Showroom Warehouse on Route
For Sale
Contact for pricing
34139 Dupont Blvd, Frankford, DE 19945
Flex-style showroom and rear warehouse with office space, two overhead doors, and water and sewer service.
Property Size10,000 SF
Price / SF$129.50
Days on Market73
Property Features for 34139 Dupont Blvd
General Information
Standard status
Active
Size
10,000 SF
Class
B
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Listing Agency:
NAI Coastal - Salisbury
Listed By:
Chris Davis · License #MD 302826
(443) 523-4539
Source:
Crexi
Added: Jul 4
Changed: Sep 9
Last Checked: Sep 14 at 5:58AM
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 NAI Coastal - Salisbury
Investment Insights
Based on property information with market context.
±10,000 SF of showroom and warehouse space is available for sale with office space included. The layout features a ±2,000 SF front showroom and a rear ±8,064 SF warehouse area, supported by two overhead doors and water and sewer service.
The property has frontage on the U.S. Route 113 corridor in Frankford, Delaware, providing visibility and accessibility along this major thoroughfare. It is also described as close to shopping and restaurants.
The configuration supports a user that wants a front-facing customer area with a dedicated warehouse space behind it, while retaining office space on-site for day-to-day operations.
The property has frontage on the U.S. Route 113 corridor in Frankford, Delaware, providing visibility and accessibility along this major thoroughfare. It is also described as close to shopping and restaurants.
The configuration supports a user that wants a front-facing customer area with a dedicated warehouse space behind it, while retaining office space on-site for day-to-day operations.
Key Highlights
- +/- 10,000 SF flex‑style showroom/warehouse for sale in Frankford, DE, with frontage on the U.S. Route 113 corridor
- +/- 2,000 SF front showroom space
- +/- 8,064 SF rear warehouse space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$93,288
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,865,760
$1.9M
Cap Rate 7%
$1,332,686
$1.3M
Cap Rate 9%
$1,036,533
$1.0M
Market Conditions
NOI Build-Up for 10,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$156.0K $15.60/SF
− Vacancy
−$12.5K −$1.25/SF
EGI
$143.5K $14.35/SF
− OpEx
−$50.2K −$5.02/SF
NOI
$93.3K $9.33/SF
Area
Sussex County, DE
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,865,760
Cap Rate 7%
$1,332,686
Cap Rate 9%
$1,036,533
Alternative Uses
Best Use
Flex RnD
$1.33M
$1.17M – $1.55M
NOI $93,288 @ 7.0% cap · market cap 7.20%
Second Best
Warehouse
$948.6K
$830.0K – $1.11M
NOI $66,402 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$2.75M
$2.40M – $3.21M
NOI $192,360 @ 7.0% cap · market cap 14.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19945, DE
8,041
Population
5,823
Households
1.4
Avg Household Size
51
Median Age
32%
College-Educated
92%
High-School Grad
62.3 sq mi
ZIP Area
129
Density / Sq Mi
$86,021
Median Household Income
$37,062
Median Earnings
$1,229
Median Rent
$410,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex-style showroom and rear warehouse with office space, two overhead doors, and water and sewer service.
Where is this flex space located?
The property is located at 34139 Dupont Blvd Frankford, DE.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: +/- 10,000 SF flex‑style showroom/warehouse for sale in Frankford, DE, with frontage on the U.S. Route 113 corridor; +/- 2,000 SF front showroom space; +/- 8,064 SF rear warehouse space
