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    35091 Atlantic Ave Ocean View, DE 19970

    Sponsored
    For Lease
    $1,850 /Mo

    CommercialLease - OCEAN VIEW, DE

    Type:Office
    Property size:
    1,500 SF
    Lot size:
    3.04 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 10 at 4:06 am

    Property Features for 35091 Atlantic Ave

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    Parking
    12
    Parking features
    Parking Lot
    Size
    1,500 SF
    Lot size
    3.04 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2015
    Number of units
    1
    Building materials
    Frame, Aluminum Siding

    We can help!

    Listing Contact
    Andrew Timmons

    Keller Williams Realty (302) 228-5143

    Listing agent Andrew Timmons (302) 360-0300 License #RA-0002917

    Listing date Feb 9, 2026

    MLS# DESU2103090

    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.

    Learn more

    Property Insight Report

    Overview

    Office Space with Billboard Exposure

    Located on Route 26 in Ocean View, Delaware, this second-story shared office space offers a professional environment. The overall office area totals approximately 1,500 square feet and will be occupied by no more than three tenants. Access to the space is via an interior staircase, and it includes private office suites of approximately 80 square feet each, along with shared access to a professional conference room, sitting area, and kitchenette. A first-floor handicap-accessible, premium conference room is also available by appointment. Included with the lease is the use of a 10'X20' dual-sided LED billboard located directly on Route 26, providing significant visibility and branding to daily traffic. The billboard delivers approximately 30,000 LED digital billboard impressions per month, with dual-direction exposure to eastbound and westbound traffic. The property is located in Sussex County, adjacent to the Town of Millville. Additional land area may be available for trailer parking or outdoor storage at an additional cost. This space is well-suited for professional offices, startups, and service-based businesses that value a strong location, easy access, and high-impact marketing visibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Serviced offices

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocean View
    County
    Sussex
    State
    Delaware
    Longitude
    -75.12625
    Latitude
    38.55185

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    FAQs

    What type of property is this?
    Serviced office - Second-story office suites with included LED billboard exposure on Route 26.
    Where is this serviced office located?
    The property is located at 35091 Atlantic Ave Ocean View, DE.
    What is the lease rate?
    The lease rate is $0.17 SF/Yr.
    What are key features of this property?
    This property features: - Included dual-sided LED digital billboard exposure on Route 26 (10'X20' SF) with approximately 30,000 monthly impressions.; - High-visibility location on Route 26 with over 25,000 cars per day.; - Private office suites (approximately 80+\/- SF each) with shared conference room, sitting area, and kitchenette.
    (302) 360-0300
    Request Owner's contact information
    35091 Atlantic Ave Ocean View, DE 19970
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    Ocean View, DE 19970
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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.

    More about this property
    35091 Atlantic Ave Ocean View, DE 19970
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    We can help!
    Listing Contact
    Andrew Timmons
    Real Estate License ID: RA-0002917
    (302) 360-0300
    Learn more
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