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    Property profile & analytics

    Sussex Hwy Bridgeville, DE 19933

    • Land
    • 11.51 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Sussex Hwy

    Lot size
    11.51 lot acres
    Property type
    Land

    Description

    This exceptional 11.51-acre commercial land parcel presents a unique investment opportunity in the thriving town of Bridgeville, Delaware. Located at 0 N Sussex Hwy, this property boasts a highly desirable C1 zoning designation, opening doors to a wide array of commercial development possibilities. The expansive lot size provides ample space for various projects, from retail centers and office buildings to light industrial facilities. With a sale price of $62,000 per acre, this represents a compelling value in a rapidly growing market. The property's strategic location offers convenient access to both downtown Bridgeville and the nearby town of Seaford, ensuring high visibility and excellent accessibility for potential businesses. The existing infrastructure includes 54 parking spaces, providing ample parking for employees and customers. This prime commercial land is ready for immediate development, making it an ideal investment for both seasoned developers and forward-thinking entrepreneurs seeking a foothold in a dynamic Delaware market. The property's address is 0 N Sussex Hwy, Bridgeville, DE 19933, situated in Sussex County. Detailed zoning information and site plans are available upon request. Don't miss this chance to acquire a significant piece of commercial real estate in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeville
    County
    Sussex
    State
    Delaware
    Longitude
    -75.5913
    Latitude
    38.7299

    Comparable in this City

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      1.82 Acres

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      8.00 Acres

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      20.83 Acres

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      3.78 Acres

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      COMMERCIAL (GENERAL) • 3.78 Acres
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      10.40 Acres

      Bridgeville, DE 19933

      COMMERCIAL (GENERAL) • 10.40 Acres
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    Similar Nearby for Sale

    • Contact for pricing
      11.51 Acres

      Prime Bridgeville Commercial Land

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      0 Sussex Hwy, Bridgeville, DE 19933
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      1.80 Acres

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      Land For Sale

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    Similar Nearby for Lease

    • $12 SF/Yr

      New Construction Flex Space Available

      New flex space for rent, early 2026 delivery.
      Sussex Ave, Bridgeville, DE 19933
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      Specialty Property for Rent

      Specialty property available for rent in Bridgeville, Delaware.
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    • $12 SF/Yr

      Office and Warehouse Space Available

      Office and warehouse space for lease at $12.00 PSF.
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      New Industrial Construction For Lease

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    • $12 SF/Yr

      Office and Warehouse Space Available

      Office and warehouse space for lease at $12.00 PSF, NNN.
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    • Contact for pricing
      9,600 SF

      Bridgeville Warehouse with Flexible Space

      9,600 SF warehouse with office and storage space.
      16219 Sussex Hwy, Bridgeville, DE 19933
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    Sussex Hwy
    Bridgeville, DE 19933
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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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