Industrial Property with Paved
For Sale
Contact for pricing
16727 COASTAL HIGHWAY, Lewes, DE 19958
Metal-sided industrial facility with concrete floors, on-site paved parking, and 24-hour security.
Property Size6,800 SF
Price / SF$0.00
Days on Market56
Property Features for 16727 COASTAL HIGHWAY
General Information
Standard status
Active
Size
6,800 SF
Property subtype
Commercial
Building Details
Year Built
1990
Listing Agency:
R&R Commercial Realty
Listed By:
Keith Walpole · License #RS-0014425
(302) 674-3400
Source:
Cummingsrealtors
Added: Sep 8
Changed: Nov 1
Last Checked: Nov 1 at 4:32AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,800-square-foot industrial property at 16727 Coastal Highway in Lewes, Delaware, was built in 1990 and combines metal siding with concrete flooring. The facility includes 24-hour security and ample paved parking for operational convenience.
The property is positioned in a community with parks, recreational areas, schools, and public services nearby. Availability begins October 1, 2026.
The property is positioned in a community with parks, recreational areas, schools, and public services nearby. Availability begins October 1, 2026.
Key Highlights
- 6,800‑square‑foot industrial property
- Built in 1990
- Durable metal siding and concrete flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,055
Suggested Prices Based on Cap Rates
Cap Rate 5%
$801,100
$801.1K
Cap Rate 7%
$572,214
$572.2K
Cap Rate 9%
$445,056
$445.1K
Market Conditions
NOI Build-Up for 6,800 SF
Gross rent
$61.2K $9.00/SF
− Vacancy
−$4.0K −$0.59/SF
EGI
$57.2K $8.42/SF
− OpEx
−$17.2K −$2.52/SF
NOI
$40.1K $5.89/SF
Area
Sussex County, DE
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$801,100
Cap Rate 7%
$572,214
Cap Rate 9%
$445,056
Alternative Uses
Best Use
Industrial
$572.2K
$500.7K – $667.6K
NOI $40,055 @ 7.0% cap · market cap 250,343.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $130,805 @ 7.0% cap · market cap 817,531.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
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Business Placement
Demographics for 19958, DE
27,911
Population
19,410
Households
1.4
Avg Household Size
61
Median Age
49%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
590
Density / Sq Mi
$91,445
Median Household Income
$49,124
Median Earnings
$1,654
Median Rent
$488,900
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial property - Metal-sided industrial facility with concrete floors, on-site paved parking, and 24-hour security.
Where is this industrial property located?
The property is located at 16727 COASTAL HIGHWAY Lewes, DE.
What are key features of this property?
This property features: 6,800‑square‑foot industrial property; Built in 1990; Durable metal siding and concrete flooring
