highly trafficked, signaled intersection of Sussex Highway (RT 13) and County Seat Highway (RT 9).
    • 8‑acre site with a 69,000 SF multi‑unit commercial building.
    • Existing gas station with 6 years remaining on the lease, providing income with gallon‑based rebate.
    • Water and sewer are stubbed and available on site.
    • No restrictions on the property, allowing for a variety of possible uses.
    • Stormwater management in place with a prorated maintenance agreement.

    Overview

    This 8-acre commercial site presents an investment or redevelopment opportunity at the intersection of Sussex Highway (RT 13) and County Seat Highway (RT 9) in Laurel, Delaware. The property includes a 69,000 SF multi-unit commercial building and a gas station with 6 years remaining on its lease. The property owner receives a rebate based on gallons sold at the gas station. A permanent easement is in place with the adjacent Burger King and cell tower. Stormwater management is already in place, with a prorated maintenance agreement based on the amount of land owned; any upgrades to the stormwater management system will be billed to the party requiring them. Water and sewer are stubbed and available. There are no restrictions on the property. The site is located at a highly trafficked, signaled intersection and lends itself to a variety of possible uses.
    Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Sussex
    State
    Delaware
    Longitude
    -75.5615
    Latitude
    38.5697

    Nearby Similar for Sale

    • $1,499,500

      Laurel, DE Commercial Investment Opportunity

      7,006 SF building on 4.4 acres with development potential.
      1120 S CENTRAL Avenue, LAUREL, DE 19956
      View Details
    • $119,000

      Acre Ready to Build On

      Cleared acre ready for building a stick-built or modular dwelling.
      PEPPERBOX lot: #4, LAUREL, DE 19956
      View Details
    • $749,900

      Farmhouse with Income Potential

      Charming farmhouse on 5 acres with income-generating poultry house.
      8807 Woodland Ferry Rd, Laurel, DE 19956
      View Details
    • $780,000
      11,186 SF

      Established Entertainment Center on Seaford Road

      Operating skating rink with building, land, and physical assets.
      28393 Seaford Road, Laurel, DE 19956
      View Details
    • $389,000
      1,100 SF

      Poultry Farm with Development Potential

      10.12-acre farm with poultry houses and development opportunities.
      31568 Mt Pleasant Road, Laurel, DE 19956
      View Details
    • $700,000

      Prime Land on Sussex Highway

      24 acre commercial land on busy Sussex Highway (Route 13).
      SUSSEX HWY, LAUREL, DE 19956
      View Details
    • $825,000

      3.6 Acres Mixed-Use Opportunity

      Two parcels totaling 3.6 acres near Route 13/9.
      30330 SUSSEX HIGHWAY, LAUREL, DE 19956
      View Details
    • $1,300,000
      31,000 SF

      Operating Salvage Yard with Licenses

      34-acre salvage yard with licenses, shop, storage, and rental house.
      12441 Whitesville Road, Laurel, DE 19956
      View Details
    • $135,000

      Commercial Lot in Laurel, DE

      Cleared commercial lot with utilities ready for development.
      Lot 2 1118 S CENTRAL Ave, Laurel, DE 19956
      View Details
    • $8
      33,000 SF

      Stone Creek Business Park Opportunity

      Office, retail, and warehouse flex space for sale.
      10252 Stone Creek Drive, Laurel, DE 19956
      View Details
    • $229,000

      Versatile Land with Extensive Improvements

      0.82 acre property with new septic and well.
      28828 BOYCE Rd, Laurel, DE 19956
      View Details
    • $275,000

      Laurel, DE Land Opportunity

      14.78+/- acres with easy access to US RT 13.
      S LAUREL Road, LAUREL, DE 19956
      View Details

    FAQs

    What type of property is this?
    Gas station - 8-acre commercial site with existing building and gas station.
    Where is this gas station located?
    The property is located at 10908 COUNTY SEAT Laurel, DE.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: Prime location at a highly trafficked, signaled intersection of Sussex Highway (RT 13) and County Seat Highway (RT 9).; 8‑acre site with a 69,000 SF multi‑unit commercial building.; Existing gas station with 6 years remaining on the lease, providing income with gallon‑based rebate.
    (410) 543-5115
    We can help!
    Listing Contact
    Chris Davis
    Chris Davis
    Real Estate License ID: BK3256266
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    10908 COUNTY SEAT, LAUREL, DE 19956
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!