Professional Office
33712 WESCOATS ROAD #3, Lewes, DE 19958
For Sale
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Multi-level office space offers private rooms, reception, storage, and shared parking in an accessible professional setting.
Property Size1,767 SF
Price / SF$1.83
Days on Market51
Property Features for 33712 WESCOATS ROAD #3
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Tenancy
Listing Agency:
DSM COMMERCIAL
Listed By:
BRITTANY DANAHY · License #RB-0020210
(302) 227-0768
Source:
Cummingsrealtors
Added: Sep 17
Changed: Nov 6
Last Checked: Nov 6 at 10:26AM
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 DSM COMMERCIAL
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Investment Insights
Based on property information with market context.
This 1,767-square-foot office unit, built in 1970, is arranged primarily across the first floor with additional second-floor space. The layout includes a reception area, three first-floor offices, one larger office upstairs, storage and filing space, a restroom, and a stairwell. Existing occupants include Hear on the Shore, Cape Behavioral Health, and Lewis Research.
The property is located at 33712 Wescoats Road #3 in Lewes, Delaware, just off Savannah Road. Clay Road, providing access toward King's Highway and downtown Lewes, is nearby, as is Marsh Road and Route 1. The office benefits from a shared parking lot with approximately 20 spaces and a setting described as quiet and private.
The property is located at 33712 Wescoats Road #3 in Lewes, Delaware, just off Savannah Road. Clay Road, providing access toward King's Highway and downtown Lewes, is nearby, as is Marsh Road and Route 1. The office benefits from a shared parking lot with approximately 20 spaces and a setting described as quiet and private.
Key Highlights
- 1,767‑square‑foot office unit built in 1970
- Layout includes reception, three first‑floor offices, one second‑floor office, storage, restroom, and stairwell
- Current tenants include Hear on the Shore, Cape Behavioral Health, and Lewis Research
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,736
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,720
$554.7K
Cap Rate 7%
$396,229
$396.2K
Cap Rate 9%
$308,178
$308.2K
Market Conditions
NOI Build-Up for 1,767 SF
Gross rent
$45.4K $25.68/SF
− Vacancy
−$8.4K −$4.75/SF
EGI
$37.0K $20.93/SF
− OpEx
−$9.2K −$5.23/SF
NOI
$27.7K $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%
$554,720
Cap Rate 7%
$396,229
Cap Rate 9%
$308,178
Alternative Uses
Best Use
Office B
$396.2K
$346.7K – $462.3K
NOI $27,736 @ 7.0% cap · market cap 856.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$485.6K
$424.9K – $566.5K
NOI $33,990 @ 7.0% cap · market cap 1,049.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
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Business Placement
Demographics for 19958, DE
27,911
Population
19,410
Households
1.4
Avg Household Size
61
Median Age
49%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
590
Density / Sq Mi
$91,445
Median Household Income
$49,124
Median Earnings
$1,654
Median Rent
$488,900
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Sussex County, DE
Properties on Market for Office Units in Sussex County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Multi-level office space offers private rooms, reception, storage, and shared parking in an accessible professional setting.
Where is this office unit located?
The property is located at 33712 WESCOATS ROAD #3 Lewes, DE.
What are key features of this property?
This property features: 1,767‑square‑foot office unit built in 1970; Layout includes reception, three first‑floor offices, one second‑floor office, storage, restroom, and stairwell; Current tenants include Hear on the Shore, Cape Behavioral Health, and Lewis Research
