Retail Space in Anchored
For Sale
Contact for pricing
977 N DUPONT BOULEVARD, Milford, DE 19963
Shopping-center space offers direct US Route 113 access, on-site parking, and prominent signage opportunities.
Property Size8,500 SF
Price / SF$0.00
Days on Market50
Property Features for 977 N DUPONT BOULEVARD
General Information
Standard status
Active
Size
8,500 SF
Property subtype
Commercial
Building Details
Year Built
1996
Listing Agency:
Cape Realty
(302) 313-1236
Listed By:
Brent M Reed · License #RS-0036674
(302) 265-7400
Source:
Cummingsrealtors
Added: Aug 28
Changed: Oct 15
Last Checked: Oct 15 at 12:40AM
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 Cape Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8,500-square-foot retail space is part of Milford Commons, a shopping center built in 1996. The property includes access to center signage and parking, with exterior work underway that includes façade and stucco repairs, fresh paint, LED lighting, asphalt resurfacing, concrete repairs, landscaping, and additional site improvements.
Milford Commons is directly off US Route 113 at 977 N Dupont Boulevard in Milford, Delaware. Food Lion anchors the center, with Hibbett Sports and GNC also present; Walmart provides an additional shadow-anchor presence. The location is positioned within Milford’s primary retail corridor and is suited to retail, medical, fitness, and other commercial uses identified for the space.
Milford Commons is directly off US Route 113 at 977 N Dupont Boulevard in Milford, Delaware. Food Lion anchors the center, with Hibbett Sports and GNC also present; Walmart provides an additional shadow-anchor presence. The location is positioned within Milford’s primary retail corridor and is suited to retail, medical, fitness, and other commercial uses identified for the space.
Key Highlights
- 8,500‑square‑foot retail space at Milford Commons
- Food Lion anchor with Hibbett Sports and GNC in the center
- Walmart serves as a shadow anchor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,198
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,523,960
$1.5M
Cap Rate 7%
$1,088,543
$1.1M
Cap Rate 9%
$846,644
$846.6K
Market Conditions
NOI Build-Up for 8,500 SF
Gross rent
$117.3K $13.80/SF
− Vacancy
−$8.4K −$0.99/SF
EGI
$108.9K $12.81/SF
− OpEx
−$32.7K −$3.84/SF
NOI
$76.2K $8.96/SF
Area
Sussex County, DE
Vacancy
7.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,523,960
Cap Rate 7%
$1,088,543
Cap Rate 9%
$846,644
Alternative Uses
Best Use
Retail
$1.09M
$952.5K – $1.27M
NOI $76,198 @ 7.0% cap · market cap 507,986.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.34M
$2.04M – $2.73M
NOI $163,506 @ 7.0% cap · market cap 1,090,040.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
264k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Superstores 35%
Dining 13%
Groceries 9%
Walmart
Superstores
91,997 visits/mo
0.2 miles
Wawa
Shops & Services
70,697 visits/mo
0.2 miles
Food Lion Grocery Store
Groceries
23,120 visits/mo
0.0 miles
Dollar Tree
Shops & Services
17,696 visits/mo
0.1 miles
Burger King
Dining
15,506 visits/mo
0.1 miles
Demographics for 19963, DE
20,827
Population
10,300
Households
2
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
105.1 sq mi
ZIP Area
198
Density / Sq Mi
$65,420
Median Household Income
$40,157
Median Earnings
$1,161
Median Rent
$291,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Shopping-center space offers direct US Route 113 access, on-site parking, and prominent signage opportunities.
Where is this retail space located?
The property is located at 977 N DUPONT BOULEVARD Milford, DE.
What are key features of this property?
This property features: 8,500‑square‑foot retail space at Milford Commons; Food Lion anchor with Hibbett Sports and GNC in the center; Walmart serves as a shadow anchor
