High-Visibility Retail Office
For Sale
$1,499,000
18451 Sussex Highway Bridgeville, Bridgeville, DE 19933
A 3-acre site with a block building, HVAC, concrete floors, and ample parking along a heavily traveled corridor.
Property Size4,400 SF
Price / SF$340.68
Days on Market48
Property Features for 18451 Sussex Highway Bridgeville
General Information
Standard status
Active
Size
4,400 SF
Total Parking Spaces
19
Property subtype
Business Opportunity
Zoning
C-1
Taxes and HOA fees
Annual Taxes
$8,131
Building Details
Building Size
4,400 SF
Year Built
2000
Listing Agency:
(609) 881-2414
Listed By:
Carl SanFilippo
(609) 881-2414
Source:
Mercercountyhomesforsale
Added: Jun 30
Changed: Aug 14
Last Checked: Aug 14 at 7:08AM
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 Carl SanFilippo
Investment Insights
Based on property information with market context.
The property consists of a 3-acre parcel improved with a 110-by-40 block building. The space features concrete floors, has heat and air, and is covered by a metal roof. The site also includes ample on-site parking and practical ingress/egress for customers and clients.
The building is positioned along highly traveled Route 13 in Bridgeville, Delaware, supporting high daily exposure. The property is described as offering strong visibility, with convenient access to surrounding towns and major routes.
This configuration suits a range of service-oriented and office users looking for straightforward, adaptable space. The concrete floors and in-place HVAC provide a ready baseline for everyday operations, while the on-site parking and high-traffic frontage support customer access. A permitted billboard on site is also listed as an available signage asset for branding or potential leasing.
The building is positioned along highly traveled Route 13 in Bridgeville, Delaware, supporting high daily exposure. The property is described as offering strong visibility, with convenient access to surrounding towns and major routes.
This configuration suits a range of service-oriented and office users looking for straightforward, adaptable space. The concrete floors and in-place HVAC provide a ready baseline for everyday operations, while the on-site parking and high-traffic frontage support customer access. A permitted billboard on site is also listed as an available signage asset for branding or potential leasing.
Key Highlights
- 3‑acre commercial parcel along heavily traveled Route 13 in Bridgeville, DE
- 110' x 40' block building with concrete floors
- HVAC and metal roof in the main building
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
$69,066
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
4.61%
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%
$1,381,320
$1.4M
Cap Rate 7%
$986,657
$986.7K
Cap Rate 9%
$767,400
$767.4K
Market Conditions
NOI Build-Up for 4,400 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
$113.0K $25.68/SF
− Vacancy
−$20.9K −$4.75/SF
EGI
$92.1K $20.93/SF
− OpEx
−$23.0K −$5.23/SF
NOI
$69.1K $15.70/SF
Area
Sussex County, DE
Vacancy
18.50%
Lease Rate
$25.68 /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%
$1,381,320
Cap Rate 7%
$986,657
Cap Rate 9%
$767,400
Alternative Uses
Best Use
Office B
$986.7K
$863.3K – $1.15M
NOI $69,066 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,638 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Explore this area
Business Placement
Demographics for 19933, DE
9,784
Population
4,454
Households
2.2
Avg Household Size
42
Median Age
19%
College-Educated
84%
High-School Grad
67.3 sq mi
ZIP Area
145
Density / Sq Mi
$61,261
Median Household Income
$36,269
Median Earnings
$1,021
Median Rent
$231,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - A 3-acre site with a block building, HVAC, concrete floors, and ample parking along a heavily traveled corridor.
Where is this office building located?
The property is located at 18451 Sussex Highway Bridgeville Bridgeville, DE.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 3‑acre commercial parcel along heavily traveled Route 13 in Bridgeville, DE; 110' x 40' block building with concrete floors; HVAC and metal roof in the main building
