8991 REDDEN ROAD, Bridgeville, DE 19933
C-1 zoned commercial property on 2 acres for sale.
- Added:
- Oct 2, 2024
- Days on Market:
- 622
- Last Refresh:
- May 20 at 2:03 am
Property Features for 8991 REDDEN ROAD
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Lot size
- 2.00 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1999
Listing agent Thomas Lucks License #RA-0020851 (302) 632-7407
Listing office Keller Williams Realty (302) 632-7407
Listing date Oct 2, 2024
Source Exitrealty
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 Keller Williams Realty
HighLights
- Direct major highway frontage on a major N/S corridor with high traffic volume (AADT 23,500+).
- C‑1 zoned 4200 s/f commercial property on 2 acres suitable for multiple office businesses.
- Excellent visibility and easy access due to 4‑way signaled intersection.
- Not located in city limits, resulting in no municipal taxes.
- Dual entrances are ADA compliant, one with power assist.
- Oversized 2‑door block garage and fenced area for RV parking or future garage.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $107.9k | $25.68 |
| − Vacancy | −$20.0k | −$4.75 |
| EGI | $87.9k | $20.93 |
| − OpEx | −$22.0k | −$5.23 |
| NOI | $65.9k | $15.70 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Western Sussex Animal Hospital Inc — 16487 Sussex Hwy, Bridgeville, DE 19933
Location Insight
- Map
- Local Demand
- City
- Bridgeville
- County
- Sussex
- State
- Delaware
- Longitude
- -75.5943
- Latitude
- 38.7496