Second-Floor Office
For Sale
Contact for pricing
18335 Coastal Highway, Lewes, DE 19958
Second-floor office suites with reception, private offices, open workspace, kitchenette, and two private restrooms.
Property Size3,060 SF
Price / SF$0.01
Days on Market106
Property Features for 18335 Coastal Highway
General Information
Standard status
Active
Size
3,060 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Properties For Sale
at 18335 Coastal Highway
Suite B
Size
3,060 SF
Term
Negotiable
Listing Agency:
NAI Emory Hill
Listed By:
Ann Bailey, CCIM · License #RA-0002718
(215) 292-6100
Source:
Naiglobal
Added: Jul 8
Changed: Oct 10
Last Checked: Oct 20 at 6:44PM
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 NAI Emory Hill
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Investment Insights
Based on property information with market context.
Second-floor office suites are available in a professionally maintained, multi-tenant office building. The space is laid out with a reception area, a mix of private offices and open workspace, a kitchenette, and two private restrooms. Access is provided via a private staircase to the first floor.
The building is located along Coastal Highway (US Route 1), in the heart of the Lewes market, with convenient access and ample on-site parking. The surrounding area includes residential communities, healthcare providers, and retail amenities.
Approximately 3,060± SF is available and is ready for occupancy now, making it well-suited for professional office and service use within an established, maintained office setting.
The building is located along Coastal Highway (US Route 1), in the heart of the Lewes market, with convenient access and ample on-site parking. The surrounding area includes residential communities, healthcare providers, and retail amenities.
Approximately 3,060± SF is available and is ready for occupancy now, making it well-suited for professional office and service use within an established, maintained office setting.
Key Highlights
- Second‑floor office suites totaling 3,060 ± SF available now
- Reception area plus a mix of private offices and open workspace
- Includes a kitchenette and two private restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,183
Suggested Prices Based on Cap Rates
Cap Rate 5%
$863,660
$863.7K
Cap Rate 7%
$616,900
$616.9K
Cap Rate 9%
$479,811
$479.8K
Market Conditions
NOI Build-Up for 3,060 SF
Gross rent
$73.4K $24.00/SF
− Vacancy
−$1.5K −$0.48/SF
EGI
$72.0K $23.52/SF
− OpEx
−$28.8K −$9.41/SF
NOI
$43.2K $14.11/SF
Area
Sussex County, DE
Vacancy
2.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$863,660
Cap Rate 7%
$616,900
Cap Rate 9%
$479,811
Alternative Uses
Best Use
Office B
$686.2K
$600.4K – $800.6K
NOI $48,033 @ 7.0% cap · market cap 208,839.13%
Second Best
Healthcare Medical
$616.9K
$539.8K – $719.7K
NOI $43,183 @ 7.0% cap · market cap 187,752.17%
Theoretical Best
Office A
$840.9K
$735.8K – $981.0K
NOI $58,862 @ 7.0% cap · market cap 255,921.74%
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
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
697
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor office suites with reception, private offices, open workspace, kitchenette, and two private restrooms.
Where is this office unit located?
The property is located at 18335 Coastal Highway Lewes, DE.
What are key features of this property?
This property features: Second‑floor office suites totaling 3,060 ± SF available now; Reception area plus a mix of private offices and open workspace; Includes a kitchenette and two private restrooms
