One-Story Industrial
For Sale
Contact for pricing
1624 North Little Creek Road, Dover, DE 19901
Light industrial facility with integrated office space, multiple drive-in bays, and access near Route 1 and Route 13.
Property Size14,253 SF
Lot Size12.53 Acres
Price / SF$161.37
Days on Market67
Property Features for 1624 North Little Creek Road
General Information
Standard status
Active
Size
14,253 SF
Total Parking Spaces
30
Lot size
12.53 Acres
Property subtype
Retail, Self Storage, Industrial
Zoning
IL
Occupancy
50%
Lease Type
NNN
Additional Details
Highway Access
Yes
Drive-In Doors
9
Building Details
Year Built
1980
Year Renovated
2020
Buildings
1
Stories
1
Tenancy
Single
Building Size
14,253 SF
Listing Agency:
R & R Commercial Realty
Listed By:
Charles Rodriguez · License #3293114
(302) 674-3400
Source:
Crexi
Added: Aug 11
Changed: Oct 12
Last Checked: Oct 14 at 11:53PM
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
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Investment Insights
Based on property information with market context.
This one-story warehouse and industrial facility includes integrated office space and was constructed in 1980. The building is configured for industrial operations, with nine drive-in bays supporting direct loading and unloading access. On-site parking includes more than 15 spaces.
The property is zoned IL, identified in the source information as I-L Light Industrial. Its location near Route 1 and Route 13 provides access to regional transportation routes. The combination of warehouse space, office area, drive-in loading, and light industrial zoning supports a range of operational requirements.
The property is zoned IL, identified in the source information as I-L Light Industrial. Its location near Route 1 and Route 13 provides access to regional transportation routes. The combination of warehouse space, office area, drive-in loading, and light industrial zoning supports a range of operational requirements.
Key Highlights
- 9 drive‑in bays for loading and unloading
- More than 15 on‑site parking spaces
- IL zoning; identified as I‑L Light Industrial
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$196,613
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,932,260
$3.9M
Cap Rate 7%
$2,808,757
$2.8M
Cap Rate 9%
$2,184,589
$2.2M
Market Conditions
NOI Build-Up for 14,253 SF
Gross rent
$236.0K $16.56/SF
− Vacancy
−$4.7K −$0.33/SF
EGI
$231.3K $16.23/SF
− OpEx
−$34.7K −$2.43/SF
NOI
$196.6K $13.79/SF
Area
Kent County, DE
Vacancy
2.00%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,932,260
Cap Rate 7%
$2,808,757
Cap Rate 9%
$2,184,589
Alternative Uses
Best Use
Warehouse
$2.81M
$2.46M – $3.28M
NOI $196,613 @ 7.0% cap · market cap 8.55%
Second Best
Industrial
$2.28M
$2.00M – $2.66M
NOI $159,733 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$3.59M
$3.14M – $4.19M
NOI $251,229 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
9
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Light industrial facility with integrated office space, multiple drive-in bays, and access near Route 1 and Route 13.
Where is this warehouse located?
The property is located at 1624 North Little Creek Road Dover, DE.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 9 drive‑in bays for loading and unloading; More than 15 on‑site parking spaces; IL zoning; identified as I‑L Light Industrial
