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    For Sale (14)

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    Lewes Land For Sale
    $500,000
    0.11 Acres

    Lewes Land For Sale

    Residential land in the heart of Lewes, Delaware.

    N Mulberry St, Lewes, DE 19958
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    Lewes Land For Sale
    $500,000
    0.11 Acres

    Lewes Land For Sale

    50x100 lot in the heart of Lewes, Delaware.

    N Mulberry St, Lewes, DE 19958
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    Smyrna Land with Homesite Potential
    $399,995
    11.20 Acres

    Smyrna Land with Homesite Potential

    11.2-acre homesite near Blackbird with road frontage and wooded areas.

    355 Masseys Church Rd, Smyrna, DE 19977
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    Wooded Land in Georgetown, DE
    $121,100
    1.38 Acres

    Wooded Land in Georgetown, DE

    1.38 acres of wooded land near Georgetown amenities.

    Easement Off Of Shortly Rd, Georgetown, DE 19947
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    Expansive Land in Georgetown, DE
    $419,900
    11.29 Acres

    Expansive Land in Georgetown, DE

    11.29-acre lot ready for custom architectural visions.

    E 133-9.00-9.16 On Easement Off Of Shortly Rd, Georgetown, DE 19947
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    Wooded Lot in Georgetown, DE
    $108,900
    1.33 Acres

    Wooded Lot in Georgetown, DE

    1.33+/- acre wooded building lot with no builder tie-ins.

    Lot D Easement Off Of Shortly Rd, Georgetown, DE 19947
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    Residential Lot in Georgetown, DE
    $94,900
    1.10 Acres

    Residential Lot in Georgetown, DE

    1.1 acre residential lot ready for building in Georgetown.

    Shortly Rd. 133-9.00-9.22, Georgetown, DE 19947
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    Commercial Building in Escondido, CA
    $799,000
    0.07 Acres

    Commercial Building in Escondido, CA

    Two-unit commercial building with parking in Escondido, California.

    651-53 Valley Blvd E, Escondido, CA 92025
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    Big Bear City Land Parcel
    $325,000
    2.50 Acres

    Big Bear City Land Parcel

    2.5-acre treed parcel suitable for building a mountain home.

    2161 Glencove Ln, Big Bear City, CA 92314
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    Residential Lot in Milton, DE
    $250,000
    0.23 Acres

    Residential Lot in Milton, DE

    Residential lot suitable for a full basement in Milton, DE.

    218 Ridge Rd, Milton, DE 19968
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    Georgetown Acre Ready For Building
    $107,100
    1.18 Acres

    Georgetown Acre Ready For Building

    1.18-acre lot in Georgetown, DE with building freedom.

    Shortly Rd, Georgetown, DE 19947
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    Generous Wooded Acreage in Georgetown
    $298,900
    3.93 Acres

    Generous Wooded Acreage in Georgetown

    3.93-acre parcel for a custom home surrounded by nature.

    lot C - 133-9.00-9.18 Easement Off Of Shortly Rd, Georgetown, DE 19947
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    Spacious Lot Near Delaware Beaches
    $124,000
    0.85 Acres

    Spacious Lot Near Delaware Beaches

    Ready-to-build lot near boating, golfing, shopping, and restaurants.

    Laurel Rd, Millsboro, DE 19966
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    Redding Mixed-Use Investment Opportunity
    $665,000

    Redding Mixed-Use Investment Opportunity

    Five-unit property, great cash flow potential.

    737 Leland Ct, Redding, CA 96001
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    For Lease (1)

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    Versatile Commercial Space in NEW CASTLE
    $15,000 / Mo
    109,771 SF

    Versatile Commercial Space in NEW CASTLE

    24,000 sq ft retail, warehouse, or entertainment space available.

    791 S Dupont Hwy, New Castle, DE 19720
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    RE/MAX Associates
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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
    RE/MAX Associates
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