Commercial Property on DuPont
For Sale
$2,850,000
1580 S DUPONT HIGHWAY, Dover, DE 19901
Commercial property with redevelopment potential on a high-traffic corridor.
Property Size11,100 SF
Lot Size2.20 Acres
Price / SF$256.76
Days on Market237
Property Features for 1580 S DUPONT HIGHWAY
General Information
Standard status
Active
Size
11,100 SF
Lot size
2.20 Acres
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$12,477
Building Details
Building Size
11,100 SF
Year Built
1998
Listing Agency:
R&R Commercial Realty
(302) 674-3400
Listed By:
Keith Walpole · License #RS-0014425
(302) 674-3400
Source:
Barnesrealestatecompany
Added: Dec 30, 2025
Changed: Aug 23
Last Checked: Aug 23 at 9:19AM
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 R&R Commercial Realty
Investment Insights
Based on property information with market context.
Located at 1580 S DuPont Hwy in Kent County, this commercial property is situated on approximately 2.20 acres. The property includes a building with a total area of about 11,100 square feet. The location is positioned along a historically significant and steadily trafficked corridor. The area has experienced population and household growth, potentially making it appealing for commercial redevelopment. The former tenant, Rite Aid, has ceased operations at this location. DuPont Highway remains a vital artery in Kent County, holding economic and cultural importance for the region. The property has a bike score of 51, indicating it is bikeable, a walk score of 52, indicating it is somewhat walkable, and a transit score of 40, indicating some transit options are available.
Key Highlights
- Strategically located on a historically significant and steadily trafficked corridor (S DuPont Hwy).
- Commercial land use in Kent County.
- Property size: Approximately 2.20 acres with a total building area of about 11,100 square feet.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$141,608
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,832,160
$2.8M
Cap Rate 7%
$2,022,971
$2.0M
Cap Rate 9%
$1,573,422
$1.6M
Market Conditions
NOI Build-Up for 11,100 SF
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.
Gross rent
$199.8K $18.00/SF
− Vacancy
−$11.0K −$0.99/SF
EGI
$188.8K $17.01/SF
− OpEx
−$47.2K −$4.25/SF
NOI
$141.6K $12.76/SF
Area
Kent County, DE
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,832,160
Cap Rate 7%
$2,022,971
Cap Rate 9%
$1,573,422
Alternative Uses
Best Use
Specialty Retail
$2.02M
$1.77M – $2.36M
NOI $141,608 @ 7.0% cap · market cap 4.97%
Second Best
Retail
$1.44M
$1.26M – $1.68M
NOI $100,909 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$2.80M
$2.45M – $3.26M
NOI $195,653 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
71k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 26%
Home Improvements & Furnishings 14%
Apparel 5%
Wendy's
Dining
25,116 visits/mo
0.1 miles
Burger King
Dining
12,299 visits/mo
0.1 miles
Harbor Freight Tools
Home Improvements & Furnishings
10,311 visits/mo
0.4 miles
Dollar Tree
Shops & Services
10,300 visits/mo
0.5 miles
Valero Energy
Shops & Services
4,596 visits/mo
0.3 miles
Demographics for 19901, DE
36,839
Population
15,443
Households
2.4
Avg Household Size
34
Median Age
27%
College-Educated
89%
High-School Grad
75.8 sq mi
ZIP Area
486
Density / Sq Mi
$63,891
Median Household Income
$33,069
Median Earnings
$1,353
Median Rent
$258,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Rite Aid Pharmacy — 1580 S Dupont Hwy, Dover, DE 19901
- Chinedum Amakwe, RPH — 1580 S Dupont Hwy, Dover, DE 19901
- Ravikiran K. Tatikonda, RPH — 1580 S Dupont Hwy, Dover, DE 19901
- Rodney Village Pharmacy — 1664 S Governors Ave, Dover, DE 19904
- GNC at Rite Aid — 1580 S Dupont Hwy, Dover, DE 19901
Frequently Asked Questions
What type of property is this?
Drug store - Commercial property with redevelopment potential on a high-traffic corridor.
Where is this drug store located?
The property is located at 1580 S DUPONT HIGHWAY Dover, DE.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Strategically located on a historically significant and steadily trafficked corridor (S DuPont Hwy).; Commercial land use in Kent County.; Property size: Approximately 2.20 acres with a total building area of about 11,100 square feet.
