Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Land with New Utilities Title is generated by Realmo AI

    112 W 10TH STREET, Laurel, DE 19956

    View on Map
    Claim this Listing
    For Sale
    $249,900

    Light industrial land with updated utilities and zoning compliance.

    Type:Commercial/Industrial
    Lot size:
    0.39 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    83
    Last Refresh:
    Apr 6 at 2:22 am

    Property Features for 112 W 10TH STREET

    General Information

    Standard status
    Active
    Lot size
    0.39 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    RANDY HILL
    RANDY HILL

    Listing agent RANDY HILL License #RS-0017062

    Listing office The Real Estate Market

    Listing date Mar 11, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of The Real Estate Market

    HighLights

    • New 200 amp electric service with recessed lights
    • New water & sewer lines from building to street
    • New exterior metal on roof, sidewalls, and lean‑to
    • Zoned for Light Industrial use (L‑1)
    • Gravel parking lot
    • Year Built: 1930

    Overview

    This property features new exterior metal on the roof, sidewalls, and lean-to. It includes a new 200 amp electric service with recessed lights, along with new water and sewer lines running from the building to the street. A gravel parking lot is present on the premises. The property is zoned for Light Industrial use. Refer to the attached Zoning Ordinance for the Town of Laurel for specific L-1 uses.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Sussex
    State
    Delaware
    Longitude
    -75.5715
    Latitude
    38.5501

    Nearby Similar for Sale

    • $1,299,000

      Laurel, DE Commercial Investment Opportunity

      7,006 SF building on 4.4 acres with development potential.
      1120 S CENTRAL Avenue, LAUREL, DE 19956
      View Details
    • $749,900

      Farmhouse with Income Potential

      Charming farmhouse on 5 acres with income-generating poultry house.
      8807 Woodland Ferry Rd, Laurel, DE 19956
      View Details
    • $119,000

      Acre Ready to Build On

      Cleared acre ready for building a stick-built or modular dwelling.
      PEPPERBOX lot: #4, LAUREL, DE 19956
      View Details
    • $700,000

      Prime Land on Sussex Highway

      24 acre commercial land on busy Sussex Highway (Route 13).
      SUSSEX HWY, LAUREL, DE 19956
      View Details
    • $135,000

      Commercial Lot in Laurel, DE

      Cleared commercial lot with utilities ready for development.
      Lot 2 1118 S CENTRAL Ave, Laurel, DE 19956
      View Details
    • $1,300,000
      31,000 SF

      Operating Salvage Yard with Licenses

      34-acre salvage yard with licenses, shop, storage, and rental house.
      12441 Whitesville Road, Laurel, DE 19956
      View Details
    • $780,000
      11,186 SF

      Established Entertainment Center on Seaford Road

      Operating skating rink with building, land, and physical assets.
      28393 Seaford Road, Laurel, DE 19956
      View Details
    • $229,000

      Versatile Land with Extensive Improvements

      0.82 acre property with new septic and well.
      28828 BOYCE Rd, Laurel, DE 19956
      View Details
    • $389,000
      1,100 SF

      Poultry Farm with Development Potential

      10.12-acre farm with poultry houses and development opportunities.
      31568 Mt Pleasant Road, Laurel, DE 19956
      View Details
    • $275,000

      Laurel, DE Land Opportunity

      14.78+/- acres with easy access to US RT 13.
      NW LAUREL Road lot: 4, LAUREL, DE 19956
      View Details
    • $152,000

      Two Acre Lot Ready to Build

      Two acre lot, shovel ready, suitable for stick-built or modular.
      Lot 1 PEPPERBOX Rd, Laurel, DE 19956
      View Details
    • $325,000

      Land For Sale, Laurel, DE

      10.81 acre land parcel available in Laurel, Delaware.
      CRESTHAVEN DRIVE, LOT 4, LAUREL, DE 19956
      View Details

    FAQs

    What type of property is this?
    Industrial land - Light industrial land with updated utilities and zoning compliance.
    Where is this industrial land located?
    The property is located at 112 W 10TH STREET Laurel, DE.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: New 200 amp electric service with recessed lights; New water & sewer lines from building to street; New exterior metal on roof, sidewalls, and lean‑to
    (302) 877-8100
    We can help!
    Listing Contact
    RANDY HILL
    RANDY HILL
    Real Estate License ID: RS-0017062
    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
    112 W 10TH STREET, LAUREL, DE 19956
    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!