Large Manufacturing
For Sale
$4,999,000
301 SE Se 4th St, Milford, DE 19963
Industrial facility with substantial yard area, parking, and truck access for manufacturing and distribution operations.
Property Size68,000 SF
Lot Size4.85 Acres
Price / SF$73.51
Days on Market48
Property Features for 301 SE Se 4th St
General Information
Standard status
Active
Size
68,000 SF
Lot size
4.85 Acres
Building Details
Year Built
1980
Building Size
68,000 SF
Listing Agency:
R&R Commercial Realty
Listed By:
Keith Walpole, Marie Biro
Source:
Lgagne
Added: Sep 6
Changed: Oct 4
Last Checked: Oct 7 at 3:33PM
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 R&R Commercial Realty
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Investment Insights
Based on property information with market context.
This manufacturing facility contains approximately 68,000 square feet within a building constructed in 1980. The property sits on approximately 4.85 acres and provides the scale needed for manufacturing, warehousing, distribution, or redevelopment. Existing site features include yard area, parking, and access for trucks and equipment.
Located at 301 SE Se 4th St in Milford, Delaware, the property is positioned near major transportation routes and within a commercial corridor. Its combination of building area, acreage, and operational access supports a range of industrial applications.
Located at 301 SE Se 4th St in Milford, Delaware, the property is positioned near major transportation routes and within a commercial corridor. Its combination of building area, acreage, and operational access supports a range of industrial applications.
Key Highlights
- Approximately 68,000 SF manufacturing building
- Approximately 4.85 acres
- Built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$451,534
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,030,680
$9.0M
Cap Rate 7%
$6,450,486
$6.5M
Cap Rate 9%
$5,017,044
$5.0M
Market Conditions
NOI Build-Up for 68,000 SF
Gross rent
$571.2K $8.40/SF
− Vacancy
−$40.0K −$0.59/SF
EGI
$531.2K $7.81/SF
− OpEx
−$79.7K −$1.17/SF
NOI
$451.5K $6.64/SF
Area
Sussex County, DE
Vacancy
7.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,030,680
Cap Rate 7%
$6,450,486
Cap Rate 9%
$5,017,044
Alternative Uses
Best Use
Warehouse
$6.45M
$5.64M – $7.53M
NOI $451,534 @ 7.0% cap · market cap 9.03%
Second Best
Industrial
$5.72M
$5.01M – $6.68M
NOI $400,554 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$18.69M
$16.35M – $21.80M
NOI $1,308,048 @ 7.0% cap · market cap 26.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
Explore this area
Business Placement
Demographics for 19963, DE
20,827
Population
10,300
Households
2
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
105.1 sq mi
ZIP Area
198
Density / Sq Mi
$65,420
Median Household Income
$40,157
Median Earnings
$1,161
Median Rent
$291,200
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial facility with substantial yard area, parking, and truck access for manufacturing and distribution operations.
Where is this manufacturing property located?
The property is located at 301 SE Se 4th St Milford, DE.
What is the asking price?
The asking price for this property is $4,999,000.
What are key features of this property?
This property features: Approximately 68,000 SF manufacturing building; Approximately 4.85 acres; Built in 1980
