Mixed-Use Building with Separate
For Sale
$600,000
80 GOVERNOR PRINTZ BOULEVARD, Claymont, DE 19703
Four-unit property combines street-level commercial space with two upstairs apartments and on-site parking.
Property Size2,057 SF
Price / SF$291.69
Days on Market9
Property Features for 80 GOVERNOR PRINTZ BOULEVARD
General Information
Standard status
Active
Size
2,057 SF
Property subtype
Commercial
Building Details
Year Built
1967
Listing Agency:
Innovations Realty
Listed By:
Kimberly Davis · License #RB0003213
(302) 292-1900
Source:
Cummingsrealtors
Added: Sep 14
Changed: Sep 21
Last Checked: Sep 21 at 7:03AM
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 Innovations Realty
Investment Insights
Based on property information with market context.
The property at 80 Governor Printz Boulevard contains 2,057 square feet and was built in 1967. Its four-unit layout includes two commercial spaces on the main level and two apartments above, with each unit accessed through a separate entrance. The one-bedroom apartment includes living, dining, and kitchen areas, a full bathroom, and laundry space. The two-bedroom apartment includes a kitchen, dining area, living room, deck, and Delaware River views. A parking lot serves the property.
Three units are occupied, while the event space is leased on an hourly basis. The building requires repairs and updating and is offered strictly in as-is condition. Access is convenient to I-495 and I-95, with Pennsylvania only minutes away. Buyers are responsible for confirming zoning, permitted uses, unit configuration, rental information, and other property details.
Three units are occupied, while the event space is leased on an hourly basis. The building requires repairs and updating and is offered strictly in as-is condition. Access is convenient to I-495 and I-95, with Pennsylvania only minutes away. Buyers are responsible for confirming zoning, permitted uses, unit configuration, rental information, and other property details.
Key Highlights
- Four‑unit mixed‑use property at 80 Governor Printz Boulevard
- 2,057 square feet; built in 1967
- Two main‑level commercial spaces and two upstairs apartments
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
$20,963
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
3.49%
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%
$419,260
$419.3K
Cap Rate 7%
$299,471
$299.5K
Cap Rate 9%
$232,922
$232.9K
Market Conditions
NOI Build-Up for 2,057 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
$39.0K $18.96/SF
− Vacancy
−$5.5K −$2.65/SF
EGI
$33.5K $16.31/SF
− OpEx
−$12.6K −$6.11/SF
NOI
$21.0K $10.19/SF
Area
New Castle County, DE
Vacancy
14.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
37.50%
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%
$419,260
Cap Rate 7%
$299,471
Cap Rate 9%
$232,922
Alternative Uses
Best Use
Mixed Use
$299.5K
$262.0K – $349.4K
NOI $20,963 @ 7.0% cap · market cap 3.49%
Second Best
Retail
$284.5K
$248.9K – $331.9K
NOI $19,914 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$492.0K
$430.5K – $574.0K
NOI $34,441 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Explore this area
Business Placement
Demographics for 19703, DE
16,175
Population
7,114
Households
2.3
Avg Household Size
37
Median Age
35%
College-Educated
94%
High-School Grad
4.0 sq mi
ZIP Area
4,044
Density / Sq Mi
$76,328
Median Household Income
$47,688
Median Earnings
$1,305
Median Rent
$266,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-unit property combines street-level commercial space with two upstairs apartments and on-site parking.
Where is this mixed-use property located?
The property is located at 80 GOVERNOR PRINTZ BOULEVARD Claymont, DE.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Four‑unit mixed‑use property at 80 Governor Printz Boulevard; 2,057 square feet; built in 1967; Two main‑level commercial spaces and two upstairs apartments
