Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    102 ISAACS SHORE Drive Milford, DE 19963

    View on Map
    Claim this Listing
    For Sale
    $360,000

    LAND - MILFORD, DE

    Lot size:
    0.18 Acres
    Added:
    Aug 16, 2024
    Days on Market:
    605
    Last Refresh:
    Apr 12 at 12:06 pm

    Property Features for 102 ISAACS SHORE Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Annual Amount
    114

    We can help!

    Listing Contact
    Julie Gritton

    Listing agent Julie Gritton License #RA-0031139

    Listing office Coldwell Banker Premier - Lewes 800 Kings Highway, Winchester, DE

    Listing date Aug 16, 2024

    MLS# DESU2067964

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Coastal Land in Gated Community

    Located in the gated community of Southern Pointe Shores, this vacant lot offers the opportunity to build a custom home with water views. The property provides panoramic views of both sunrise and sunset. Backing to the Prime Hook National Wildlife Refuge, the lot allows for observing wildlife. A mound septic system is already installed and ready to use. A sewer project for the area is currently in the process of approvals and planning. Once the public sewer is accessible for tie in, the current septic on the property can be removed to create a larger buildable footprint. The lot is 0.1765 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Big Box & Wholesale Store Hotel & Motel Grocery & Convenience Store Computer & Electronic Repair Tech Support Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Sussex
    State
    Delaware
    Longitude
    -75.2948312
    Latitude
    38.9039004

    Nearby Similar for Sale

    • $299,000
      1,120 SF

      Milford Duplex with Immediate Income

      Fully occupied duplex near downtown Milford, offering immediate rental income.
      401 SE FRONT Street, MILFORD, DE 19963
      View Details
    • $350,000

      Downtown Milford Retail Space Available

      Prime retail space in vibrant downtown Milford with high visibility.
      22 S WALNUT ST, MILFORD, DE 19963
      View Details
    • $255,000

      Waterfront Land with Bay Views

      0.2 acre waterfront parcel with stunning Delaware Bay vistas.
      106 BLUE HERON, MILFORD, DE 19963
      View Details
    • $1,099,000

      Highway Commercial Land For Sale

      1.4 acres of C-3 Highway Commercial-zoned land on major highway.
      SILICATO Parkway, MILFORD, DE 19963
      View Details
    • $499,000

      Downtown Milford Commercial Property Opportunity

      Two-story building in Milford's central business district near Mispillion River.
      112 PARK AVENUE, MILFORD, DE 19963
      View Details
    • $125,000

      Residential Land in Milford, Delaware

      1.07 acre lot near downtown Milford and Cedar Creek.
      4319 MCCOLLEY Road, MILFORD, DE 19963
      View Details
    • $189,000

      Residential Land in Milford, Delaware

      Land in a lovely community, close to Route 1.
      23 HIDDEN MEADOWS TER, MILFORD, DE 19963
      View Details
    • $279,900

      Milford Land: Build Your Dream

      3-acre lot near Milford, DE, with well and septic.
      LOT #3 DEER VALLEY RD, MILFORD, DE 19963
      View Details
    • $279,900

      Milford Land: Build Your Dream

      3-acre lot near Milford, DE, with well and septic.
      LOT #5 DEER VALLEY RD, MILFORD, DE 19963
      View Details
    • $279,900

      Milford Land: Build Your Dream

      3+ acre lot near Milford, DE, ready for your home.
      LOT #2 DEER VALLEY RD, MILFORD, DE 19963
      View Details
    • $279,900

      Residential Land in Milford, DE

      3-acre lot perfect for building your dream home.
      LOT #4 DEER VALLEY RD, MILFORD, DE 19963
      View Details
    • $350,000

      Commercial Property Investment Opportunity

      Well-located, fully occupied commercial property with expansion potential.
      280 N REHOBOTH BOULEVARD, MILFORD, DE 19963
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant lot with water views in Southern Pointe Shores.
    Where is this residential land & home lot located?
    The property is located at 102 ISAACS SHORE Drive Milford, DE.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: Breathtaking water views of both sunrise and sunset; Backs to Prime Hook National Wildlife Refuge, offering unparalleled privacy; Located in Southern Pointe Shores, a gated community
    (302) 645-1111
    We can help!
    Listing Contact
    Julie Gritton
    Real Estate License ID: RA-0031139
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!