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    For Sale (26)

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    Pond Front Land in Lincoln
    $279,900
    1.12 Acres

    Pond Front Land in Lincoln

    Residential land with pond views, near beaches and state park.

    Cedar Creek Rd, Lincoln, DE 19960
    View details
    Waterfront Land on Haven Lake
    $600,000
    1.30 Acres

    Waterfront Land on Haven Lake

    1.26 acre waterfront lot with lake access in Milford.

    13 Lake Crest Dr, Milford, DE 19963
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    Restaurant Opportunity on Rehoboth Avenue
    $349,000
    0.32 Acres

    Restaurant Opportunity on Rehoboth Avenue

    Turn-key restaurant with parking in downtown Rehoboth Beach.

    251 Rehoboth Avenue Ext, Rehoboth Beach, DE 19971
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    Prime Commercial Land in Bridgeville
    $6,000,000
    20.20 Acres

    Prime Commercial Land in Bridgeville

    20.2 acres with extensive road frontage in growing area.

    Sussex Hwy, Bridgeville, DE 19933
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    56.37 Acres Development Potential
    $3,382,200
    56.37 Acres

    56.37 Acres Development Potential

    Land in fast-growing Milford corridor with development potential.

    56.37 Acres Sharps Rd, Milford, DE 19963
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    Commercial Land on DuPont Boulevard
    $549,000
    0.91 Acres

    Commercial Land on DuPont Boulevard

    0.91 acre commercial land with frontage on two streets.

    Dupont Blvd, Millsboro, DE 19966
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    Water View Lot in Millsboro
    $220,000
    0.74 Acres

    Water View Lot in Millsboro

    Residential land with water views, close to town and resorts.

    26532 Jersey Rd, Millsboro, DE 19966
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    Georgetown Land on Dupont Highway
    $450,000
    3.00 Acres

    Georgetown Land on Dupont Highway

    3 acres of residential land with high visibility.

    33 N Dupont Hwy, Georgetown, DE 19947
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    Selbyville Land with Development Potential
    $750,000
    7.47 Acres

    Selbyville Land with Development Potential

    7.47 acres near resort areas with subdivision potential.

    37214 Hudson Rd, Selbyville, DE 19975
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    Residential Lot in Millsboro, DE
    $94,900
    0.45 Acres

    Residential Lot in Millsboro, DE

    Residential lot with easy access to amenities and beaches.

    219 Irons Ave, Millsboro, DE 19966
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    Residential Land Near Downtown Milton
    $189,000
    0.82 Acres

    Residential Land Near Downtown Milton

    0.82 acre lot near beaches, schools, shopping, and medical.

    13217 Sunland Dr, Milton, DE 19968
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    Rare Ocean View Vacant Lot
    $3,600,000
    0.23 Acres

    Rare Ocean View Vacant Lot

    Exceptional location, steps from private beach, potential bay views.

    9 Hall Ave, Rehoboth Beach, DE 19971
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    Residential Land in Millsboro, DE
    $109,900
    0.25 Acres

    Residential Land in Millsboro, DE

    Vacant lot suitable for stick-built or modular home in Millsboro.

    30802 Friendship Rd, Millsboro, DE 19966
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    Vacant Lot in Millsboro, DE
    $129,999
    0.34 Acres

    Vacant Lot in Millsboro, DE

    Vacant lot suitable for stick-built or modular home.

    Congress Rd, Millsboro, DE 19966
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    Lewes Land Opportunity
    $569,900
    0.23 Acres

    Lewes Land Opportunity

    Homesite near Lewes Beach, Cape Henlopen State Park.

    91 Filly Ln, Lewes, DE 19958
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    Lewes Office Space: Prime Location
    $499,000
    900 SF

    Lewes Office Space: Prime Location

    Beachfront Office, Income Producing, Updated

    110 Anglers Rd, Lewes, DE 19958
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    Chappell Farm: Prime Development Site
    $9,950,000
    14.92 Acres

    Chappell Farm: Prime Development Site

    Rare Delaware development opportunity: commercial & residential.

    30511 Cave Neck Rd, Milton, DE 19968
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    Millsboro Commercial Land Opportunity
    $549,000
    0.91 Acres

    Millsboro Commercial Land Opportunity

    Prime Route 113 Vacant Land

    Dupont Blvd, Millsboro, DE 19966
    View details
    Millsboro Mixed-Use Property - 4.72 Acres
    $999,000
    7,200 SF

    Millsboro Mixed-Use Property - 4.72 Acres

    Spacious Mixed-Use Property, 7200 sq ft, 4.72 acres

    32605 Millsboro Hwy, Millsboro, DE 19966
    View details
    Commercial Property with Residential Structure
    $975,000

    Commercial Property with Residential Structure

    Half-acre commercial property with existing home and business potential.

    17548 Shady Rd, Lewes, DE 19958
    View details
    Available Flex Space with Office
    Contact for pricing
    53,000 SF

    Available Flex Space with Office

    Flex space with office and highway access for sale.

    10312 W 79 St, Shawnee, KS 66214
    View details
    Land For Sale in Milton
    $169,000

    Land For Sale in Milton

    Land available in Milton, Delaware.

    109 Hazzard Ln, Milton, DE 19968
    View details
    Approved Commercial and Residential Site
    $6,500,000

    Approved Commercial and Residential Site

    Approved site plan for commercial and residential development.

    30511 Cave Neck Rd, Milton, DE 19968
    View details
    22-Space Parking Lot For Sale
    $2,200,000

    22-Space Parking Lot For Sale

    Parking lot adjacent to hotels in Rehoboth Beach, Delaware.

    10 Christian St, Rehoboth Beach, DE 19971
    View details
    Commercial Vacant Land on Highway
    $1,100,000

    Commercial Vacant Land on Highway

    Prime location between Rehoboth and Dewey Beach with endless possibilities.

    1 Old Bay Rd, Rehoboth Beach, DE 19971
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    Rehoboth Beach High Seas Motel
    $4,200,000

    Rehoboth Beach High Seas Motel

    Commercial property with 32 guest rooms, two blocks from beach.

    12 Christian St, Rehoboth Beach, DE 19971
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    For Lease (5)

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    Iconic Market Space For Lease
    $11,250 / Mo
    14,810 SF

    Iconic Market Space For Lease

    Turn-key market space available for lease in Rehoboth Beach.

    30 Baltimore Ave, Rehoboth Beach, DE 19971
    View details
    Lewes Office Space For Lease
    $6,000 / Mo
    21,344 SF

    Lewes Office Space For Lease

    3,200 SF office space in desirable Nassau Commons.

    17503 Nassau Cmns Blvd, Lewes, DE 19958
    View details
    Versatile Commercial Space in Selbyville
    $1,600 / Mo

    Versatile Commercial Space in Selbyville

    Adaptable space for medical, retail, or office use in Selbyville.

    38555 Dupont Blvd, Selbyville, DE 19975
    View details
    Retail Space For Rent
    $6,000 / Mo

    Retail Space For Rent

    Retail space available for lease in Lewes, Delaware.

    17503 Nassau Commons Blvd, Lewes, DE 19958
    View details
    Retail Space in Nassau Commons
    $4,000 / Mo

    Retail Space in Nassau Commons

    Retail space for rent in Lewes, Delaware.

    17569 Nassau Commons Blvd, Lewes, DE 19958
    View details

    Leases and Sales on Map

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    Request Owner's contact information
    Jack Lingo Realtor, Inc.
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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
    Jack Lingo Realtor, Inc.
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