Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    Bear, DE 19701

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,200,000

    Two buildings totaling 6,799 SF on 1.86 acres.

    Property size:
    6,799 SF

    Property Features for

    General Information

    Size
    6,799 SF

    Building Details

    Year built
    1940

    We can help!

    Listing Contact
    Joseph Latina, SIOR
    Source: Corfac

    Listing Agent: Joseph Latina, SIOR

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

    Learn more

    Overview

    Commercial Property on Route 40

    This commercial property is located along Route 40 in Bear, Delaware. The site encompasses 1.86 acres and includes two buildings with a combined area of 6,799 square feet. One building is a 4,639-square-foot freestanding structure featuring an open showroom layout. The second building, comprising 2,160 square feet, is currently used as a car dealership. The property offers visibility and signage opportunities along Route 40, with accessibility to Route 1, I-95, and surrounding communities. The property's layout, showroom, and outdoor space are suited for businesses requiring indoor and outdoor display areas, sales floors, or customer-facing operations. It is suitable for a range of retail, service, or automotive-related uses.
    Location Intelligence

    Current Use by Public Records

    Showrooms

    Map

    City
    Bear
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7006
    Latitude
    39.5786

    Nearby Similar for Sale

    • $539,900
      3,625 SF

      Premier Over-55 Community Home

      Comfortable 3-bedroom home in a sought-after active adult community.
      354 Sun Blvd, Bear, DE 19701
      View Details
    • $345,000
      1,900 SF

      Spacious Home with Finished Basement

      Well-maintained four-bedroom home with converted garage and finished basement.
      28 Paxton Ln, Bear, DE 19701
      View Details
    • $479,900
      2,075 SF

      Spacious Brick Townhouse with Garage

      Spacious townhouse with modern upgrades and convenient location.
      107 Persimmon Pl, Bear, DE 19701
      View Details
    • Contact for pricing
      78,804 SF

      Industrial/Flex Space on Route 40

      21,300 +/- SF industrial/flex space with expansion potential.
      2020 Firedancer Ln, Bear, DE 19701
      View Details
    • Contact for pricing

      Flex/Retail Building on Route 40

      Freestanding flex/retail building on Route 40 available for sale.
      1890 Pulaski Hwy, Bear, DE 19701
      View Details
    • $219,999

      CHANNING Dr, Bear, DE Property

      Specialty property for sale in Bear, Delaware.
      104 Channing Dr, Bear, DE 19701
      View Details
    • $369,900

      Bear, DE Specialty Property

      Specialty property available for sale in Bear, Delaware.
      15 Wicklow Rd, Bear, DE 19701
      View Details
    • $539,900

      Bear, DE Specialty Property

      Specialty property available for sale in Bear, Delaware.
      146 Grissom Dr, Bear, DE 19701
      View Details
    • $409,900

      Specialty Property in Bear, Delaware

      Specialty property available for sale in Bear, Delaware.
      247 W Bynum Ct, Bear, DE 19701
      View Details
    • $549,900

      Red Lion Road Specialty Property

      Specialty property available for sale on Red Lion Road.
      1239 Red Lion Rd, Bear, DE 19701
      View Details
    • $525,000

      Bear, DE Specialty Property

      Specialty property available for sale in Bear, Delaware.
      16 Lochview Dr, Bear, DE 19701
      View Details
    • $524,900

      Bear, DE Specialty Property

      Specialty property available for sale in Bear, Delaware.
      11 Primrose Dr, Bear, DE 19701
      View Details

    FAQs

    What type of property is this?
    Retail property - Two buildings totaling 6,799 SF on 1.86 acres.
    Where is this retail property located?
    The property is located at Bear, DE.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - High visibility and signage opportunities along busy Route 40.; - Two buildings totaling 6,799 +/- SF, including a 4,639 +/- SF building with an open showroom.; - 1.86 +/- combined acres with ample parking.
    (302) 530-1233
    Request Owner's contact information
    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.
    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
    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
    Joseph Latina, SIOR
    (302) 530-1233
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.