30387 CEDAR NECK Rd, Ocean View, DE 19970
Fully developed commercial site with 11,500 SF usable space.
- Added:
- Apr 21, 2026
- Days on Market:
- 56
- Last Refresh:
- Apr 21 at 12:44 am
Property Features for 30387 CEDAR NECK Rd
General Information
- Standard status
- Active
- Size
- 11,500 SF
- Lot size
- 2.00 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1992
Listing agent Grant K Fritschle License #016232 (410) 430-5880
Listing office Ocean City (410) 430-5880
Listing date Apr 21, 2026
Source Elliman
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 Ocean City
HighLights
- Prime location in Ocean View, Delaware, minutes from Route 26 and Delaware beaches.
- Fully developed 2‑acre C‑1 zoned commercial site, ready to operate.
- Approximately 11,500 sq ft of usable space across two buildings.
- Primary building features showroom, office space, lounge, ADA‑compliant bathrooms, loft, loading dock, and energy‑efficient insulation\/HVAC.
- Secondary building configured as a four‑bay shop with 12x14 electric garage doors, 16‑foot ceilings, and upper‑level loft.
- Site improvements include paved lot, ample truck\/trailer space, full fencing with sliding gate, underground stormwater management, public sewer, and 200‑amp electric service.
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 | $295.3k | $25.68 |
| − Vacancy | −$54.6k | −$4.75 |
| EGI | $240.7k | $20.93 |
| − OpEx | −$60.2k | −$5.23 |
| NOI | $180.5k | $15.70 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ocean View
- County
- Sussex
- State
- Delaware
- Longitude
- -75.0805949
- Latitude
- 38.5661242