Industrial Manufacturing/Warehouse Facility For
For Sale
$4,642,500
6063 Whitehurst Drive, Seaford, DE 19973
Premium industrial facility in tax-friendly Sussex County, Delaware.
Property Size61,900 SF
Price / SF$75
Days on Market108
Property Features for 6063 Whitehurst Drive
General Information
Standard status
Active
Size
61,900 SF
Property subtype
Industrial
Building Details
Building Size
61,900 SF
Listing Agency:
SVN - Miller | Easton
(410) 726-0966
Listed By:
Flo Brotzman · License #MD #597618
(410) 726-0966
Source:
Svn
Added: May 16
Changed: Aug 26
Last Checked: Aug 30 at 3:31PM
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 | Easton
Investment Insights
Based on property information with market context.
This 61,900-square-foot industrial manufacturing and warehouse facility is available for sale or lease in Sussex County, Delaware. The property is strategically located just off Route 20 and minutes from U.S. Route 13, offering accessibility and regional connectivity suitable for manufacturing, warehousing, distribution, or investment. Currently, 45,750 square feet is vacant and available for immediate occupancy, while 15,750 square feet is leased through August 2030, generating $89,760 in annual rental income. The office area features a reception area, private offices, a conference room, a lunchroom, and multiple restrooms. Additional office space and restrooms are located in the warehouse area. The property is located within an Opportunity Zone, potentially offering tax advantages for qualified investors. Sussex County is recognized as a business-friendly and tax-advantaged region.
Key Highlights
- 61,900 sq ft industrial manufacturing/warehouse facility in Sussex County, Delaware.
- 45,750 sq ft vacant and available for immediate occupancy.**
- Located in an Opportunity Zone, offering potential tax advantages.
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
$411,028
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
8.85%
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%
$8,220,560
$8.2M
Cap Rate 7%
$5,871,829
$5.9M
Cap Rate 9%
$4,566,978
$4.6M
Market Conditions
NOI Build-Up for 61,900 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
$520.0K $8.40/SF
− Vacancy
−$36.4K −$0.59/SF
EGI
$483.6K $7.81/SF
− OpEx
−$72.5K −$1.17/SF
NOI
$411.0K $6.64/SF
Area
Sussex County, DE
Vacancy
7.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
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%
$8,220,560
Cap Rate 7%
$5,871,829
Cap Rate 9%
$4,566,978
Alternative Uses
Best Use
Warehouse
$5.87M
$5.14M – $6.85M
NOI $411,028 @ 7.0% cap · market cap 8.85%
Second Best
Industrial
$5.21M
$4.56M – $6.08M
NOI $364,622 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$17.01M
$14.88M – $19.85M
NOI $1,190,708 @ 7.0% cap · market cap 25.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Premium industrial facility in tax-friendly Sussex County, Delaware.
Where is this manufacturing property located?
The property is located at 6063 Whitehurst Drive Seaford, DE.
What is the asking price?
The asking price for this property is $4,642,500.
What are key features of this property?
This property features: 61,900 sq ft industrial manufacturing/warehouse facility in Sussex County, Delaware.; 45,750 sq ft vacant and available for immediate occupancy.**; Located in an Opportunity Zone, offering potential tax advantages.
