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    905 Governors Ave Dover, DE 19904

    For Sale
    $4,200,000

    Income-producing office, prime Dover location.

    Property size:
    1,710 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1,710 square foot executive office building at 905 S. Governors Ave, Dover, Delaware, is offered for sale at $4,200,000. The property boasts a highly desirable location in Kent County, zip code 19904, and features strong, long-term income generation. Currently occupied by the Delaware Department of Elections and the Department of Child Support Services – both state tenants with multiple years remaining on their leases – this presents a secure investment opportunity. The building's asking price equates to $2,456.14 per square foot. In addition to the existing leases, there is also 1,710+ square feet of office space available for lease, providing further potential for rental income. This property is an excellent choice for investors seeking a stable, income-producing asset in a prime Delaware location. The building's address is 905 S Governors Ave, Dover, DE 19904. The property is classified as an Executive Office building.

    Property Features for 905 Governors Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,710 SF

    HighLights

    • Excellent income‑producing property.
    • Strong tenant base: Delaware Department of Elections and Department of Child Support Services.
    • Long‑term leases with the State of Delaware.
    • 1,710 square feet of office space available for lease.
    • $4,200,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Division of Child Support ... Social Services Organization Healthcare Center At Dover Assisted Living Facility UX Portable Potty ... Portable Toilet Supplier Elections Commissioner State Government Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dover
    County
    Kent
    State
    Delaware
    Longitude
    -75.5248832
    Latitude
    39.1461197

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    FAQs

    What type of property is this?
    Office Property / Space - Income-producing office, prime Dover location.
    Where is this office property / space located?
    The property is located at 905 Governors Ave Dover, DE.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: Excellent income-producing property.; Strong tenant base: Delaware Department of Elections and Department of Child Support Services.; Long-term leases with the State of Delaware.
    Request Owner's contact information
    905 Governors Ave Dover, DE 19904
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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
    905 Governors Ave Dover, DE 19904
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