Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Redden Rd Bridgeville, DE 19947
    Property profile & analytics

    Redden Rd, Bridgeville, DE 19947

    View on Map
    • Land
    • 3.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Redden Rd

    Lot size
    3.00 lot acres
    Property type
    Land

    Description

    This exceptional 3-acre commercial land parcel presents a unique investment opportunity in Sussex County, Delaware. Located at 0 Redden Rd, Georgetown, DE 19947, this property boasts a highly desirable CR-1 zoning designation, opening doors to a variety of commercial ventures. The site's strategic location at the intersection of northbound Route 113 (Dupont Blvd) and Redden Rd ensures exceptional visibility and accessibility, benefiting from an average daily traffic count of 10,659 vehicles. A proposed site plan envisions a convenience store with gas pumps, capitalizing on the substantial traffic flow. This property represents one of the last available development sites north of Georgetown, extending towards Ellendale, making it ideally positioned to capture both northbound and southbound traffic to and from the Delaware beaches. The parcel's size, location, and zoning make it an attractive proposition for developers and investors seeking high-traffic exposure and significant growth potential. The property's APN is 135-06.00-10.00, and the asking price is $2,400,000. This is a rare opportunity to acquire a prime commercial site in a thriving Delaware market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeville
    County
    Sussex
    State
    Delaware
    Longitude
    -75.4748
    Latitude
    38.7511

    Comparable in this City

    • Value Estimation by Request
      19.24 Acres

      24778 Dupont Blvd

      Land
      24778 Dupont Blvd, Georgetown, DE 19947
      View Details
    • Value Estimation by Request
      70.78 Acres

      Rt. 113 & Pebblestone Ln

      Land
      0 Rt. 113 & Pebblestone Ln, Georgetown, DE 19947
      View Details
    • Value Estimation by Request
      24.55 Acres

      Zoar Rd And Sussex Pne Rd

      Land
      0 Zoar Rd And Sussex Pne Rd, Georgetown, DE 19947
      View Details
    • Value Estimation by Request
      3.49 Acres

      330 Railroad Ave

      COMMERCIAL (GENERAL)
      330 Railroad Ave, Georgetown, DE 19947-2011
      View Details
    • Value Estimation by Request
      9.21 Acres

      Seashore Hwy

      Farms
      0 Seashore Hwy, Georgetown, DE 19947
      View Details
    • Value Estimation by Request
      0.70 Acres

      18276 Dupont Blvd

      COMMERCIAL (GENERAL)
      18276 Dupont Blvd, Georgetown, DE 19947-3118
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Georgetown Land with Development Potential

      16-acre parcel with semi-completed house, cottage, and pond.
      22495 Lewes Georgetown Hwy, Georgetown, DE 19947
      View Details
    • $1,175,750
      Pending

      47 Acres Surrounded by Forest

      Land in Cape School District surrounded by State Forest.
      21063 Wilson Rd, Georgetown, DE 19947
      View Details
    • $90,000

      Land in Georgetown, Delaware

      Land available in Georgetown, Delaware, pending easement ruling.
      16930 Wilson Hill Rd, Georgetown, DE 19947
      View Details
    • $1,799,000

      Land For Sale Georgetown

      Land available near Airport Road in Georgetown, Delaware.
      319 Airport Rd, Georgetown, DE 19947
      View Details
    • $456,750
      18.27 Acres

      Georgetown, DE Vacant Land

      18.27 acres of wooded land in Georgetown, Delaware.
      5 Shortly Rd, Georgetown, DE 19947
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo

      Commercial Land For Lease

      0.38 acre commercial land for lease in Georgetown, DE.
      309 S Railroad Ave, Georgetown, DE 19947
      View Details
    • Contact for pricing

      Restaurant and Pad Site Available

      Restaurant space and pad site available in Georgetown, Delaware.
      County Seat Hwy, Georgetown, DE 19947
      View Details
    • $880 /Mo
      6,970 SF

      Georgetown Office Space For Lease

      Class A office space near Georgetown's Circle available for lease.
      4 E Laurel St, Georgetown, DE 19947
      View Details
    Request Owner's contact information
    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.
    Redden Rd
    Bridgeville, DE 19947
    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
    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

    Thank You for Inquiry
    Redden Rd, Bridgeville, DE, 19947
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!