Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land Approved for Subdivision Title is generated by Realmo AI

    34 WOODLAND AVE, Ocean View, DE 19970

    View on Map
    Claim this Listing
    Pending
    $850,000

    Lots/Land/Farm - OCEAN VIEW, DE

    Type:Farm
    Lot size:
    2.50 Acres
    Added:
    Oct 21, 2025
    Days on Market:
    217
    Last Refresh:
    May 25 at 8:06 am

    Property Features for 34 WOODLAND AVE

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Pending
    Lot size
    2.50 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1895.33

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Leslie Kopp

    Listing agent Leslie Kopp

    Listing office Bethany 33298 Coastal Highway, DE

    Listing date Oct 21, 2025

    MLS# DESU2099124 Listing URL

    Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Approved for subdivision into 6 buildable lots.
    • Located just 2 miles from the beach.
    • Central sewer approval received.
    • Public water approval received and water main in place.
    • FEMA approval received.
    • HOA declaration filed and recorded.

    Overview

    This 2.5-acre property, located approximately 2 miles from the beach, is an approved community suitable for builders, developers, and investors. Approved for subdivision into 6 buildable lots, this property presents a significant investment opportunity. The site has received central sewer approval, public water approval, and features a water main in place. Soil Conservation District approval is nearing completion. FEMA approval has been granted, and the HOA declaration has been filed and recorded. The property is located in OCEAN VIEW, DE.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocean View
    County
    Sussex
    State
    Delaware
    Longitude
    -75.0917326
    Latitude
    38.54897

    Nearby Similar for Sale

    • $349,000

      Coastal Lot in Ocean View

      Generously sized lot near beach, boardwalk, restaurants, and shopping.
      1ST STREET #LOT 9, OCEAN VIEW, DE 19967
      View Details
    • $2,150,000
      11,500 SF

      Delaware Commercial Site Near Beaches

      Fully developed commercial site with 11,500 SF usable space.
      30387 CEDAR NECK Rd, Ocean View, DE 19970
      View Details
    • $200,000

      Coastal Homesite Near Bethany Beach

      Homesite in desirable coastal community, close to Bethany Beach.
      LOT 18 VENTA DR, OCEAN VIEW, DE 19970
      View Details
    • $145,000

      Ocean View Land For Sale

      0.26 acre lot, 3 miles to Bethany Beach.
      CLUBHOUSE lot: 14, OCEAN VIEW, DE 19970
      View Details
    • $750,000

      Commercial Building Near Bethany Beach

      Restored building near Bethany Beach on Rt. 26.
      100 ATLANTIC Ave, Ocean View, DE 19970
      View Details
    • $200,000

      Land Near Bethany Beach

      Residential land near Bethany. Build your dream home!
      LOT 3 CLUB HOUSE RD, OCEAN VIEW, DE 19970
      View Details
    • $385,000

      Ocean View Land Opportunity

      0.23-acre wooded lot near Indian River Bay.
      2ND Street lot: 14, OCEAN VIEW, DE 19970
      View Details
    • $55,000

      Water Access Lot in Ocean View

      Lot with boat slip and Indian River Bay access.
      155 NAOMI #56, OCEAN VIEW, DE 19970
      View Details
    • $289,990

      Land For Sale

      Land available in Ocean View, Delaware.
      Lot 1 Diane Rd, Ocean View, DE 19970
      View Details

    FAQs

    What type of property is this?
    Land - 2.5 acres approved for 6 buildable lots near beach.
    Where is this land located?
    The property is located at 34 WOODLAND AVE Ocean View, DE.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Approved for subdivision into 6 buildable lots.; Located just 2 miles from the beach.; Central sewer approval received.
    (888) 536-0216
    We can help!
    Listing Contact
    Leslie Kopp
    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

    Thank You for Inquiry
    34 WOODLAND AVE, OCEAN VIEW, DE 19970
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!