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    11117 Laurel Rd Laurel, DE 19956

    For Sale
    $749,000

    1.75 Acres, AR-1 Zoning, Income Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 1.75-acre property, located at 11117 Laurel Road in Laurel, Delaware (zip code 19956), presents a unique investment opportunity. Currently zoned AR-1, the land offers significant potential for future development, including the possibility of commercial zoning. The asking price is $749,000, translating to $428,000 per acre. A single-family residence currently sits on the property and is generating rental income for the owner. This provides a current revenue stream while the buyer explores future development options. The property's location in Sussex County, Delaware, offers easy access to local amenities and transportation routes. The latitude and longitude coordinates are 38.55499067387255 and -75.55532803797577 respectively. This land parcel represents a compelling blend of immediate income generation and long-term development potential, making it an attractive proposition for discerning investors seeking a versatile property in a desirable location. Serious inquiries are encouraged to explore the full potential of this unique offering. The property is situated in a convenient location within Sussex County, Delaware.

    Property Features for 11117 Laurel Rd

    General Information

    Property type
    Land
    Lot Size
    76,230 SF

    HighLights

    • 1.75‑acre lot located at 11117 Laurel Road, Laurel, DE 19956, priced at $749,000 ($428,000/acre).
    • Currently zoned AR‑1 with potential for commercial rezoning.
    • Includes a single‑family rental home providing immediate cash flow.
    • Convenient Sussex County location with easy access to amenities and transportation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Laurel
    County
    Sussex
    State
    Delaware
    Longitude
    -75.555328037976
    Latitude
    38.554990673873

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    FAQs

    What type of property is this?
    Land - 1.75 Acres, AR-1 Zoning, Income Potential
    Where is this land located?
    The property is located at 11117 Laurel Rd Laurel, DE.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: 1.75-acre lot located at 11117 Laurel Road, Laurel, DE 19956, priced at $749,000 ($428,000/acre).; Currently zoned AR-1 with potential for commercial rezoning.; Includes a single-family rental home providing immediate cash flow.
    (302) 236-7053
    Request Owner's contact information
    11117 Laurel Rd Laurel, DE 19956
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    Laurel, DE 19956
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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
    11117 Laurel Rd Laurel, DE 19956
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