772 Pulaski Hwy, Bear, DE 19701

Listing Agency: LMT Commercial Realty / CORFAC International Show Phone

Listed By: Joe Latina Show Phone

Source: Moodyscre

Added: Apr 21 Changed: Nov 1 Last Checked: Nov 6 at 10:11AM

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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 LMT Commercial Realty / CORFAC International

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The property includes two freestanding buildings: a 4,639 +/- SF building with an open showroom layout and an additional 2,160 +/- SF building currently used as a car dealership. Together, the buildings are supported by ample parking to accommodate customer traffic.

The site benefits from excellent visibility and signage along Route 40, with easy access to Route 1 and I-95 and the surrounding communities.

For buyers seeking flexible on-site options, the combination of open showroom space and an existing dealership configuration can support multiple retail-oriented uses, subject to applicable approvals.

Key Highlights

• Two freestanding buildings with showroom‑style space, including one currently used as a car dealership
• 4,639 +/- SF freestanding building with an open showroom layout
• 2,160 +/- SF freestanding building currently used as a car dealership

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$65,821

Cap Rate

2.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,316,420 $1.3M

Cap Rate 7%

$940,300 $940.3K

Cap Rate 9%

$731,344 $731.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,799 SF

Gross rent

$102.0K $15.00/SF

− Vacancy

−$8.0K −$1.17/SF

EGI

$94.0K $13.83/SF

− OpEx

−$28.2K −$4.15/SF

NOI

$65.8K $9.68/SF

Area

New Castle County, DE

Vacancy

7.80%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,316,420

Cap Rate 7%

$940,300

Cap Rate 9%

$731,344

Alternative Uses

Best Use

Retail

$940.3K

$822.8K – $1.10M (±1% cap)

NOI $65,821 @ 7.0% cap · market cap 2.99%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.63M

$1.42M – $1.90M (±1% cap)

NOI $113,838 @ 7.0% cap · market cap 5.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Capitol Title Loans Loan Service Certified Motors Car Dealership You Get More ... Car Dealership

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

228

Businesses Nearby

58k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 69% Shops & Services 27% Hotels & Casinos 3% Electronics 1%

Texas Roadhouse Dining

33,761 visits/mo 0.4 miles

Shell Shops & Services

11,594 visits/mo 0.3 miles

Domino's Pizza Dining

6,032 visits/mo 0.1 miles

AutoZone Shops & Services

3,823 visits/mo 0.5 miles

Best Western Plus Newark/Christiana Inn Hotels & Casinos

1,660 visits/mo 0.4 miles

Demographics for 19701, DE

42,717

Population

17,368

Households

2.5

Avg Household Size

41

Median Age

35%

College-Educated

92%

High-School Grad

26.6 sq mi

ZIP Area

1,606

Density / Sq Mi

$107,856

Median Household Income

$56,431

Median Earnings

$1,732

Median Rent

$337,800

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Similar For Sale Nearby

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1890 Pulaski Hwy, Bear, DE 19701

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$1,290,000

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Retail Space in Bear, Delaware

146 Fox Hunt Drive, Bear, DE 19701

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120,444 SF

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Similar Off Market Nearby

• Lowe's Home Improvement — 1030 E Songsmith Dr, Bear, DE 19701

Frequently Asked Questions

What type of property is this?

Showroom - Two freestanding buildings offer showroom-style space and a car dealership use with strong roadside visibility.

Where is this showroom located?

The property is located at 772 Pulaski Hwy Bear, DE.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: Two freestanding buildings with showroom‑style space, including one currently used as a car dealership; 4,639 +/- SF freestanding building with an open showroom layout; 2,160 +/- SF freestanding building currently used as a car dealership