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

    11 NORTH Avenue Smyrna, DE 19977

    View on Map
    For Sale
    $99,999

    LAND - SMYRNA, DE

    Lot size:
    0.34 Acres
    Added:
    Feb 20, 2022
    Days on Market:
    1502
    Last Refresh:
    Apr 2 at 11:06 pm

    Property Features for 11 NORTH Avenue

    General Information

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

    Taxes and HOA fees

    TaxAnnualAmount
    122

    We can help!

    Listing Contact
    James Taylor

    Listing agent James Taylor License #RS-0017181

    Listing office Keller Williams Realty Wilmington 200 Bellevue Parkway unit: 415, Willmington, DE

    Listing date Feb 20, 2022

    MLS# DEKT2008224 Listing URL

    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

    Smyrna Land with Well & Septic

    This property is one of the largest lots available in Woodland Beach. The flat lot spans over 1/3 of an acre and includes a well and septic system already in place. The foundation from a previous mobile home remains on the property. The location offers access to a fishing pier and a boat ramp on the bay side. The property is located approximately one hour from Wilmington.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Smyrna
    County
    Kent
    State
    Delaware
    Longitude
    -75.4763903
    Latitude
    39.3327579

    Nearby Similar for Sale

    • $399,000
      4,913 SF

      Smyrna Commercial Property with Patio

      Freestanding 4,913 SF commercial building with 1,500 SF patio.
      19 - 21 W Commerce Street, Smyrna, DE 19977
      View Details
    • $399,995

      Smyrna Land with Homesite Potential

      11.2-acre homesite near Blackbird with road frontage and wooded areas.
      355 MASSEYS CHURCH Road, SMYRNA, DE 19977
      View Details
    • $141,900

      Smyrna Buildable Wooded Land

      1.8 acre wooded lot near Duck Creek River.
      681 SHORTY Lane, SMYRNA, DE 19977
      View Details
    • $580,000

      Five-Unit Apartment Building For Sale

      Five-unit apartment building with separate utilities and tenant occupancy.
      133 S MAIN St, Smyrna, DE 19977
      View Details
    • Contact for pricing
      46 SF

      46 Acres Development Opportunity

      46 acres available for development in a fast-growing market.
      S Dupont Blvd & Carter Rd, Smyrna, DE 19977
      View Details
    • $399,000
      4,913 SF

      Restaurant Building with Outdoor Patio

      Former restaurant with patio in Smyrna's historic district.
      19-21 W Commerce St, Smyrna, DE
      View Details
    • $125,000

      Smyrna Highway Commercial Lot

      1.6 +/- acre commercial lot in Smyrna, Delaware.
      1st Ave, Smyrna, DE 19977
      View Details
    • Contact for pricing
      18,000 SF

      Smyrna Townhome Apartment Buildings

      Two buildings with 20 apartments in Smyrna, Delaware.
      420 Smyrna Clayton Blvd, Smyrna, DE 19977
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Ready-to-build lot with well, septic, and foundation in place.
    Where is this residential land & home lot located?
    The property is located at 11 NORTH Avenue Smyrna, DE.
    What is the asking price?
    The asking price for this property is $99,999.
    What are key features of this property?
    This property features: Large, flat lot (over 1/3 acre) in Woodland Beach; Well and septic already installed; Foundation from previous mobile home in place
    (302) 233-5512
    We can help!
    Listing Contact
    James Taylor
    Real Estate License ID: RS-0017181
    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!