Storefront Property with Two
For Sale
$350,000
4377 FORREST AVENUE, Dover, DE 19904
BG-zoned commercial space offers separate customer access points within a 1962-built property.
Property Size1,572 SF
Price / SF$222.65
Days on Market54
Property Features for 4377 FORREST AVENUE
General Information
Standard status
Active
Size
1,572 SF
Property subtype
Commercial
Zoning
BG
Building Details
Year Built
1962
Listing Agency:
R&R Commerical Realty
(302) 674-3400
Listed By:
Larry W Thompson Jr. · License #R3-0018781
(302) 270-1186
Source:
Cummingsrealtors
Added: Sep 14
Changed: Nov 5
Last Checked: Nov 4 at 2:45PM
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 R&R Commerical Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property at 4377 Forrest Avenue features 2 separate entrances and was built in 1962. The space is classified under BG zoning, supporting its commercial positioning.
Located in Dover, Delaware, the property provides a storefront setting with dual access points for customers, staff, or operational separation. Its established construction date and address-specific location add useful context for evaluating the asset.
Located in Dover, Delaware, the property provides a storefront setting with dual access points for customers, staff, or operational separation. Its established construction date and address-specific location add useful context for evaluating the asset.
Key Highlights
- BG zoning designation
- 2 separate entrances
- Built in 1962
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,291
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,820
$285.8K
Cap Rate 7%
$204,157
$204.2K
Cap Rate 9%
$158,789
$158.8K
Market Conditions
NOI Build-Up for 1,572 SF
Gross rent
$22.1K $14.04/SF
− Vacancy
−$1.7K −$1.05/SF
EGI
$20.4K $12.99/SF
− OpEx
−$6.1K −$3.90/SF
NOI
$14.3K $9.09/SF
Area
Kent County, DE
Vacancy
7.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,820
Cap Rate 7%
$204,157
Cap Rate 9%
$158,789
Alternative Uses
Best Use
Retail
$204.2K
$178.6K – $238.2K
NOI $14,291 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.8K
$346.4K – $461.8K
NOI $27,709 @ 7.0% cap · market cap 7.92%
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
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
6k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,806 visits/mo
0.1 miles
Demographics for 19904, DE
36,880
Population
16,047
Households
2.3
Avg Household Size
38
Median Age
27%
College-Educated
91%
High-School Grad
43.2 sq mi
ZIP Area
854
Density / Sq Mi
$66,885
Median Household Income
$39,459
Median Earnings
$1,240
Median Rent
$281,000
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - BG-zoned commercial space offers separate customer access points within a 1962-built property.
Where is this storefront property located?
The property is located at 4377 FORREST AVENUE Dover, DE.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: BG zoning designation; 2 separate entrances; Built in 1962
