Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Flex Space on Coastal Title is generated by Realmo AI

    30620 Coastal Hwy, Milton, DE 19968

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Newly renovated warehouse spaces available for lease on Coastal Highway.

    Type:Industrial
    Property size:
    1,200 SF
    Added:
    Apr 22, 2025
    Days on Market:
    387
    Last Refresh:
    Mar 17 at 1:24 pm

    Property Features for 30620 Coastal Hwy

    General Information

    Standard status
    Active
    Size
    1,200 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1990

    Spaces For Lease

    at 30620 Coastal Hwy Contact us

    We can help!

    Listing Contact
    Debbie Givens

    Listing agent Debbie Givens

    Listing office R&R Commercial Realty

    Listing date Apr 22, 2025

    Source Crexi

    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

    HighLights

    • Prime Coastal Highway location with high traffic and easy access to resort towns.
    • Newly renovated with modern interior upgrades including flooring, walls, paint, ceilings, and updated electrical systems.
    • Versatile spaces suitable for warehouse, light industrial, retail, or service‑based businesses.
    • Flexible unit sizes ranging from 600 to 1,200 sq ft, with options to combine units.
    • Roll‑up doors (10' x 10' to 12' x 14') for convenient deliveries and equipment access.
    • Warehouse‑style units with high ceilings and ample lighting.

    Overview

    Newly renovated warehouse spaces are available for lease on Coastal Highway. The property is located on Coastal Highway, the gateway to Delaware’s most popular resort towns including Lewes, Rehoboth Beach, Bethany, and Fenwick Island. This expansive property offers a variety of unit options, suitable for warehouse, light industrial, retail, or service-based businesses. Units range from 600 to 1,200 square feet, with the ability to lease multiple units together for larger operations. Several spaces include roll-up doors ranging in size from 10' x 10' to 12' x 14', suitable for deliveries, storage, or equipment access. The property features versatile floor plans with 30’ x 20’ x 16’ configurations and flexible combinations. Interior upgrades include newer flooring and walls throughout. The warehouse-style units have high ceilings and ample lighting. Plumbing and heating are available at the tenant's expense or per negotiated terms. The spaces are delivered as a vanilla shell, and the tenant is responsible for the fit-out. Fully finished office space is available. The property is located in a high-traffic location directly on Coastal Highway.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Milton
    County
    Sussex
    State
    Delaware
    Longitude
    -75.2169967
    Latitude
    38.7686282

    Nearby Similar for Lease

    • Contact for pricing

      Flex Space with Roll-Up Door

      Flex space featuring office, roll-up door, and high ceilings.
      100 BUSINESS PARK Ln B & F, Milton, DE 19968
      View Details
    • $2,500/Mo

      Coastal Highway Commercial Property Rental

      Commercial property available for rent on Coastal Highway.
      30616, 30620 & 30627 Coastal Hwy, Milton, DE 19968
      View Details

    FAQs

    What type of property is this?
    Flex space - Newly renovated warehouse spaces available for lease on Coastal Highway.
    Where is this flex space located?
    The property is located at 30620 Coastal Hwy Milton, DE.
    What are key features of this property?
    This property features: Prime Coastal Highway location with high traffic and easy access to resort towns.; Newly renovated with modern interior upgrades including flooring, walls, paint, ceilings, and updated electrical systems.; Versatile spaces suitable for warehouse, light industrial, retail, or service‑based businesses.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Debbie Givens
    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
    30620 Coastal Hwy, Milton, DE 19968
    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!