Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Seaford, DE NNN Retail Title is generated by Realmo AI

    701 N Porter St, Seaford, DE

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    NNN retail property with a long-term national credit tenant.

    Type:RETAIL
    Property size:
    12,480 SF
    Lot size:
    2.46 Acres
    Price / SF:
    $200/SF
    Added:
    Nov 26, 2025
    Days on Market:
    172
    Last Refresh:
    Apr 5 at 9:15 pm

    Property Features for 701 N Porter St

    General Information

    Standard status
    Active
    Size
    12,480 SF
    Lot size
    2.46 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Matthew Trader
    Matthew Trader

    Listing agent Matthew Trader License #631428

    Listing office Rinnier Development Company

    Listing date Nov 26, 2025

    Source Moodyscre

    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 Rinnier Development Company

    HighLights

    • Single, national credit tenant provides reliable income.
    • Absolute Net lease ensures hands‑free investment with tenant responsible for all expenses.
    • 11+ years remaining on the initial lease term offers long‑term stability.
    • 6% CAP rate provides a strong return on investment.
    • 9% rental increases during option periods offer potential for increased income.
    • Located in Seaford, DE.

    Overview

    This is a retail property located in Seaford, Delaware. The property features a single, national credit tenant under an absolute net lease, making it a completely hands-free investment. The initial lease term has over 11 years remaining, with 9% rental increases during option periods. The property operates at a 6% CAP rate. The property is identified under Sussex County Tax Map 531-10.18-128.00. The property size is 12,480 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FedEx OnSite Postal Service Western Union Bank Dollar General Discount Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Act Two Florist — 100 s conwell st, seaford, de 19973
    • Seaford Florist — 20 Market St, Blades, DE 19973
    • Posey Palace Florist — 512 E Stein Hwy, Seaford, DE 19973

    Location Insight

    • Map
    • Local Demand
    City
    Seaford
    County
    Sussex
    State
    Delaware
    Longitude
    -75.6207
    Latitude
    38.6469

    Nearby Similar for Sale

    • $780,000

      Seaford Office Building For Sale

      Professional office building in prime location with expansion potential.
      924 MIDDLEFORD Road, SEAFORD, DE 19973
      View Details
    • $30,000

      Turnkey Bakery & Cafe Opportunity

      Established bakery and cafe in downtown Seaford, move-in ready.
      106 N CANNON Street, SEAFORD, DE 19973
      View Details
    • $290,000
      843 SF

      Seaford Duplex Near Nanticoke River

      Two-unit duplex in Seaford, close to the Nanticoke River.
      303 N FRONT Street, SEAFORD, DE 19973
      View Details
    • $280,000

      Seaford Office Building For Sale

      Professional office building in Seaford, DE, with on-site parking.
      26286 SEAFORD Road, SEAFORD, DE 19973
      View Details
    • $18
      12,738 SF

      Freestanding Building in Seaford Redevelopment

      Highly visible 12,738 SF building in mixed-use redevelopment.
      900 West Stein Highway, Seaford, DE 19973
      View Details
    • $399,900

      Office Space in Seaford, DE

      Office space with easy access and ample parking.
      602 N PORTER Street, SEAFORD, DE 19973
      View Details
    • $18
      12,738 SF

      Freestanding Building in Mixed-Use Development

      12,738 SF building suitable for retail, medical, or institutional use.
      900 West Stein Highway, Seaford, DE 19973
      View Details
    • $399,900

      Office Space with Easy Access

      Office space with convenient access and ample parking available for sale.
      602 N PORTER St, Seaford, DE 19973
      View Details
    • $280,000

      Professional Office Building with Parking

      Small office building suited for professional firms and service businesses.
      26286 SEAFORD Rd, Seaford, DE 19973
      View Details
    • $1,250,000
      4,800 SF

      Medical Office Investment Opportunity

      4,800 SF Medical office Building occupied by a nationally recognized tenant.
      800 HEALTH SERVICES DRIVE, SEAFORD, DE 19973
      View Details
    • $275,000

      Seaford Medical Office Space For Sale

      Class A medical office space in professional park, Seaford, DE.
      1350 Middleford Road Suite 502, Seaford, DE 19973
      View Details
    • $1,750,000

      Medical Office Complex For Sale

      Medical office complex with creditworthy tenants in Seaford, Delaware.
      500 HEALTH SERVICES Dr 501-503, Seaford, DE 19973
      View Details

    FAQs

    What type of property is this?
    Storefront property - NNN retail property with a long-term national credit tenant.
    Where is this storefront property located?
    The property is located at 701 N Porter St Seaford, DE.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Single, national credit tenant provides reliable income.; Absolute Net lease ensures hands‑free investment with tenant responsible for all expenses.; **11+ years remaining on the initial lease term offers long‑term stability.**
    (443) 614-4297 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matthew Trader
    Matthew Trader
    Real Estate License ID: 631428
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    701 N Porter St, Seaford, DE
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!