Add Listing
    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

    32474 Lighthouse Rd Selbyville, DE 19975

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $5,900,000

    10.09 acres of commercial land in Selbyville, Delaware.

    Lot size:
    8.40 Acres

    Property Features for 32474 Lighthouse Rd

    General Information

    Property type
    Land
    Standard status
    Active
    Lot size
    8.40 Acres

    We can help!

    Listing Contact
    Nancy Reither
    Source: Elliman

    Listing Agency: Coldwell Banker Realty Listing Agent: Nancy Reither

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

    Learn more

    Property Insight Report

    Overview

    Selbyville Commercial Land Opportunity

    This 10.09-acre commercial land parcel is located in Selbyville at the intersection of Lighthouse Sound Rd (Route 54) and Hudson Rd. The property is positioned in a growing residential area, with existing homes nearby and over 3,200 additional homes planned. This location is suitable for a shopping center, multiple retail businesses, medical offices, or other professional offices. The property is located 8 miles from the beach. The seller will finance up to 70% of the purchase price at 1 percent below the current prime lending rate for up to 5 years. The seller will sell a 3-acre parcel on the corner of Hudson Rd and RT 54 for $3 million.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Auto Parts Store Storage Facility Garden Center Electrical Service Car Rental Facility Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Selbyville
    County
    Sussex
    State
    Delaware
    Longitude
    -75.1778874
    Latitude
    38.4638962

    Nearby Similar for Sale

    • $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
    • $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
    • $630,000

      Signature Boulevard Property For Sale

      Specialty property available for purchase on Signature Boulevard.
      11294 Signature Blvd, Selbyville, DE 19975
      View Details
    • $595,000

      Unique Specialty Property for Sale

      Specialty property available for purchase in Selbyville, Delaware.
      36314 Old Mill Pond Rd, Selbyville, DE 19975
      View Details
    • $695,000

      Selbyville Specialty Property For Sale

      Specialty property available for purchase in Selbyville, Delaware.
      37143 Solitude Dr, Selbyville, DE 19975
      View Details
    • $544,900

      Selbyville Specialty Property For Sale

      Specialty property available for purchase in Selbyville, Delaware.
      36768 Breakwater Run, Selbyville, DE 19975
      View Details
    • $445,000

      KETCH Dr, Selbyville, DE Property

      Specialty property for sale in Selbyville, Delaware.
      38518 Ketch Dr, Selbyville, DE 19975
      View Details
    • $484,000

      Selbyville Specialty Property For Sale

      Specialty property available for purchase in Selbyville, Delaware.
      27284 Shipwreck Dr, Selbyville, DE 19975
      View Details
    • $430,000

      Mallard Drive Land Opportunity

      Land available on Mallard Drive, Selbyville, Delaware.
      37032 Mallard Dr, Selbyville, DE 19975
      View Details
    • $649,000

      Dockside Drive Specialty Property

      Specialty property for sale on Dockside Drive.
      38178 Dockside Dr, Selbyville, DE 19975
      View Details
    • $925,000

      Resort Drive Specialty Property

      Specialty property available for sale on Resort Drive.
      11655 Resort Dr, Selbyville, DE 19975
      View Details
    • $795,000

      Ocean Vista Drive Condo

      Condo for sale at Ocean Vista Drive.
      38348 Ocean Vista Dr, Selbyville, DE 19975
      View Details

    FAQs

    What type of property is this?
    Commercial land - 10.09 acres of commercial land in Selbyville, Delaware.
    Where is this commercial land located?
    The property is located at 32474 Lighthouse Rd Selbyville, DE.
    What is the asking price?
    The asking price for this property is $5,900,000.
    What are key features of this property?
    This property features: - Prime commercial location at a busy intersection (Lighthouse Sound Rd. & Hudson Rd.); - Significant residential development nearby with over 3,200 new homes planned.; - Seller financing available for up to 70% of the purchase price.
    (443) 856-2211
    Request Owner's contact information
    32474 Lighthouse 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.
    32474 Lighthouse 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
    32474 Lighthouse 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
    Nancy Reither
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!