320 Mullet Run Milford, DE 19963
This exceptional 16,064 square foot flex space industrial property at 320 Mullet Run in Milford, Delaware (zip code 19963) offers 11 available suites, ranging from a minimum of 1,424 square feet to a maximum contiguous space of 16,064 square feet. The property, built in 2024, consists of three single-story buildings and provides ample parking with 30 total spaces. The flexible layout caters to diverse business needs, making it ideal for a variety of uses. Located in a prime location with excellent access to major transportation routes (Route 113, Route 15, and Route 14), this property benefits from its strategic position between north-south and east-west corridors in lower Delaware. The zoning is BP. The complex enjoys a desirable location near the Milford Business Complex and Independence Commons, which includes the Delaware Veterans Home, Delaware Hospice, the Greater Milford Boys and Girls Club, and several office buildings. Currently, all 16,064 square feet are vacant and ready for immediate occupancy. Individual units range from 1,424 to 12,816 square feet, with two additional units ranging from 1,624 to 3,248 square feet available for lease at $1,624 per month each. Each unit includes a common area maintenance (CAM) charge of $1.60 per square foot. All units feature roll-up doors. The property is expected to be fully leased within the next month.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.