Versatile Commercial Property on
For Sale
$625,000
719 S DUPONT Blvd, Milford, DE 19963
Two buildings totaling 4,408 SF on a sizable lot.
Property Size4,408 SF
Lot Size0.95 Acres
Price / SF$141.79
Days on Market153
Property Features for 719 S DUPONT Blvd
General Information
Standard status
Active
Size
4,408 SF
Lot size
0.95 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,138
Building Details
Year Built
1954
Units
2
Listing Agency:
R&R Commercial Realty
(302) 981-5579
Listed By:
Marie Biro · License #RS-0014425
(302) 981-5579
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 2:00PM
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 Commercial Realty
Investment Insights
Based on property information with market context.
This commercial property is located on S Dupont Blvd (US-113) in Milford, DE. The C-3 zoned property includes two buildings with a total area of 4,408 square feet. The front building offers 2,208 square feet of space suitable for retail, office, or service-oriented businesses, featuring road frontage. The rear building provides 2,200 square feet, ideal for storage, light industrial use, or business expansion. Ample parking is available on the lot. The location is suitable for an owner-user or investor seeking exposure in a growing commercial area. It is located minutes from Route 1 and downtown Milford.
Key Highlights
- Prime commercial location on heavily trafficked S Dupont Blvd (US‑113).
- C‑3 zoning offers versatile usage options.
- Two buildings totaling over 4,408± SF (2,208 SF front, 2,200 SF rear).
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
$39,515
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
6.32%
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%
$790,300
$790.3K
Cap Rate 7%
$564,500
$564.5K
Cap Rate 9%
$439,056
$439.1K
Market Conditions
NOI Build-Up for 4,408 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
$60.8K $13.80/SF
− Vacancy
−$4.4K −$0.99/SF
EGI
$56.5K $12.81/SF
− OpEx
−$16.9K −$3.84/SF
NOI
$39.5K $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 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%
$790,300
Cap Rate 7%
$564,500
Cap Rate 9%
$439,056
Alternative Uses
Best Use
Office B
$988.5K
$864.9K – $1.15M
NOI $69,192 @ 7.0% cap · market cap 11.07%
Second Best
Retail
$564.5K
$493.9K – $658.6K
NOI $39,515 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,792 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
Business Placement
Demographics for 19963, DE
20,827
Population
10,300
Households
2
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
105.1 sq mi
ZIP Area
198
Density / Sq Mi
$65,420
Median Household Income
$40,157
Median Earnings
$1,161
Median Rent
$291,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Two buildings totaling 4,408 SF on a sizable lot.
Where is this retail space located?
The property is located at 719 S DUPONT Blvd Milford, DE.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Prime commercial location on heavily trafficked S Dupont Blvd (US‑113).; C‑3 zoning offers versatile usage options.; Two buildings totaling over 4,408± SF (2,208 SF front, 2,200 SF rear).
