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    Delmar De Delmar, DE 19940
    Property profile & analytics

    Delmar De, Delmar, DE 19940

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    • Strip malls
    • 42,000 SF
    • 14.81 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 0 Delmar De

    Year built
    2025
    Lot size
    14.81 lot acres
    Property type
    Strip malls
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional Class A retail strip center, totaling 42,000 square feet, presents a unique investment opportunity in Delmar, Delaware. Located on Route 13, this new development, slated for completion in Fall 2025, boasts a prime location designed to attract high traffic volume. The 14.81-acre site offers ample space, including the potential for outdoor seating, and features over 350 parking spaces for customer convenience. The single-story building is zoned AR-1 and offers flexible leasing options, accommodating spaces ranging from 1,000 to 42,000 contiguous square feet. Currently, the entire 42,000 square feet is available for lease. Modern design and amenities are incorporated throughout, making this an ideal location for a variety of businesses, from national chains to local enterprises. The property's strategic location on Route 13 ensures high visibility and easy accessibility, promising significant growth potential for tenants. This is a rare opportunity to secure space in a brand-new, high-traffic retail center in a thriving Sussex County market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Delmar
    County
    Sussex
    State
    Delaware
    Longitude
    -75.5582
    Latitude
    38.4668

    Comparable in this City

    • Value Estimation by Request
      42,900 SF

      US-13 Alt

      Neighborhood centers
      US-13 Alt, Delmar, DE 19940
      View Details
    • Value Estimation by Request
      14.81 Acres

      Rt 13

      Retail properties & Spaces
      Rt 13, Delmar, DE 19940
      View Details
    • Value Estimation by Request
      51.51 Acres

      13 Northbound

      Land
      13 Northbound, Delmar, DE 19940
      View Details
    • Value Estimation by Request
      23.37 Acres

      Delmar, DE 19940

      COMMERCIAL (GENERAL)
      Delmar, DE 19940
      View Details
    • Value Estimation by Request
      0.19 Acres

      Delmar, DE 19940

      COMMERCIAL (GENERAL)
      Delmar, DE 19940
      View Details
    • Value Estimation by Request
      0.03 Acres

      2 Grv St

      COMMERCIAL (GENERAL)
      2 Grv St, Delmar, DE 19940-1115
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14.81 Acres

      Delmar Retail Center: Prime Location

      New Retail Development, High Traffic, Flexible Leasing
      Rt 13, Delmar, DE 19940
      View Details
    • Contact for pricing

      Prime Retail/Office/Flex Space Available

      Highway frontage, customizable space, and build-to-suit options available.
      Sussex Hwy, Delmar, DE 19940
      View Details
    • $2,500,000
      656 SF

      Delmar Land for Sale

      656 Acres of land available in Delmar, Delaware.
      35811 Providence Church Rd, Delmar, DE 19940
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,725 SF

      Prime Retail Space Available

      Retail space available in Delmar Commons shopping center.
      38627 Benro Dr, Delmar, DE 19940
      View Details
    • $1,800 /Mo

      Renovated Office or Retail Space

      Newly renovated 1800 sq ft office or retail space.
      501 N Bi State Blvd, Delmar, DE 19940
      View Details
    • Contact for pricing

      Retail/Office/Flex Space on Highway

      Retail, office, or flex space with highway visibility and access.
      38552 Sussex Hwy, Delmar, DE 19940
      View Details
    • $1,800 /Mo

      Renovated Office or Retail Space

      Newly renovated 1800 sq ft office/retail space with parking.
      501 N Bi State Blvd, Delmar, DE 19940
      View Details
    • Contact for pricing

      Commercial Warehouse Unit For Lease

      Secure, gated warehouse unit with 24/7 access and private bathroom.
      38377 E Old Stage Rd, Delmar, DE 19940
      View Details
    • $10 SF/Yr

      Versatile Warehouse Space For Lease

      4.66-acre property with 6,000 sq ft warehouse for lease.
      9320 Old Racetrack Rd, Delmar, DE 19940
      View Details
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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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