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

    301 Se 4Th St Milford, DE 19963

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $6 SF/Yr

    34,000 SF flex space ideal for manufacturing, distribution, or storage.

    Lot size:
    4.85 Acres

    Property Features for 301 Se 4Th St

    General Information

    Standard status
    Active
    Lot size
    4.85 Acres

    We can help!

    Listing Contact
    George Timothy Merritt
    Source: Exprealty

    Listing Agency: NAI Coastal Listing Agent: George Timothy Merritt

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

    Learn more

    Property Insight Report

    Overview

    Milford Flex Space For Lease

    Approximately 34,000 square feet of flex space is available for lease at 301 SE 4th Street in Milford, Delaware. The property is centrally located on the Eastern Shore, in Kent County, making it suitable for manufacturing, distribution, and storage purposes. The building features both dock-high and drive-in doors at the rear, complemented by an apron in the front. The 12-foot ceilings facilitate forklift access and stackable storage. The landlord is open to property improvements and modifications based on lease negotiations, including enhancing the apron, adding dock-high or drive-in doors, and increasing rear parking to accommodate additional tractor-trailer delivery zones. Office space can be added if required. The full building totals over 68,000 square feet. The other tenant is First State Manufacturing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Etta´s Catering

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Sussex
    State
    Delaware
    Longitude
    -75.4250811
    Latitude
    38.9083538

    Nearby Similar for Lease

    • $1,110 /Mo

      Prime Milford Office Space Available

      Highly visible office space in the heart of Milford.
      23 NW Front St, Milford, DE 19963
      View Details
    • $650 /Mo
      37,462 SF

      Commercial Space in Milford, DE

      Commercial space available for lease in Milford, Delaware.
      908 N Church Ave, Milford, DE 19963
      View Details
    • $18 SF/Yr

      Milford Flex Space For Lease

      5,000 sq ft flex space in Milford Business Park.
      1008 Mattlind Way, Milford, DE 19963
      View Details
    • $1,200 /Mo

      Renovated Apartment in Downtown Milford

      Recently renovated apartment in downtown Milford, walking distance to amenities.
      13 SE 2Nd St, Milford, DE 19963
      View Details
    • $2,200 /Mo

      Versatile Office Suite For Rent

      Office suite suitable for medical or professional healthcare services.
      800 Airport Rd, Milford, DE 19963
      View Details
    • $20 SF/Yr

      Milford Office Space For Lease

      Office space for lease in Milford, Delaware business park.
      207 W Liberty Way, Milford, DE 19963
      View Details
    • Contact for pricing
      8,400 SF

      Prime Milford Retail Space

      8,400 SF Available, High Visibility
      949 Dupont Blvd, Milford, DE 19963
      View Details
    • $1,700 /Mo

      Milford Retail Spaces For Lease

      Three retail spaces available for lease in Milford, Delaware.
      2306 E Bay Rd, Milford, DE 19963
      View Details
    • $8 SF/Yr

      Milford Warehouse with Loading Ramp

      Commercial warehouse in Milford featuring a loading ramp and roll-up door.
      8 NE Salevan Pl, Milford, DE 19963
      View Details
    • $8 SF/Yr

      Milford Warehouse with Roll-Up Door

      Commercial warehouse in Milford featuring open space and loading ramp.
      8 Ne Salevan Pl, Milford, DE 19963
      View Details
    • $24 SF/Yr
      1,350 SF

      Medical/Office Space Available for Rent

      1350 SF medical/office space available for rent.
      100 Silicato Pkwy, Milford, DE 19963
      View Details
    • $8 SF/Yr

      Flex Space with Warehouse

      Flex space featuring office and warehouse components for lease.
      717 S Washington St, Milford, DE 19963
      View Details

    FAQs

    What type of property is this?
    Flex space - 34,000 SF flex space ideal for manufacturing, distribution, or storage.
    Where is this flex space located?
    The property is located at 301 Se 4Th St Milford, DE.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: - Large +/- 34,000 SF of flexible space ideal for manufacturing, distribution, and/or storage.; - Centrally located on the Eastern Shore in Milford, DE.; - Features both dock high and drive-in doors with an apron.
    (443) 935-2277
    Request Owner's contact information
    301 Se 4Th St Milford, DE 19963
    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.
    301 Se 4Th St
    Milford, DE 19963
    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
    301 Se 4Th St Milford, DE 19963
    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
    George Timothy Merritt
    (443) 935-2277
    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.