Building Details

Year Built 1941

Buildings 2

Listed By: Jeffrey Fowler Group Show Phone

Source: Jeffreyfowler

Added: Nov 4 Last Checked: Nov 4 at 3:06PM

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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 Jeffrey Fowler Group

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Investment Insights

Based on property information with market context.

Two buildings occupy one parcel, offering distinct configurations. The front structure is suited to office space, while the rear building has a history of daycare use and includes an attached playground. The property contains 6,194 square feet and dates to 1941. Recent work includes waterproofing and other updates.

Key Highlights

• Two buildings on one parcel
• 6,194 square feet
• Rear building includes an attached playground

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$84,366

Cap Rate

8.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,687,320 $1.7M

Cap Rate 7%

$1,205,229 $1.2M

Cap Rate 9%

$937,400 $937.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,194 SF

Gross rent

$139.7K $22.56/SF

− Vacancy

−$27.2K −$4.40/SF

EGI

$112.5K $18.16/SF

− OpEx

−$28.1K −$4.54/SF

NOI

$84.4K $13.62/SF

Area

New Castle County, DE

Vacancy

19.50%

Lease Rate

$22.56 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,687,320

Cap Rate 7%

$1,205,229

Cap Rate 9%

$937,400

Alternative Uses

Best Use

Office B

$1.21M

$1.05M – $1.41M (±1% cap)

NOI $84,366 @ 7.0% cap · market cap 8.45%

Second Best

Mixed Use

$901.8K

$789.0K – $1.05M (±1% cap)

NOI $63,123 @ 7.0% cap · market cap 6.32%

Theoretical Best

Office A

$1.48M

$1.30M – $1.73M (±1% cap)

NOI $103,708 @ 7.0% cap · market cap 10.38%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Building Supply Dental Office Big Box & Wholesale Store Law Firm Auto Repair Shop Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,468

Businesses Nearby

Explore this area Business Placement

Demographics for 19702, DE

55,653

Population

22,149

Households

2.5

Avg Household Size

36

Median Age

40%

College-Educated

93%

High-School Grad

28.1 sq mi

ZIP Area

1,981

Density / Sq Mi

$92,304

Median Household Income

$48,253

Median Earnings

$1,549

Median Rent

$331,200

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - The parcel combines a front building suited to office use with a rear building featuring an attached playground.

Where is this mixed-use property located?

The property is located at 122 E Main St Christiana, DE.

What is the asking price?

The asking price for this property is $999,000.

What are key features of this property?

This property features: Two buildings on one parcel; 6,194 square feet; Rear building includes an attached playground