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Property profile & analytics
FOR LEASE
Commercial real estate

38552 Sussex Hwy Delmar, DE 19940

3 ac lot
Entity Owned 8-yr Hold Free & Clear
Property ID
US17-0385463
Property summary
AI-generated overview

This exceptional commercial property, located at 38552 Sussex Highway in Delmar, Delaware, presents a unique opportunity for businesses seeking high visibility and convenient access. Situated on the Route 13 retail corridor, alongside established regional healthcare providers TidalHealth and NovaCare, this location boasts excellent visibility and direct highway access. The property offers flexible leasing and build-out options, catering to a diverse range of tenants. Currently, approximately 2,000 square feet of unfinished shell space is available within the existing building, allowing for complete customization of the floor plan and finishes to perfectly suit a tenant's specific needs. Furthermore, a fully approved and permitted 10,000 square foot pad site with a pre-existing foundation is ready for immediate development, presenting a prime build-to-suit opportunity. This location is ideal for retail, office, or flex users. Lease rates for the vanilla shell space begin at $16 per square foot, triple net (NNN). The property is located in the sales tax-free state of Delaware, offering significant financial advantages. The landlord is highly motivated to lease the space and welcomes offers. This is a rare opportunity to secure a prime commercial location with exceptional flexibility and visibility.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 3 ac (130,680 SF)
Zoning code C-1
APN 532-20.00-87.00
UPID US17-0385463
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • TidalHealth Primary Care Medical Clinic
  • Khalil Gorgui, MD Physician
  • NovaCare Rehabilitation - Delmar Medical Clinic
  • Wendy Corkran, APRN Physician
  • Dr. Makondo Shimukowa Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Devreco Camden LLC · 8 yrs held
Devreco Camden LLC
since 2017
3 recorded transactions
2025
Price N/A
2020
Price N/A
2017
$327,000
Zoning & alternative use
C-1 · Delmar, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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