Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10599 Concord Rd Seaford, DE 19973

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flexible commercial space with build-to-suit options near major routes.

    Property Features for 10599 Concord Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Bret Davis
    Bret Davis
    Source: Crexi

    Listing Agency: KW Commercial Ocean City Listing Agent: Bret Davis

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

    Learn more

    Overview

    Commercial Space Near Route 13

    This new commercial building, with an estimated completion date in fall 2025, offers up to 5,000 square feet of flexible space suitable for various businesses. The property is located in a moderate-traffic area adjacent to a gas station, providing visibility and convenience. The layout allows for the potential creation of four separately metered 1,250-square-foot units. Onsite dedicated parking ensures accessibility for customers and employees. Build-to-suit options are available to accommodate specific needs. The owner offers the flexibility of a land lease or the option to purchase a minimum of three-quarters of an acre. A lease-to-own arrangement is also possible. Situated on Concord Road, just 5 minutes from Route 13, the property connects Routes 13 and 9 in Delaware, providing easy access to major thoroughfares and positioning it for both local and regional traffic. This versatile commercial space is available for lease or purchase.
    Location Intelligence

    Current Use by Public Records

    Delux Dairy Market Grocery & Convenience Store VALERO Gas Station ATM Atm

    Suggested Use

    Restaurant Hair Salon Nail Salon Auto Repair Shop Auto Parts Store Kitchen & Bath Showroom Daycare Center Grocery & Convenience Store Clothing & Fashion Store Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Seaford
    County
    Sussex
    State
    Delaware
    Longitude
    -75.5582789
    Latitude
    38.6404713

    Nearby Similar for Lease

    • $595 /Mo

      Downtown Seaford Commercial Units Available

      Newly renovated commercial units in downtown Seaford, Delaware.
      221 High St, Seaford, DE 19973
      View Details
    • $18 SF/Yr

      Prime Retail/Medical Space Available

      Freestanding building in Seaford's transformative mixed-use redevelopment.
      900 W Stein Hwy, Seaford, DE 19973
      View Details
    • $13 SF/Yr

      Redeveloped Retail Space in Seaford

      Premier co-anchor space in a Class A mixed-use redevelopment.
      1000 W Stein Hwy, Seaford, DE 19973
      View Details
    • $16 SF/Yr

      Retail Space in Seaford Redevelopment

      Front-facing suite in mixed-use redevelopment with high visibility.
      1000 W Stein Hwy, Seaford, DE 19973
      View Details
    • $18 SF/Yr

      Retail Space in Seaford Redevelopment

      915 SF suite in a Class A mixed-use redevelopment.
      1000 W Stein Hwy, Seaford, DE 19973
      View Details
    • $17 SF/Yr

      Retail Space in Seaford Redevelopment

      Retail space available in a Class A mixed-use redevelopment.
      1000 W Stein Hwy, Seaford, DE 19973
      View Details
    • $1,500 /Mo
      24,829 SF

      Seaford, DE Commercial Space For Lease

      Move-in ready commercial space ideal for medical or healthcare businesses.
      808 Middleford Rd, Seaford, DE 19973
      View Details
    • $1,000 /Mo
      43,560 SF

      Seaford Office Suites For Rent

      Office suites with shared amenities, utilities, and internet included.
      957 Norman Eskridge Hwy, Seaford, DE 19973
      View Details
    • $1,500 /Mo
      24,829 SF

      Seaford, DE Medical Office Space

      Move-in ready office space near Tidal Health Nanticoke hospital.
      808 Middleford Rd, Seaford, DE 19973
      View Details
    • $12 SF/Yr

      Seaford, DE Commercial Condo Suite

      Commercial condo suite in Seaford with multiple exam and private offices.
      543 N Shipley St, Seaford, DE 19973
      View Details
    • $2,550 /Mo

      Warehouse Distribution Opportunity Near Route 13

      4300 SF warehouse with office space near Route 13.
      9654 Brickyard Rd, Seaford, DE 19973
      View Details
    • $6 SF/Yr

      Premium Warehouse Space For Lease

      Clean, well-maintained industrial facility in tax-friendly Sussex County, DE.
      6063 Whitehurst Dr, Seaford, DE 19973
      View Details

    FAQs

    What type of property is this?
    Retail space - Flexible commercial space with build-to-suit options near major routes.
    Where is this retail space located?
    The property is located at 10599 Concord Rd Seaford, DE.
    What are key features of this property?
    This property features: - Up to 5,000 SF of flexible space with build-to-suit options.; - Potential to create four separately metered 1,250 SF units.; - Onsite dedicated parking.
    Request Owner's contact information
    10599 Concord Rd Seaford, DE 19973
    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.
    10599 Concord Rd
    Seaford, DE 19973
    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
    10599 Concord Rd Seaford, DE 19973
    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
    Bret Davis
    Bret Davis
    Real Estate License ID: 645420
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!