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    5298 Dupont Hwy Dover, DE 19901

    Sponsored
    For Sale
    $1,550,000

    High-yield Delaware flex space, 100% occupied.

    Property size:
    5,827 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully leased, 5,827 square foot flex space property located at 5298 S Dupont Hwy, Dover, DE 19901. The property, situated on a 4.16-acre lot, boasts three single-story buildings constructed in 1953 and renovated in 2009. Currently operating under a Net Lease agreement with a corporate-guaranteed tenant, the lease commenced September 1, 2021, and has a remaining term of approximately 1.8 years, expiring August 31, 2026. The lease includes 2% annual rent bumps. The property features four dock-high doors, providing ample access for loading and unloading. The zoning permits Business General and Agricultural/Residential uses. With a current Net Operating Income (NOI) of $107,369 and an asking price of $1,550,000, this property offers a compelling 6.93% cap rate. The property's strategic location on busy Route 13 Dupont Highway, with approximately 30,000 vehicles passing daily, ensures high visibility and accessibility. The fenced lot provides additional outdoor storage space. The warehouse roof is metal, and the retail building roof was replaced in December 2017. The tenant is responsible for all operating expenses except roof and structure maintenance. This is a rare opportunity to acquire a well-maintained, high-performing industrial property in a prime Delaware location. The property's strong tenant, long-term lease, and attractive cap rate make it an ideal addition to any investment portfolio.

    Property Features for 5298 Dupont Hwy

    General Information

    Property type
    Flex space
    Square Feet
    5,827 SF
    Class
    B
    Lot Size
    181,210 SF

    Building Details

    Year Built/Renovated
    1953/2009
    Buildings
    3
    Stories
    1

    HighLights

    • Fully leased 5,827 SF flex space on 4.16 acres in Dover, DE.
    • Net lease with corporate‑guaranteed tenant; lease expires August 31, 2026, with 2% annual rent increases.
    • $1,550,000 asking price; $107,369 NOI; 6.93% cap rate.
    • Features four dock‑high doors, fenced lot, and high visibility on Route 13 (approx. 30,000 VPD).
    • Landlord responsible only for roof and structure maintenance; tenant pays all other operating expenses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tri-Supply & Equipment Building Materials Supplier Tri-Supply Building Materials Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dover
    County
    Kent
    State
    Delaware
    Longitude
    -75.5536665
    Latitude
    39.0738534

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    FAQs

    What type of property is this?
    Flex space - High-yield Delaware flex space, 100% occupied.
    Where is this flex space located?
    The property is located at 5298 Dupont Hwy Dover, DE.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: Fully leased 5,827 SF flex space on 4.16 acres in Dover, DE.; Net lease with corporate-guaranteed tenant; lease expires August 31, 2026, with 2% annual rent increases.; $1,550,000 asking price; $107,369 NOI; 6.93% cap rate.
    Request Owner's contact information
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    Dover, DE 19901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5298 Dupont Hwy Dover, DE 19901
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