Sign Up Successful!
You now have access to more from Realmo!
    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

    204 Gumboro Rd Selbyville, DE 19975

    Sponsored
    For Sale
    $345,000

    Prime 0.76-acre lot, road frontage.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    358
    This exceptional 0.76-acre commercial parcel presents a unique opportunity for development in the thriving town of Selbyville, Delaware. Located at 204 S Gumboro Road, this property boasts significant road frontage, measuring 111.47 feet, providing excellent visibility and accessibility for any commercial venture. The land is currently vacant, offering a blank canvas for a new construction project tailored to your specific needs. This presents a significant advantage, allowing for complete design flexibility and the avoidance of costly renovations or demolition. The property's location within Selbyville offers easy access to local amenities, transportation routes, and a growing population base. Buyers are responsible for conducting their own due diligence to assess the suitability of the land for their intended use. This property is also listed under land ID DESU2077706. The asking price is $345,000, representing a compelling investment opportunity in a desirable location. Don't miss this chance to acquire a prime commercial lot with significant potential for future growth and profitability. Act quickly, as opportunities like this are rare.

    Property Features for 204 Gumboro Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    33,106 SF

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Jeffrey Fowler

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Auto Repair Shop Wholesale Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Selbyville
    County
    Sussex
    State
    Delaware
    Longitude
    -75.23483
    Latitude
    38.45784

    Nearby Similar for Sale

    • New
      $799,900
      2,500 SF

      Renovated Quadplex: Investor Opportunity

      Rare, renovated quadplex with strong income potential in high-demand rental market.
      62 W Church St, Selbyville, DE 19975
      View Details
    • $559,000

      Updated Bayside Home with Pond View

      Updated 4-bedroom, 3-bath home in Bayside Resort Golf Club.
      31574 Winterberry Pkwy, Selbyville, DE 19975
      View Details
    • $549,000

      Luxurious Condo in Bayside Resort

      Spacious, fully furnished condo with resort-style amenities and convenient location.
      31574 Winterberry Pkwy, Selbyville, DE 19975
      View Details
    • $589,000

      Beach Home in Amenity-Rich Community

      Charming 3-bedroom home in Bayside's sought-after Commons neighborhood.
      36584 Day Lily Pkwy, Selbyville, DE 19975
      View Details
    • $359,000
      1,290 SF

      Waterfront Townhome with Community Amenities

      Two-bedroom townhome with lake views and community amenities near beaches.
      38072 Mockingbird Ln, Selbyville, DE 19975
      View Details
    • $485,000

      Waterfront Home in Swann Keys

      Updated 3-bedroom home with canal access and community amenities.
      37005 Pintail Dr, Selbyville, DE 19975
      View Details
    • $1,150,000
      3,600 SF

      Turn-Key Restaurant Opportunity

      Established restaurant with equipment, bar, and redevelopment potential.
      38188 Dupont Blvd, Selbyville, DE 19975
      View Details
    • $899,000

      Organic Farm in Sussex County

      5.69 acre USDA certified organic farm for sale.
      30402 Jay Patch Rd, Selbyville, DE 19975
      View Details
    • $1,931,099

      Selbyville Specialty Property For Sale

      Specialty property available for purchase in Selbyville, Delaware.
      30548 Lightkeepers Way, Selbyville, DE 19975
      View Details
    • $170,000

      Selbyville Specialty Property For Sale

      Specialty property available for purchase in Selbyville, Delaware.
      37424 Shady Way, Selbyville, DE 19975
      View Details
    • $415,000

      Selbyville Specialty Property For Sale

      Specialty property available for purchase in Selbyville, Delaware.
      38303 Bluebird Ln, Selbyville, DE 19975
      View Details
    • $419,500

      Selbyville Specialty Property For Sale

      Specialty property available for purchase in Selbyville, Delaware.
      33510 Deer Run Rd, Selbyville, DE 19975
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime 0.76-acre lot, road frontage.
    Where is this commercial real estate located?
    The property is located at 204 Gumboro Rd Selbyville, DE.
    What is the asking price?
    The asking price for this property is $345,000.
    (302) 360-0300
    Request Owner's contact information
    204 Gumboro Rd Selbyville, DE 19975
    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.
    204 Gumboro Rd
    Selbyville, DE 19975
    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
    204 Gumboro Rd Selbyville, DE 19975
    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

    We can help!
    Listing Contact
    Jeffrey Fowler
    (302) 360-0300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.