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Property profile & analytics
FOR SALE
Multifamily properties

30511 Cave Neck Rd Milton, DE 19968

14.92 ac lot
Property ID
US17-0299581
30511 Cave Neck Rd, Milton, DE 19968 For Sale
$6,500,000
30511 Cave Neck Rd, Milton, DE 19968
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Property summary
AI-generated overview

Chappell Farm presents a unique investment opportunity in Milton, Delaware. This expansive 14.92-acre parcel, situated at the high-traffic intersection of Cave Neck Road and Route One, boasts a pre-approved site plan for a mixed-use development. The commercial component encompasses three pad sites totaling 44,498 square feet, offering ample space for various businesses. Detailed plans show individual pad sizes of 23,790 square feet, 16,128 square feet, and 4,580 square feet, all with designated parking areas. The residential component allows for the construction of up to 128 units, catering to a growing demand for housing in the area. Amenities planned for the residential section include a swimming pool and a fitness center, further enhancing the appeal and value of the development. The existing site plan is available upon request, though it's important to note that it is subject to change. This exceptional property offers significant potential for substantial returns, making it an ideal acquisition for discerning investors seeking a prime location and a well-defined development path. The strategic location and comprehensive site plan make this a truly remarkable opportunity in the vibrant Delaware market. Act quickly to secure this exceptional investment.

Property profile
Verified
Property type Multifamily properties
Lot 14.92 ac (649,915 SF)
UPID US17-0299581
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Capitol Buildings shedcrazy Construction Company General Contractor
  • Capitol Buildings Shed crazy Construction Company General Contractor
  • Hooked on Poly Patio Furniture & Home Goods Hardware & Home Improvement
  • D'Z Pit Smoked BBQ (seasonal) Restaurant
  • Indian Point Farm Market Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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