Private-Use Retail and Service
18455 JOHNSON Rd Lincoln, DE 19960
18455 JOHNSON Rd, Lincoln, DE, 19960
$195,000
For Sale
$195,000
Approximately 600+/- sq ft of centrally located commercial space on 0.75 acres with new flooring and septic.
Property Size600 SF
Lot Size0.75 Acres
Price / SF$325
Days on Market16
Property Features for 18455 JOHNSON Rd
General Information
- Standard status
- Active
- Size
- 600 SF
- Lot size
- 0.75 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1897
Listing agency
(302) 629-5575
Listed by
TRINA JOYNER · License #581935
(302) 629-5575
Source
Elliman
Added: Jul 8 Updated: Jul 22 at 3:07AM Checked: Jul 22 at 3:07AM
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 TRINA JOYNER
Investment Insights
Based on property information with market context.
This property offers an approximately 600+/- sq ft commercial space designed for private business use. Improvements noted include new flooring and a newly installed septic system, along with a storage shed. The site also includes a circular driveway and signage spotlights.
The property is described as centrally located near Milford, with less than 5 minutes to US Route 113 and a short drive to nearby beaches. The surrounding walkability is described as car-dependent.
The listing indicates AR-1 zoning with conditional use approval, and it lists a variety of potential business types suited to the space, including pet grooming, day spa, coffee/deli, and related service and retail concepts.
The property is described as centrally located near Milford, with less than 5 minutes to US Route 113 and a short drive to nearby beaches. The surrounding walkability is described as car-dependent.
The listing indicates AR-1 zoning with conditional use approval, and it lists a variety of potential business types suited to the space, including pet grooming, day spa, coffee/deli, and related service and retail concepts.
Key Highlights
- Approximately 600+/- SF centrally located commercial space on 0.75 acres
- Year built 1897
- New flooring and new septic
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $10.8k | $18.00 |
| − Vacancy | −$1.1k | −$1.85 |
| EGI | $9.7k | $16.15 |
| − OpEx | −$2.4k | −$4.04 |
| NOI | $7.3k | $12.11 |
600 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$103.8K
$90.8K – $121.1K
NOI $7,266 @ 7.0% cap · market cap 3.73%
Second Best
Retail
$76.8K
$67.2K – $89.7K
NOI $5,379 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$164.9K
$144.3K – $192.4K
NOI $11,542 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Approximately 600+/- sq ft of centrally located commercial space on 0.75 acres with new flooring and septic.
Where is this storefront property located?
The property is located at 18455 JOHNSON Rd Lincoln, DE.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Approximately 600+/- SF centrally located commercial space on 0.75 acres; Year built 1897; New flooring and new septic
