Office Unit With Six Private
For Sale
Contact for pricing
404 South Bedford Street Unit 6, Georgetown, DE 19947
Class A office suite within an established professional office center near Routes 9 and 113.
Property Size1,600 SF
Price / SF$0.01
Days on Market52
Property Features for 404 South Bedford Street Unit 6
General Information
Standard status
Active
Size
1,600 SF
Class
A
Property subtype
Office
Lease Term
Gross
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
1,600 SF
Properties For Sale
at 404 South Bedford Street Unit 6
Unit 6
Size
1,600 SF
Type
Office Building
Term
Negotiable
Listing Agency:
SVN/Miller Commercial Real Estate
Listed By:
Trent Spicer-Davis · License #5021302
(302) 745-7920
Source:
Svnmiller
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 6:03AM
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 SVN/Miller Commercial Real Estate
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Investment Insights
Based on property information with market context.
Located at 404 South Bedford Street, Unit 6, this approximately 1,600 SF Class A office unit provides six private offices in an established professional office center. The configuration offers a clean, professional setting for office users in Georgetown.
South Bedford Street access places the suite minutes from Route 9 and US Route 113, connecting the property with Georgetown and the greater Sussex County market. The office center is also near the county government hub.
South Bedford Street access places the suite minutes from Route 9 and US Route 113, connecting the property with Georgetown and the greater Sussex County market. The office center is also near the county government hub.
Key Highlights
- ±1,600 SF Class A office suite
- Six private offices
- Established professional office center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,115
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,300
$502.3K
Cap Rate 7%
$358,786
$358.8K
Cap Rate 9%
$279,056
$279.1K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$41.1K $25.68/SF
− Vacancy
−$7.6K −$4.75/SF
EGI
$33.5K $20.93/SF
− OpEx
−$8.4K −$5.23/SF
NOI
$25.1K $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%
$502,300
Cap Rate 7%
$358,786
Cap Rate 9%
$279,056
Alternative Uses
Best Use
Office B
$358.8K
$313.9K – $418.6K
NOI $25,115 @ 7.0% cap · market cap 139,527.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$439.7K
$384.7K – $513.0K
NOI $30,778 @ 7.0% cap · market cap 170,988.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
Explore this area
Business Placement
Demographics for 19947, DE
20,964
Population
6,972
Households
3
Avg Household Size
37
Median Age
18%
College-Educated
76%
High-School Grad
119.2 sq mi
ZIP Area
176
Density / Sq Mi
$68,529
Median Household Income
$35,227
Median Earnings
$1,298
Median Rent
$294,000
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 - Class A office suite within an established professional office center near Routes 9 and 113.
Where is this office unit located?
The property is located at 404 South Bedford Street Unit 6 Georgetown, DE.
What are key features of this property?
This property features: ±1,600 SF Class A office suite; Six private offices; Established professional office center
