Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ten Acres in Horse Country Title is generated by Realmo AI

    343 THORNTOWN ROAD, Middletown, DE 19709

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $450,000

    Land - MIDDLETOWN, DE

    Lot size:
    10.00 Acres
    Added:
    Nov 18, 2025
    Days on Market:
    185
    Last Refresh:
    May 22 at 8:06 am

    Property Features for 343 THORNTOWN ROAD

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Lot size
    10.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    237.65

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jeff Bollinger
    Jeff Bollinger

    Listing agent Jeff Bollinger

    Listing office BHHS Fox & Roach Hockessin-Pike Creek Home Marketing 88 Lantana Drive, DE

    Listing date Nov 18, 2025

    MLS# DENC2093234 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Ten‑acre parcel suitable for building a home or potential subdivision.
    • Backs directly onto the 3,100‑acre Augustine Wildlife Area.
    • Located in horse country, ideal for equestrian enthusiasts.
    • Tranquil setting providing a sense of seclusion.
    • Close proximity to major routes.
    • Conveniently located one hour from Delaware beaches and 45 minutes from Philadelphia International Airport.

    Overview

    This ten-acre parcel of land is located in horse country. The lot offers the potential to build a dream home or possibly subdivide. The tranquil area is close to major routes, yet provides a sense of seclusion. The property backs directly to the 3,100-acre Augustine Wildlife area. It is approximately one hour from the Delaware beaches and 45 minutes from Philadelphia International Airport. The property is located in Middletown, Delaware.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Hotel & Motel Food Market HVAC Service Pet Store & Service Farmer's Market Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5966249
    Latitude
    39.5227513

    Nearby Similar for Sale

    • $4,300,000
      7,300 SF

      Brewery in Retail Corridor

      Brewery with long-term lease in a dominant retail corridor.
      316 Auto Park Drive, Middletown, DE, 19709
      View Details
    • $26
      3,160 SF

      Middletown Medical Office Suite

      Well-kept medical suite in Middletown, Delaware with ample parking.
      114 Sandhill Drive, Suite 201A, Middletown, DE 19709
      View Details
    • $149,900

      Waterfront Land in Middletown, DE

      Waterfront lot in Appoquinimink School District, public water/sewer.
      44 N NEW Road, MIDDLETOWN, DE 19709
      View Details
    • $2,500,000

      Middletown Development Land Opportunity

      13.90 +/- acres of commercial land in Middletown, Delaware.
      2105 Dupont Pkwy, Middletown, DE 19709
      View Details
    • $26
      3,160 SF

      Middletown Medical Office Suite

      Medical office suite in well-maintained complex with ample parking.
      118 Sandhill Drive, Middletown, DE 19709
      View Details
    • $500,000

      Mixed-Use Property with Detached Cottage

      Investment opportunity: storefront, apartments, and detached cottage.
      16 N BROAD St, Middletown, DE 19709
      View Details
    • Contact for pricing

      Approved Medical Building Site

      Approved land for a two-story medical building.
      336 Brick Mill Road, Middletown, DE 19709
      View Details
    • $450,000

      Tranquil Horse Country Land Parcel

      Ten-acre parcel in horse country, close to major routes.
      343 Thorntown Road, Middletown, DE 19709
      View Details
    • Contact for pricing
      230,000 SF

      Retail Space in Growing Market

      Retail property with pad sites and inline space available for lease.
      465 Middletown Warwick Rd, Middletown, DE 19709
      View Details
    • Contact for pricing

      Commercial Pad Site For Lease

      Commercial pad site available for ground lease in Middletown, DE.
      601 South Ridge Avenue, Middletown, DE 19709
      View Details
    • Contact for pricing

      High-Traffic Location Retail Center

      Retail and commercial land for sale in Middletown, Delaware.
      Willow Grove Mill, Middletown, DE 19709
      View Details
    • Contact for pricing
      14 SF

      Industrial Land Near Middletown, DE

      14.9 acres of industrial land with utilities available.
      419 Boyds Corner Rd, Middletown, DE 19709
      View Details

    FAQs

    What type of property is this?
    Land - Tranquil 10-acre parcel suitable for building or subdivision.
    Where is this land located?
    The property is located at 343 THORNTOWN ROAD Middletown, DE.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Ten‑acre parcel suitable for building a home or potential subdivision.; Backs directly onto the 3,100‑acre Augustine Wildlife Area.; Located in horse country, ideal for equestrian enthusiasts.
    (302) 593-6668
    We can help!
    Listing Contact
    Jeff Bollinger
    Jeff Bollinger
    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

    Thank You for Inquiry
    343 THORNTOWN ROAD, MIDDLETOWN, DE 19709
    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!