Office-Retail Building with
155 S East St. Smyrna, DE 19977
155 S East St., Smyrna, DE, 19977
Contact for pricing
For Sale
Contact for pricing
Small office/retail layout with recent renovations and on-site parking near RT13 access.
Property Size1,056 SF
Lot Size0.25 Acres
Price / SF$217.80
Days on Market51
Property Features for 155 S East St.
General Information
- Standard status
- Active
- Size
- 1,056 SF
- Lot size
- 0.25 Acres
- Property subtype
- Multifamily, Mixed Use, Land
Listing agency
The Commercial Moving Experience Real Estate
Listed by
Jeff Spiegelman · License #DE RS-0025326
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 5:03AM
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 The Commercial Moving Experience Real Estate
Investment Insights
Based on property information with market context.
This property offers approximately 1,056 +/- square feet of combined office and retail space on a .25-acre site. The interior features an open layout designed for flexible tenant use, and the building has undergone recent renovations.
The property is located in downtown Smyrna under Downtown Residential zoning (Town of Smyrna). It provides immediate access to RT13 and is about 1.5 miles to the RT1 interchange, supporting convenient regional connectivity.
For buyers or operators seeking a small, adaptable space, the open-plan configuration can work for a range of office or retail setups. On-site parking is available, and the property also notes Downtown Development Grants as being available for qualifying projects. Prospective tenants and buyers should confirm specific use requirements and any eligibility details with the Town of Smyrna and applicable programs.
The property is located in downtown Smyrna under Downtown Residential zoning (Town of Smyrna). It provides immediate access to RT13 and is about 1.5 miles to the RT1 interchange, supporting convenient regional connectivity.
For buyers or operators seeking a small, adaptable space, the open-plan configuration can work for a range of office or retail setups. On-site parking is available, and the property also notes Downtown Development Grants as being available for qualifying projects. Prospective tenants and buyers should confirm specific use requirements and any eligibility details with the Town of Smyrna and applicable programs.
Key Highlights
- .25‑acre property with 1,056 +/- SF office/retail space
- Open layout office/retail design
- Recent renovations
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 | $24.6k | $23.28 |
| − Vacancy | −$5.5k | −$5.17 |
| EGI | $19.1k | $18.11 |
| − OpEx | −$4.8k | −$4.53 |
| NOI | $14.3k | $13.58 |
1,056 SF · lease $23.28/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$204.9K
$179.3K – $239.1K
NOI $14,345 @ 7.0% cap · market cap 6.24%
Second Best
Retail
$137.1K
$120.0K – $160.0K
NOI $9,600 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$265.9K
$232.7K – $310.2K
NOI $18,613 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Christian Mart
(Bike/Boat/Book/etc) Store
Christian Mart Floral ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Small office/retail layout with recent renovations and on-site parking near RT13 access.
Where is this office units located?
The property is located at 155 S East St. Smyrna, DE.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: .25‑acre property with 1,056 +/- SF office/retail space; Open layout office/retail design; Recent renovations
