Versatile Commercial Property on
719 S DUPONT Blvd, Milford, DE 19963
For Sale
$625,000
Two buildings totaling 4,408 SF on a sizable lot.
Property Size4,408 SF
Lot Size0.95 Acres
Price / SF$141.79
Days on Market244
Property Features for 719 S DUPONT Blvd
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Units
Listing Agency:
R&R Commercial Realty
Listed By:
Marie Biro · License #0039620
(302) 981-5579
Source:
Elliman
Added: Mar 10
Changed: Aug 22
Last Checked: Aug 22 at 10:10AM
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
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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 / Yr
$39,515
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
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
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 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.
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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
$291,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Sussex County, DE
Properties on Market for Retail space in Sussex County
Vacancy Rate% for Office in South region
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).
