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    200 Broadkill Rd Milton, DE 19968

    Sponsored
    For Sale
    $5,700,000

    High-yield Delaware multi-asset complex

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity in Milton, Delaware, featuring a lucrative mix of income-producing assets. This well-maintained complex comprises a 13,400 square foot self-storage facility with 97 units boasting 95-100% occupancy, generating consistent cash flow. A thriving car wash complements the self-storage, adding another layer of diversified income. Further enhancing the investment potential is a fully leased 6,312 square foot commercial building housing office and restaurant spaces. The entire complex sits on two parcels and totals between 20,000 and 25,000 square feet. The property benefits from a prime location, recently bolstered by the town's approval of a new 3,000-home development, indicating strong local economic growth. This presents a unique opportunity for investors seeking a stable, high-return portfolio addition. The asking price is $5,700,000, with a price per unit of $57,000 for the self-storage component. Detailed financials are available upon request with a signed NDA. Note that the square footage listed does not include the car wash.

    Property Features for 200 Broadkill Rd

    General Information

    Property type
    Automotive properties
    Square Feet
    20,000 SF

    Building Details

    Units
    100

    HighLights

    • High‑yield investment property featuring a self‑storage facility, a busy car wash, and a fully leased commercial building.
    • Self‑storage boasts nearly 100% occupancy, presenting strong economic potential.
    • Stable, diverse tenant base ensures long‑term income security.
    Property Profile Location Intelligence

    Current Use by Public Records

    Avery Hall Insurance ... Insurance Agency Beaches Seafood Seafood Restaurant Coastal Concrete Works ... Construction Company

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office 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
    Milton
    County
    Sussex
    State
    Delaware
    Longitude
    -75.312793941858
    Latitude
    38.788210106785

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    FAQs

    What type of property is this?
    Automotive property - High-yield Delaware multi-asset complex
    Where is this automotive property located?
    The property is located at 200 Broadkill Rd Milton, DE.
    What is the asking price?
    The asking price for this property is $5,700,000.
    What are key features of this property?
    This property features: High-yield investment property featuring a self-storage facility, a busy car wash, and a fully leased commercial building.; Self-storage boasts nearly 100% occupancy, presenting strong economic potential.; Stable, diverse tenant base ensures long-term income security.
    Request Owner's contact information
    200 Broadkill Rd Milton, DE 19968
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    Milton, DE 19968
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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
    200 Broadkill Rd Milton, DE 19968
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