Three-Story Main Street
For Sale
Contact for pricing
77 E Main St, Newark, DE 19711
Office space with multiple offices, a loft, kitchen, and two full baths in the University of Delaware campus area.
Property Size11,578 SF
Price / SF$215.93
Days on Market392
Property Features for 77 E Main St
General Information
Standard status
Active
Size
11,578 SF
Property subtype
OFFICE
Building Details
Stories
3
Listing Agency:
SB Real Estate
(302) 559-7191
Listed By:
Alec Georigi · License #RS0026269
Source:
Moodyscre
Added: Jul 11, 2025
Changed: Jul 31
Last Checked: Aug 5 at 10:06AM
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 SB Real Estate
Investment Insights
Based on property information with market context.
This 11,578-square-foot office space occupies three stories and features windows overlooking Main Street. The layout includes multiple offices, a loft with two large rooms, a kitchen, and two full baths. One bathroom is positioned at the front of the second floor, while the other is located at the rear of the third floor.
The property is located at 77 E Main St in Newark, Delaware, in the heart of the University of Delaware campus. Its Main Street setting provides a central campus-area address for office use.
The property is located at 77 E Main St in Newark, Delaware, in the heart of the University of Delaware campus. Its Main Street setting provides a central campus-area address for office use.
Key Highlights
- 11,578 SF three‑story office space
- Windows overlooking Main Street
- Multiple offices and a loft with 2 large rooms
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $261.2k | $22.56 |
| − Vacancy | −$50.9k | −$4.40 |
| EGI | $210.3k | $18.16 |
| − OpEx | −$52.6k | −$4.54 |
| NOI | $157.7k | $13.62 |
11,578 SF · lease $22.56/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.25M
$1.97M – $2.63M
NOI $157,699 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.77M
$2.42M – $3.23M
NOI $193,855 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,833
Businesses Nearby
Explore this area
Business Placement
Demographics for 19711, DE
48,477
Population
20,617
Households
2.4
Avg Household Size
37
Median Age
53%
College-Educated
95%
High-School Grad
27.4 sq mi
ZIP Area
1,769
Density / Sq Mi
$94,455
Median Household Income
$43,790
Median Earnings
$1,516
Median Rent
$376,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office space with multiple offices, a loft, kitchen, and two full baths in the University of Delaware campus area.
Where is this office building located?
The property is located at 77 E Main St Newark, 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: 11,578 SF three‑story office space; Windows overlooking Main Street; Multiple offices and a loft with 2 large rooms
