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
    The Largest CRE Database in the US with Over 1 Million Listings

    360-412 Rickey Blvd Bear, DE 19701

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Community shopping center anchored by Acme with national tenants.

    Property size:
    3,384 SF
    Lot size:
    33.59 Acres

    Property Features for 360-412 Rickey Blvd

    General Information

    Size
    3,384 SF
    Lot size
    33.59 Acres

    We can help!

    Listing Contact
    Timothy Spencer
    Timothy Spencer
    Source: Moodyscre

    Listing Agent: Timothy Spencer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Community Shopping Center For Rent

    This community shopping center spans 245,323 square feet and is anchored by Acme. The tenant mix includes national and local businesses such as Walgreens, Saladworks, IHOP, PNC Bank, and Orange Theory Fitness. An active Merchant’s Association provides additional marketing efforts for its members. An approved addition of 79,000 square feet is planned.
    Location Intelligence

    Current Use by Public Records

    Shopping malls

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bear
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7081994
    Latitude
    39.6065396

    Nearby Similar for Lease

    • $2,500 /Mo
      2,240 SF

      Brick-Front Townhome in Brennan Estates

      Modern 2-bedroom townhome with community amenities in a sought-after neighborhood.
      41 Wicklow Rd, Bear, DE 19701
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Governors Square

      Retail space available in a busy shopping center.
      901-1101 Governors Pl, Bear, DE 19701
      View Details
    • Contact for pricing
      180,696 SF

      Available Warehouse Space in Bear

      180,696 SF warehouse space available for lease.
      710 American Blvd, Bear, DE 19701
      View Details
    • Contact for pricing
      235,508 SF

      Eden Square Retail Center Space

      High-traffic Bear, DE retail space available.
      100 Eden Cir, Bear, DE 19701
      View Details
    • Contact for pricing
      1,875 SF

      Flex/Warehouse Units for Lease

      Flex/warehouse units with drive-in access in a convenient location.
      135-189 Rickey Blvd, Bear, DE 19701
      View Details
    • Contact for pricing
      3,007 SF

      First Floor Office Space Available

      Shell condition office space with natural light in Bear, DE.
      2500 Wrangle Hill Rd, Bear, DE 19701
      View Details
    • Contact for pricing
      361,770 SF

      710 American Boulevard Warehouse

      Delaware Industrial Space - Q3 2025 Delivery
      710 American Blvd, Bear, DE 19701
      View Details
    • Contact for pricing
      246,110 SF

      Fox Run Shopping Center: Retail Space

      High-traffic retail center; multiple spaces available.
      146 Fox Hunt Dr, Bear, DE 19701
      View Details
    • $28 SF/Yr
      1,747 SF

      Medical Office Space Available

      20,000 SF medical office building with convenient parking.
      121 Becks Woods Dr, Bear, DE 19701
      View Details
    • Contact for pricing
      24,300 SF

      Lions Run Commerce Center: Brand New Flex Space

      Prime Bear, DE industrial flex space for lease
      1680 Porter Rd, Bear, DE 19701
      View Details
    • Contact for pricing
      6,000 SF

      Community Shopping Center Retail Space

      Retail space available in community shopping center anchored by Acme.
      10-60 Fox Hunt Dr, Bear, DE 19701
      View Details
    • Contact for pricing
      1,500 SF

      Community Shopping Center Space Available

      Retail space available within a community shopping center.
      100-336 Fox Hunt Dr, Bear, DE 19701
      View Details

    FAQs

    What type of property is this?
    Shopping mall - Community shopping center anchored by Acme with national tenants.
    Where is this shopping mall located?
    The property is located at 360-412 Rickey Blvd Bear, DE.
    What are key features of this property?
    This property features: - Anchored by Acme, providing strong customer traffic.; - Diverse tenant mix of national and local brands including Walgreens, Saladworks, IHOP, PNC Bank and Orange Theory Fitness.; - Approved 79,000 SF addition, offering expansion potential.
    (484) 888-3251
    Request Owner's contact information
    360-412 Rickey Blvd Bear, DE 19701
    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.
    360-412 Rickey Blvd
    Bear, DE 19701
    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
    360-412 Rickey Blvd Bear, DE 19701
    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
    Timothy Spencer
    Timothy Spencer
    (484) 888-3251
    Learn more
    Google sign-in failed. Please try again or use another login method.