Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Warehouse and Residence Title is generated by Realmo AI

    28338 CLAYTON St, Dagsboro, DE 19939

    View on Map
    Claim this Listing
    New
    For Sale
    $895,000

    A mixed-use property with existing residence and warehouse/shop plus public water and sewer hook-ups for flexible planning.

    Type:Commercial
    Lot size:
    1.93 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 4:31 am

    Property Features for 28338 CLAYTON St

    General Information

    Standard status
    Active
    Lot size
    1.93 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1972

    We can help!

    Listing Contact
    Spike Sands
    Spike Sands

    Listing agent Spike Sands License #637504

    Listing office Berkshire Hathaway HomeServices Penfed Realty

    Listing date Jun 3, 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 Berkshire Hathaway HomeServices Penfed Realty

    HighLights

    • 1.93‑acre commercial/mixed‑use property along Route 26 in the heart of Dagsboro (between Route 113 and Route 20).
    • Existing improvements include a residence and a warehouse/shop.
    • Two public water and sewer hook‑ups already on site, plus two separate utility services.
    • Located in the Town Center zoning district—many use types may be permitted; buyers should verify intended uses with the Town of Dagsboro.
    • Road frontage on Route 26 with high traffic visibility along major Sussex County travel corridors.

    Overview

    This mixed-use commercial property includes existing improvements comprised of a residence and a warehouse/shop, providing an immediate setup for a variety of owner-operator and tenant uses. Public water and sewer hook-ups are already on site, and two separate utility services are in place, supporting future adaptation or expansion of the existing structures.

    The property is located in the Town Center zoning district and offers road frontage along Route 26, positioned between Route 113 and Route 20. Public remarks indicate that a range of uses may be permitted, including retail shops, restaurants, cafes, professional offices, medical practices, fitness facilities, salons, mixed-use developments, apartments, and community-oriented businesses, though buyers are encouraged to verify intended uses with the Town of Dagsboro.

    For prospective buyers, the combination of existing structures and utilities can help reduce early buildout risk when pursuing retail, office, or service-oriented concepts, or when considering a live-work approach. The site’s configuration supports redevelopment or expansion plans while retaining functional improvements that can serve as a starting point for a new chapter.
    Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Dental Office Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Dagsboro
    County
    Sussex
    State
    Delaware
    Longitude
    -75.2500937
    Latitude
    38.547748

    Nearby Similar for Sale

    • $1,200,000
      6,900 SF

      Dagsboro Mixed-Use Property For Sale

      Mixed-use property with office, and storage buildings on 1.44 acres.
      31229 DUPONT Blvd, Dagsboro, DE 19939
      View Details
    • $1,250,000

      Land For Sale in DAGSBORO

      2.83 acre land available for sale in DAGSBORO, Delaware.
      34371 VINES CREEK Road, DAGSBORO, DE 19939
      View Details
    • $799,000

      Waterview Lane Specialty Property

      Specialty property on Waterview Lane, Dagsboro, DE.
      110 WATERVIEW Ln, Dagsboro, DE 19939
      View Details
    • $250,000

      Dagsboro Specialty Property For Sale

      Specialty property available for purchase in Dagsboro, Delaware.
      32286 SOUTH DOGWOOD Dr, Dagsboro, DE 19939
      View Details
    • $2,000
      50,000 SF

      Retail & Business Center

      Highly visible retail center on Rt. 113 with high traffic.
      32175 Dupont Blvd, Dagsboro, DE 19939
      View Details
    • Contact for pricing

      CubeSmart Self Storage Opportunity

      Self-storage facility for sale in Dagsboro, Delaware.
      30747 Dupont Blvd, Dagsboro, DE
      View Details

    FAQs

    What type of property is this?
    Warehouse - A mixed-use property with existing residence and warehouse/shop plus public water and sewer hook-ups for flexible planning.
    Where is this warehouse located?
    The property is located at 28338 CLAYTON St Dagsboro, DE.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: 1.93‑acre commercial/mixed‑use property along Route 26 in the heart of Dagsboro (between Route 113 and Route 20).; Existing improvements include a residence and a warehouse/shop.; Two public water and sewer hook‑ups already on site, plus two separate utility services.
    (443) 235-0489
    We can help!
    Listing Contact
    Spike Sands
    Spike Sands
    Real Estate License ID: 637504
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    28338 CLAYTON St, Dagsboro, DE 19939
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!