Office Suite with Private
New
For Sale
Contact for pricing
312 E STEIN HIGHWAY, Seaford, DE 19973
Open-plan space includes a rear utility room and parking at both the front and back of the building.
Property Size800 SF
Price / SF$1.19
Days on Market5
Property Features for 312 E STEIN HIGHWAY
General Information
Standard status
Active
Size
800 SF
Property subtype
Commercial
Additional Details
Property Use
Office
Building Details
Year Built
1988
Tenancy
Multi
Listing Agency:
RE/MAX Advantage Realty
(302) 628-2500
Listed By:
Kevin Thawley · License #RA0020932
(302) 258-6455
Source:
Cummingsrealtors
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 4:53PM
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 RE/MAX Advantage Realty
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Investment Insights
Based on property information with market context.
This 800-square-foot office unit is arranged around a large open area suited to office or service use, with a small break and utility room at the rear. The building was constructed in 1988, and parking is available in front as well as in a larger lot behind the property.
The suite is on Stein Highway in Seaford, with access from the highway. Another tenant in the building operates a real estate office. The tenant pays for electricity, water and sewer, contents coverage, and liability insurance; the landlord handles property maintenance, taxes, and property insurance.
The suite is on Stein Highway in Seaford, with access from the highway. Another tenant in the building operates a real estate office. The tenant pays for electricity, water and sewer, contents coverage, and liability insurance; the landlord handles property maintenance, taxes, and property insurance.
Key Highlights
- 800‑square‑foot office suite with a large open work or display area
- Rear break and utility room
- Parking in front of the office and in a large rear lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,558
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,160
$251.2K
Cap Rate 7%
$179,400
$179.4K
Cap Rate 9%
$139,533
$139.5K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$20.5K $25.68/SF
− Vacancy
−$3.8K −$4.75/SF
EGI
$16.7K $20.93/SF
− OpEx
−$4.2K −$5.23/SF
NOI
$12.6K $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 Rate 5%
$251,160
Cap Rate 7%
$179,400
Cap Rate 9%
$139,533
Alternative Uses
Best Use
Office B
$179.4K
$157.0K – $209.3K
NOI $12,558 @ 7.0% cap · market cap 1,321.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$219.8K
$192.4K – $256.5K
NOI $15,389 @ 7.0% cap · market cap 1,619.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
Explore this area
Business Placement
Demographics for 19973, DE
25,550
Population
10,725
Households
2.4
Avg Household Size
42
Median Age
18%
College-Educated
84%
High-School Grad
84.0 sq mi
ZIP Area
304
Density / Sq Mi
$62,668
Median Household Income
$36,439
Median Earnings
$1,131
Median Rent
$254,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Open-plan space includes a rear utility room and parking at both the front and back of the building.
Where is this office unit located?
The property is located at 312 E STEIN HIGHWAY Seaford, DE.
What are key features of this property?
This property features: 800‑square‑foot office suite with a large open work or display area; Rear break and utility room; Parking in front of the office and in a large rear lot
