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    38397 Old Stage Rd Delmar, DE 19940

    For Sale
    $795,000

    2.84 acres of commercial land near Delmar's business district.

    Property size:
    2 SF
    Lot size:
    2.84 Acres

    Property Features for 38397 Old Stage Rd

    General Information

    Size
    2 SF
    Lot size
    2.84 Acres

    Building Details

    Year built
    1982

    Source: Chris Davis Agent Chris Davis

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

    Overview

    Commercial Land Near Business District

    This property features approximately 2.84 acres of commercial land situated on Old Stage Road in Delmar, Delaware, near Route 13 and the local business and retail district. The parcel is located at the corner of Line Road and Old Stage Road. It is available for purchase or ground lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Big Jakes BBQ Barbecue Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Delmar
    County
    Sussex
    State
    Delaware
    Longitude
    -75.5544853
    Latitude
    38.456436

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    FAQs

    What type of property is this?
    Commercial land - 2.84 acres of commercial land near Delmar's business district.
    Where is this commercial land located?
    The property is located at 38397 Old Stage Rd Delmar, DE.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - Prime commercial land opportunity in Delmar, DE.; - +\/- 2.84 acres of land suitable for commercial development.; - Located at the corner of Line Road and Old Stage Road.
    (443) 523-4539
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    38397 Old Stage Rd Delmar, DE 19940
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    Delmar, DE 19940
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    Realmo Value Estimation

    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.

    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.

    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
    38397 Old Stage Rd Delmar, DE 19940
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