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    18119 SUSSEX Hwy Bridgeville, DE 19933

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    For Sale
    $2,200,000

    Commercial property with highway frontage and redevelopment potential.

    Type:Commercial
    Property size:
    13,000 SF
    Lot size:
    6.00 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 24 at 8:07 pm

    Property Features for 18119 SUSSEX Hwy

    General Information

    Standard status
    Active
    Size
    13,000 SF
    Lot size
    6.00 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    Bill Lucks

    Listing agent Bill Lucks

    Listing office KELLER WILLIAMS COMMERCIAL

    Listing date Apr 24, 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 KELLER WILLIAMS COMMERCIAL

    Overview

    Highway Frontage Commercial Property

    This commercial property features a direct north/south highway location with C-1 zoning. The B+ to A rated facility includes approximately 13,000 square feet of business space and 350 feet of road frontage on 6 acres. The average annual daily traffic count is over 25,000. The property is divided into three units: one with 4675 square feet, one with 5930 square feet, and one with approximately 2400 square feet. One of the spaces, comprising 2400 square feet, is occupied by a long-term tenant with a monthly rent of $2600 on a triple net lease. There are approximately 70 parking spaces, along with additional driveway and rear ancillary parking. The units are separated by firewalls and feature individual key-card staff entries, a diesel generator to prevent power loss, and fiber optics throughout. The property has an on-site LPP septic system with six pumps and a 2800-gallon capacity. The facility includes an LED lighted highway pylon, parking lot lighting, and a strobe fire alarm system throughout. Electric service is provided by Delmarva Power, and the property has multiple HVAC units and 220 VAC. The property is not in a flood zone and has no municipal taxes. The location is suitable for continued use or redevelopment. The property has a bike score of 37, indicating it is somewhat bikeable, and a walk score of 24, indicating car-dependence.
    Location Intelligence

    Current Use by Public Records

    Kids Den Child ... Daycare Center Antoinette Hardy Physician Dr. Monique Yost Physician Harrison family Practice ... Physician

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeville
    County
    Sussex
    State
    Delaware
    Longitude
    -75.5909086
    Latitude
    38.7385524

    Nearby Similar for Sale

    • $1,250,000
      4,200 SF

      Commercial Property on Major Highway

      C-1 zoned commercial property on 2 acres for sale.
      8991 REDDEN ROAD, BRIDGEVILLE, DE 19933
      View Details
    • $625,000
      5,000 SF

      Industrial Property in Bridgeville, DE

      5,000 SF industrial property available for sale.
      922 Austin Ln, Bridgeville, DE
      View Details
    • $8,161,640
      4,063 SF

      New 7-Eleven with Gas

      New construction 7-Eleven with gas station for sale.
      20494 Sussex Hwy, Bridgeville, DE 19933
      View Details

    FAQs

    What type of property is this?
    Strip mall - Commercial property with highway frontage and redevelopment potential.
    Where is this strip mall located?
    The property is located at 18119 SUSSEX Hwy Bridgeville, DE.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Direct N/S highway location with **350‑foot road frontage** and high traffic volume (AADT 25,000+); C‑1 zoning on 6 acres, suitable for continued use or redevelopment; Approximately 13,000 s/f of business space divided into 3 units, offering diverse leasing opportunities
    (302) 236-1230
    We can help!
    Listing Contact
    Bill Lucks
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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