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    The Largest CRE Database in the US with Over 1 Million Listings

    Charles Rodriguez, Dover, DE

    License ID: 3293114
    Nxt Lvl Realty
    Years of Experience
    10
    Association
    Miami Association Of Realtors Inc

    Service Locations

    Arizona

    Delaware

    Maryland

    Contact details

    Phone:
    (302) 674-3400
    Office Address:
    10631 N Kendall Dr, Miami, FL, 33176

    Performance

    Listings
    15
    Total transactions
    25
    Total transactions amount
    $18M
    Price range
    $480k - 1.1M
    Average price
    $720k

    Listings

    For Sale (13)

    View map
    • Contact for pricing
      2.02 Acres

      Central Delaware Business Park Lots

      Three prime commercial land parcels.
      0 Rte 13, Cheswold, DE 19936
      View Details
    • Contact for pricing
      11.70 Acres

      Prime Smyrna Commercial Land

      11.7 Acres, BG & BN Zoning
      0 Side Of Rte 13, Smyrna, DE 19977
      View Details
    • $3,126,500
      4.81 Acres

      Prime Milford Commercial Land

      4.81 Acres, C-3 Zoning, $3.1M
      0 Coastal Hwy & Wilkins Rd, Lincoln, DE 19963
      View Details
    • $3,846,000
      12.80 Acres

      Dover Commercial Land - 12.8 Acres

      Prime Dover location, high visibility, development potential.
      0 Dupont Hwy, Dover, DE 19901
      View Details
    • $490,000
      12.94 Acres

      Sussex Hwy Commercial Land Delaware

      12.94 Acres, AR1 Zoning, $490,000
      0 Sussex Hwy, Greenwood, DE 19950
      View Details
    • $1,299,000
      5.79 Acres

      Seaford Commercial Land - Route 13

      Prime 5.79-acre commercial lot. High-traffic location.
      0 Rte 13, Seaford, DE 19973
      View Details
    • Contact for pricing
      83.70 Acres

      Dover Commercial Land - 83.7 Acres

      Prime Dover location, 83.7 acres, SC3 zoning.
      0 Dupont Hwy, Dover, DE 19901
      View Details
    • Contact for pricing
      0.76 Acres

      Chestertown Ground Lease Opportunity

      Prime Chestertown location, lucrative ground lease.
      140 Scheeler Rd, Chestertown, MD 21620
      View Details
    • $299,000
      0.23 Acres

      Prime Elkton Retail Space

      High-traffic location, excellent visibility. Great investment opportunity.
      300 Pulaski Hwy, Elkton, MD 21921
      View Details
    • $2,280,000
      12,083 SF

      Dover Office Building For Sale

      Office building with 12,083 square feet of space.
      525 N Red Haven Ln, Dover, DE 19901
      View Details
    • $175,000

      Land For Sale Dover

      Land available for sale in Dover, Delaware.
      2118 White Oak Rd, Dover, DE 19901
      View Details
    • $285,000

      Commercial Property on Pulaski Highway

      Commercial property available on Pulaski Highway in Elkton, Maryland.
      300 W Pulaski Hwy, Elkton, MD 21921
      View Details
    • $285,000

      Commercial Land For Sale

      Commercial land available for sale.
      300 W Pulaski Hwy, Elkton, MD 21921
      View Details

    For Lease (2)

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    • Contact for pricing
      22,855 SF

      Dover Medical Office Building

      Class A space, multiple suites available
      200 Banning St, Dover, DE 19904
      View Details
    • Contact for pricing
      10,200 SF

      Retail Space on Dupont Highway

      Retail space available in Dover, Delaware with high visibility.
      1660-1724 S Governors Ave, Dover, DE 19904
      View Details

    Leases and Sales on Map

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    • For Lease

    Properties for sale

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    Request Owner's contact information
    Charles Rodriguez, Dover, DE
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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.

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    Charles Rodriguez, Dover, DE
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