Established Storefront Retail
New
For Sale
$350,000
470 N DUPONT HWY #A, Dover, DE 19901
Operating from a leased unit, the business includes fixtures, equipment, branding, and digital assets.
Property Size2,000 SF
Price / SF$175
Days on Market4
Property Features for 470 N DUPONT HWY #A
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Business
Additional Details
Business Included
Yes
Building Details
Year Built
1996
Listing Agency:
Keller Williams Realty Central-Delaware
(302) 270-2917
Listed By:
Nikhil Patel · License #344176
(302) 270-2917
Source:
Cummingsrealtors
Added: Aug 11
Changed: Aug 14
Last Checked: Aug 14 at 3:59AM
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 Keller Williams Realty Central-Delaware
Investment Insights
Based on property information with market context.
This established retail business operates from a 2,000-square-foot leased storefront at 470 N Dupont Hwy #A in Dover. The sale includes the business name, goodwill, equipment, fixtures, branding, telephone numbers, social-media accounts, and seller-owned website or domain rights identified in the purchase agreement. A prominent storefront mural contributes a recognizable physical identity, while the business has approximately 14 years of operating history.
The property was built in 1996 and the business occupies one leased unit. An adjoining unit may be available for expansion, subject to landlord approval and lease terms, but is not required for the acquisition. Seller-provided training and transition assistance are available, and the buyer is responsible for obtaining required licenses and approvals.
The property was built in 1996 and the business occupies one leased unit. An adjoining unit may be available for expansion, subject to landlord approval and lease terms, but is not required for the acquisition. Seller-provided training and transition assistance are available, and the buyer is responsible for obtaining required licenses and approvals.
Key Highlights
- Approximately 14 years of retail operating history
- 2,000‑square‑foot leased storefront at 470 N Dupont Hwy #A, Dover, DE 19901
- Sale includes business name, goodwill, equipment, fixtures, and branding
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
$18,182
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
5.19%
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%
$363,640
$363.6K
Cap Rate 7%
$259,743
$259.7K
Cap Rate 9%
$202,022
$202.0K
Market Conditions
NOI Build-Up for 2,000 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
$28.1K $14.04/SF
− Vacancy
−$2.1K −$1.05/SF
EGI
$26.0K $12.99/SF
− OpEx
−$7.8K −$3.90/SF
NOI
$18.2K $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 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%
$363,640
Cap Rate 7%
$259,743
Cap Rate 9%
$202,022
Alternative Uses
Best Use
Retail
$259.7K
$227.3K – $303.0K
NOI $18,182 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$503.6K
$440.7K – $587.6K
NOI $35,253 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,752
Businesses Nearby
355k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 28%
Dining 27%
Superstores 26%
Groceries 17%
Target
Superstores
93,354 visits/mo
0.2 miles
Wawa
Shops & Services
38,994 visits/mo
0.1 miles
Safeway
Groceries
32,770 visits/mo
0.3 miles
Aldi
Groceries
24,765 visits/mo
0.4 miles
Royal Farms
Shops & Services
19,992 visits/mo
0.2 miles
Demographics for 19901, DE
36,839
Population
15,443
Households
2.4
Avg Household Size
34
Median Age
27%
College-Educated
89%
High-School Grad
75.8 sq mi
ZIP Area
486
Density / Sq Mi
$63,891
Median Household Income
$33,069
Median Earnings
$1,353
Median Rent
$258,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Operating from a leased unit, the business includes fixtures, equipment, branding, and digital assets.
Where is this storefront property located?
The property is located at 470 N DUPONT HWY #A 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: Approximately 14 years of retail operating history; 2,000‑square‑foot leased storefront at 470 N Dupont Hwy #A, Dover, DE 19901; Sale includes business name, goodwill, equipment, fixtures, and branding
