Building Details

Year Built 2023

Listing Agency: Keller Williams Realty Central-Delaware c***@gmail.com

Listed By: Doreen E Irwin · License #RB-0031284 Show Phone

Source: Cummingsrealtors

Added: Oct 19 Changed: Oct 21 Last Checked: Oct 21 at 2:11AM

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Investment Insights

Based on property information with market context.

This 1,250-square-foot warehouse property was built in 2023 and is zoned BG. Its stated use restrictions exclude mechanics and high-traffic businesses.

The property is located on Route 13 in Felton, Delaware.

Key Highlights

• 1,250‑square‑foot warehouse property
• Built in 2023
• BG zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,243

Suggested Prices Based on Cap Rates

Cap Rate 5%

$344,860 $344.9K

Cap Rate 7%

$246,329 $246.3K

Cap Rate 9%

$191,589 $191.6K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,250 SF

Gross rent

$20.7K $16.56/SF

− Vacancy

−$414 −$0.33/SF

EGI

$20.3K $16.23/SF

− OpEx

−$3.0K −$2.43/SF

NOI

$17.2K $13.79/SF

Area

Kent County, DE

Vacancy

2.00%

Lease Rate

$16.56 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$344,860

Cap Rate 7%

$246,329

Cap Rate 9%

$191,589

Alternative Uses

Best Use

Warehouse

$246.3K

$215.5K – $287.4K (±1% cap)

NOI $17,243 @ 7.0% cap · market cap 1,326.38%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$314.8K

$275.4K – $367.2K (±1% cap)

NOI $22,033 @ 7.0% cap · market cap 1,694.85%

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

Property Analytics

Current Use

Extreme Promotions (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Auto Repair Shop Big Box & Wholesale Store Auto Parts Store

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

Paved road access

Location Intelligence

Trade Area within ½ mile

59

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 19943, DE

12,523

Population

5,807

Households

2.2

Avg Household Size

42

Median Age

31%

College-Educated

90%

High-School Grad

62.4 sq mi

ZIP Area

201

Density / Sq Mi

$77,247

Median Household Income

$43,559

Median Earnings

$1,262

Median Rent

$287,200

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Similar Off Market Nearby

• Sentinel Self Storage - Felton, DE — 9852 S Dupont Hwy, Felton, DE 19943

Frequently Asked Questions

What type of property is this?

Warehouse - The BG-zoned property is suited to business uses that do not involve vehicle repair or heavy traffic.

Where is this warehouse located?

The property is located at 9774 S DUPONT HIGHWAY Felton, DE.

What are key features of this property?

This property features: 1,250‑square‑foot warehouse property; Built in 2023; BG zoning