Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Towne Center Blvd & Dupont Blvd Millsboro, DE 19966

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail space available in new Peninsula Crossing development.

    Type:Retail
    Added:
    Nov 21, 2025
    Days on Market:
    133
    Last Refresh:
    Apr 1 at 10:15 pm

    Property Features for Towne Center Blvd & Dupont Blvd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Properties For Sale

    at Towne Center Blvd & Dupont Blvd Contact us

    We can help!

    Listing Contact
    Glenn Marvin

    Listing agent Glenn Marvin

    Listing office

    Listing date Nov 21, 2025

    Source Metrocommercial

    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 Glenn Marvin

    Overview

    Peninsula Crossing Retail Development Opportunity

    Phase III of the Peninsula Crossing development offers retail opportunities. Up to 7,247 square feet of space is available for lease. The property is located at Towne Center Blvd & Dupont Blvd, Millsboro, DE 19966 and is anchored by Weis.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Map

    City
    Millsboro
    County
    Sussex
    State
    Delaware
    Longitude
    -75.3072
    Latitude
    38.5762

    Nearby Similar for Sale

    • Sponsored
      $399,000
      3,800 SF

      Serendipity

      Established waterfront restaurant with Indian River views and expansion potential.
      32850 River Rd, Millsboro, DE 19966
      View Details
    • $999,999
      3,000 SF

      Millsboro Multifamily Investment Opportunity

      Six-unit apartment building in Millsboro, Delaware for sale.
      28420 DELAWARE AVENUE, MILLSBORO, DE 19966
      View Details
    • $434,500
      1,894 SF

      Renovated Condo with Golf Views

      Luxury condo in gated community with golf course and nature views.
      33570 WINDSWEPT DRIVE 3301, MILLSBORO, DE 19966
      View Details
    • Contact for pricing
      9,867 SF

      New Self-Storage and Office Complex

      314-unit storage and office complex near future interchange.
      24077 Country Living Rd, Millsboro, DE 19966
      View Details
    • $295,000
      620 SF

      Millsboro Townhouse Near Coastal Activities

      Spacious townhouse near beaches, recreation, and entertainment.
      26767 CHATHAM LANE, MILLSBORO, DE 19966
      View Details
    • $2,200,000
      3,300 SF

      Chase Bank NNN Ground Lease

      Single-tenant Chase Bank in Millsboro, DE with new 15-year lease.
      26500 Victorias Landing Rd, Millsboro, DE 19966
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Grocery Anchored Center

      2,400 SF endcap in a high-traffic shopping center.
      24832 John J. Williams Highway, Millsboro, DE 19966
      View Details
    • $999,999
      3,000 SF

      Millsboro Multifamily Investment Opportunity

      Six-unit apartment building in Millsboro, Delaware, priced to sell.
      28420 Delaware Ave, Millsboro, DE 19966
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in new Peninsula Crossing development.
    Where is this shopping center located?
    The property is located at Towne Center Blvd & Dupont Blvd Millsboro, DE.
    What are key features of this property?
    This property features: New Development: Phase III of Peninsula Crossing.; Market Aerial: Location offers high visibility and accessibility.; Up to 7,247 SF Available: Suitable for various business sizes and needs.
    (610) 260-2674
    We can help!
    Listing Contact
    Glenn Marvin
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!