Restaurant Opportunity in Growth
481 Stanton Christiana Rd Newark, DE 19713
481 Stanton Christiana Rd, Newark, DE, 19713
$2,011,765
For Sale
$2,011,765
Restaurant space for sale in a high-income, growing area.
Property Size4,600 SF
Price / SF$437.34
Days on Market111
Property Features for 481 Stanton Christiana Rd
General Information
- Standard status
- Active
- Size
- 4,600 SF
- Property subtype
- Restaurant
Listing agency
Marcus & Millichap - Philadelphia
(215) 531-7026
Listed by
Derrick Dougherty · License #License(s): PA: RS305854
(215) 531-7026
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 1:16PM Checked: Jul 21 at 3:02AM
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 Marcus & Millichap - Philadelphia
Investment Insights
Based on property information with market context.
This 4,600-square-foot commercial real estate property is suitable for restaurant use. The surrounding area features favorable demographics for restaurants, with an average household income of $108,000 in the immediate submarket. The population within a 3 to 5-mile radius ranges from 66,000 to 209,000 people. The market is experiencing growth at a rate of 1.5% to 2%.
Key Highlights
- Ideal restaurant demographics.
- Growth market (1.5‑2%).
- Average household income of $108K in the immediate submarket.
Local Financial Insights For Specialty Retail
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 | $82.8k | $18.00 |
| − Vacancy | −$4.1k | −$0.88 |
| EGI | $78.7k | $17.12 |
| − OpEx | −$19.7k | −$4.28 |
| NOI | $59.1k | $12.84 |
4,600 SF · lease $18.00/SF/yr · vacancy 4.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$843.7K
$738.2K – $984.3K
NOI $59,057 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$962.7K – $1.28M
NOI $77,019 @ 7.0% cap · market cap 3.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Colbie's Southern Kissed ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Restaurant - Restaurant space for sale in a high-income, growing area.
Where is this restaurant located?
The property is located at 481 Stanton Christiana Rd Newark, DE.
What is the asking price?
The asking price for this property is $2,011,765.
What are key features of this property?
This property features: Ideal restaurant demographics.; Growth market (1.5‑2%).; Average household income of $108K in the immediate submarket.
