Property profile

38552 Sussex Hwy Delmar, DE 19940

OFF-MARKET
Commercial real estate
Property ID
US17-0385463
3 ac lot
Entity Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 38552 Sussex Highway in Delmar, Delaware, presents a unique opportunity for businesses seeking high visibility and convenient access. Situated on the Route 13 retail corridor, alongside established regional healthcare providers TidalHealth and NovaCare, this location boasts excellent visibility and direct highway access. The property offers flexible leasing and build-out options, catering to a diverse range of tenants. Currently, approximately 2,000 square feet of unfinished shell space is available within the existing building, allowing for complete customization of the floor plan and finishes to perfectly suit a tenant's specific needs. Furthermore, a fully approved and permitted 10,000 square foot pad site with a pre-existing foundation is ready for immediate development, presenting a prime build-to-suit opportunity. This location is ideal for retail, office, or flex users. Lease rates for the vanilla shell space begin at $16 per square foot, triple net (NNN). The property is located in the sales tax-free state of Delaware, offering significant financial advantages. The landlord is highly motivated to lease the space and welcomes offers. This is a rare opportunity to secure a prime commercial location with exceptional flexibility and visibility.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 3 ac (130,680 SF)
Zoning code C-1
APN 532-20.00-87.00
UPID US17-0385463

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Physician
  • Medical Clinic
  • Physician
  • Physician

Location

38552 Sussex Hwy Delmar, DE 19940-3596
Delmar metro Census 51900 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2017
3 recorded transactions
2025
Price N/A
2020
Price N/A
2017
$327,000

Zoning & alternative use

C-1 · Delmar, DE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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