Freestanding Retail Showroom
For Sale
Contact for pricing
772 Pulaski Hwy, Bear, DE 19701
Two freestanding buildings offer showroom-style space and a car dealership use with strong roadside visibility.
Property Size6,799 SF
Price / SF$323.58
Days on Market147
Property Features for 772 Pulaski Hwy
General Information
Standard status
Active
Size
6,799 SF
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
LMT Commercial Realty / CORFAC International
(302) 414-1000
Listed By:
Joe Latina
(302) 530-1233
Source:
Moodyscre
Added: Apr 21
Changed: Aug 14
Last Checked: Sep 14 at 7:47AM
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
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.
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 = 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
$65,821
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
2.99%
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%
$1,316,420
$1.3M
Cap Rate 7%
$940,300
$940.3K
Cap Rate 9%
$731,344
$731.3K
Market Conditions
NOI Build-Up for 6,799 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
$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 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%
$1,316,420
Cap Rate 7%
$940,300
Cap Rate 9%
$731,344
Alternative Uses
Best Use
Retail
$940.3K
$822.8K – $1.10M
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
NOI $113,838 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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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
