Versatile Retail/Office
For Sale
Contact for pricing
512 W STEIN HIGHWAY #1, Seaford, DE 19973
Unit 1 storefront suite at 512 W Stein Highway offers flexible space for a range of business concepts.
Property Size6,400 SF
Price / SF$0.47
Days on Market100
Property Features for 512 W STEIN HIGHWAY #1
General Information
Standard status
Active
Size
6,400 SF
Property subtype
Commercial
Building Details
Year Built
1970
Listing Agency:
Cornerstone Associates, LLC
Listed By:
James (David) Baugh · License #RB-0031389
(302) 219-6024
Source:
Cummingsrealtors
Added: Jul 23
Changed: Oct 29
Last Checked: Oct 28 at 6:54AM
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 Cornerstone Associates, LLC
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Investment Insights
Based on property information with market context.
Located at 512 W Stein Highway in Seaford, this for-sale commercial suite is identified as Unit 1 and is presented as a versatile space for a variety of business concepts. The layout is described as accommodating multiple uses, with the property positioning itself as suitable for everything from professional office space to boutique retail and other neighborhood-serving concepts.
The offering emphasizes high visibility and convenient access on West Stein Highway, helping support customer-facing businesses and day-to-day operations.
Interested parties can review Unit 1’s flexibility as they consider the best fit for their business model within the existing commercial configuration.
The offering emphasizes high visibility and convenient access on West Stein Highway, helping support customer-facing businesses and day-to-day operations.
Interested parties can review Unit 1’s flexibility as they consider the best fit for their business model within the existing commercial configuration.
Key Highlights
- Unit 1 storefront suite at 512 W Stein Highway in Seaford available for lease
- Commercial space built in 1970
- Versatile layout suited to a range of business uses (office, retail, specialty store, cafe, fitness/wellness studio)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,373
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,147,460
$1.1M
Cap Rate 7%
$819,614
$819.6K
Cap Rate 9%
$637,478
$637.5K
Market Conditions
NOI Build-Up for 6,400 SF
Gross rent
$88.3K $13.80/SF
− Vacancy
−$6.4K −$0.99/SF
EGI
$82.0K $12.81/SF
− OpEx
−$24.6K −$3.84/SF
NOI
$57.4K $8.96/SF
Area
Sussex County, DE
Vacancy
7.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,147,460
Cap Rate 7%
$819,614
Cap Rate 9%
$637,478
Alternative Uses
Best Use
Office B
$1.44M
$1.26M – $1.67M
NOI $100,460 @ 7.0% cap · market cap 3,354.26%
Second Best
Retail
$819.6K
$717.2K – $956.2K
NOI $57,373 @ 7.0% cap · market cap 1,915.63%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,110 @ 7.0% cap · market cap 4,110.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 19973, DE
25,550
Population
10,725
Households
2.4
Avg Household Size
42
Median Age
18%
College-Educated
84%
High-School Grad
84.0 sq mi
ZIP Area
304
Density / Sq Mi
$62,668
Median Household Income
$36,439
Median Earnings
$1,131
Median Rent
$254,300
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
Similar Off Market Nearby
- Seaford Florist — 20 Market St, Blades, DE 19973
- Act Two Florist — 100 s conwell st, seaford, de 19973
- Posey Palace Florist — 512 E Stein Hwy, Seaford, DE 19973
Frequently Asked Questions
What type of property is this?
Storefront property - Unit 1 storefront suite at 512 W Stein Highway offers flexible space for a range of business concepts.
Where is this storefront property located?
The property is located at 512 W STEIN HIGHWAY #1 Seaford, DE.
What are key features of this property?
This property features: Unit 1 storefront suite at 512 W Stein Highway in Seaford available for lease; Commercial space built in 1970; Versatile layout suited to a range of business uses (office, retail, specialty store, cafe, fitness/wellness studio)
