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    Corner Retail Store in Shopping Center Title is generated by Realmo AI

    99 HARVEY Road, Claymont, DE 19703

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    For Lease
    $2,600 /Mo

    CommercialLease - CLAYMONT, DE

    Type:Retail
    Added:
    Nov 13, 2025
    Days on Market:
    202
    Last Refresh:
    Jun 3 at 6:06 am

    Property Features for 99 HARVEY Road

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Ductless

    Building Details

    Year built
    1983
    Building materials
    Brick Front

    We can help!

    Listing Contact
    Cailey S Dean

    Listing agent Cailey S Dean License #RA-0020898

    Listing office Premier Realty Inc 2301 W Newport Pike, Wilmington, DE

    Listing date Nov 13, 2025

    MLS# DENC2093166

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Commercial space in the Town and Country Shopping Center on the corner of Harvey Rd and Philadelphia Pike
    • Brick‑front construction; built in 1983
    • Ductless cooling and “Other” heating
    • Previously used as a deli and can be used for general business use
    • Plenty of parking for customers and visitors
    • Tenant pays utilities, trash service, and business and contents insurance; landlord covers common area maintenance, property taxes, and property insurance

    Overview

    This ground-floor retail storefront is located within the Town and Country Shopping Center and configured for a flexible in-line business setup. The space was previously used as a deli, and it can be adapted for general business use. Tenants are responsible for utilities, trash service, and business and contents insurance, while the landlord covers common area maintenance, property taxes, and property insurance.

    The unit sits on a corner within the shopping center at Harvey Rd and Philadelphia Pike, providing convenient access to the center. The location is close to major highways, which can support visibility and drive-by convenience for everyday retail and service traffic. Plenty of parking is available for customers.

    For retailers, service providers, and other general business users seeking a straightforward storefront arrangement, this space offers an established shopping-center setting with practical operating expense structure. The combination of corner positioning within the center and on-site parking can make the location a strong fit for a business looking to serve the surrounding area without complex logistics.
    Property Profile Location Intelligence

    Current Use by Public Records

    Richards Delicatessen Food Market Wells Fargo ATM Atm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Claymont
    County
    New Castle
    State
    Delaware
    Longitude
    -75.46914
    Latitude
    39.79527

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    FAQs

    What type of property is this?
    Storefront property - Ground-floor storefront in a shopping center with ample parking, suited for general business use.
    Where is this storefront property located?
    The property is located at 99 HARVEY Road Claymont, DE.
    What is the lease rate?
    The lease rate is $2,600 /Mo.
    What are key features of this property?
    This property features: Commercial space in the Town and Country Shopping Center on the corner of Harvey Rd and Philadelphia Pike; Brick‑front construction; built in 1983; Ductless cooling and “Other” heating
    (302) 633-6970
    We can help!
    Listing Contact
    Cailey S Dean
    Real Estate License ID: RA-0020898
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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