Mixed-Use Property with
New
For Sale
$1,300,000
315 S DUPONT HIGHWAY, New Castle, DE 19720
A second-floor residential component adds three apartments above the commercial space.
Property Size9,799 SF
Lot Size1.00 Acre
Price / SF$132.67
Days on Market7
Property Features for 315 S DUPONT HIGHWAY
General Information
Standard status
Active
Size
9,799 SF
Total Parking Spaces
28
Lot size
1.00 Acre
Property subtype
Commercial
Zoning
CR
Additional Details
Highway Access
Yes
Building Details
Year Built
1953
Buildings
1
Listing Agency:
House of Real Estate
(302) 274-2503
Listed By:
Bayard Williams · License #RS-0017193
(302) 743-0860
Source:
Cummingsrealtors
Added: Oct 15
Changed: Oct 21
Last Checked: Oct 20 at 10:24PM
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 House of Real Estate
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Investment Insights
Based on property information with market context.
This freestanding mixed-use property combines commercial space with three second-floor apartments. Built in 1953, the building contains 9,799 square feet and sits on approximately one acre, with 28 parking spaces serving the site.
Located in New Castle, the property has access to Routes 40 and 1, as well as I-95. It is zoned CR (Commercial Regional).
Located in New Castle, the property has access to Routes 40 and 1, as well as I-95. It is zoned CR (Commercial Regional).
Key Highlights
- 9,799‑square‑foot building on approximately 1 acre
- Three second‑floor apartments
- 28 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,898
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,077,960
$2.1M
Cap Rate 7%
$1,484,257
$1.5M
Cap Rate 9%
$1,154,422
$1.2M
Market Conditions
NOI Build-Up for 9,799 SF
Gross rent
$158.7K $16.20/SF
− Vacancy
−$10.3K −$1.05/SF
EGI
$148.4K $15.15/SF
− OpEx
−$44.5K −$4.54/SF
NOI
$103.9K $10.60/SF
Area
New Castle County, DE
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,077,960
Cap Rate 7%
$1,484,257
Cap Rate 9%
$1,154,422
Alternative Uses
Best Use
Specialty Retail
$1.80M
$1.57M – $2.10M
NOI $125,804 @ 7.0% cap · market cap 9.68%
Second Best
Multifamily LT 5
$1.48M
$1.30M – $1.73M
NOI $103,898 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $164,068 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
Explore this area
Business Placement
Demographics for 19720, DE
61,043
Population
24,262
Households
2.5
Avg Household Size
39
Median Age
22%
College-Educated
89%
High-School Grad
38.3 sq mi
ZIP Area
1,594
Density / Sq Mi
$75,985
Median Household Income
$42,600
Median Earnings
$1,282
Median Rent
$242,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A second-floor residential component adds three apartments above the commercial space.
Where is this mixed-use property located?
The property is located at 315 S DUPONT HIGHWAY New Castle, DE.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 9,799‑square‑foot building on approximately 1 acre; Three second‑floor apartments; 28 parking spaces
