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    118 Atlantic Ave Ocean View, DE 19970

    • Office Properties & Spaces
    • 4,000 SF
    • 0.75 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 118 Atlantic Ave

    Year built
    2004
    Lot size
    0.75 lot acres
    Property size
    4,000 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ocean View
    County
    Sussex
    State
    Delaware
    Longitude
    -75.0989
    Latitude
    38.5448

    Comparable in this City

    • Value Estimation by Request

      118 Atlantic Ave

      Medical offices
      118 Atlantic Ave, Ocean View, DE 19970
      View Details
    • Value Estimation by Request
      6.21 Acres

      Ocean View, DE 19970

      COMMERCIAL (GENERAL) • 6.21 Acres
      Ocean View, DE 19970
      View Details
    • Value Estimation by Request

      Ocean View, DE 19970

      COMMERCIAL (GENERAL)
      Ocean View, DE 19970
      View Details
    • Value Estimation by Request

      92 Atlantic Ave, Unit D

      COMMERCIAL CONDOMINUIM
      92 Atlantic Ave, Ocean View, DE 19970-9178
      View Details
    • Value Estimation by Request
      0.75 Acres

      Ocean View, DE 19970

      CHARITABLE ORGANIZATION • 0.75 Acres
      Ocean View, DE 19970
      View Details
    • Value Estimation by Request
      1.17 Acres

      Ocean View, DE 19970

      CHARITABLE ORGANIZATION • 1.17 Acres
      Ocean View, DE 19970
      View Details

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    Similar Nearby for Lease

    • $22 SF/Yr

      Ocean View Retail/Office Space

      Flexible 2,200 SF space in high-traffic plaza.
      29 Atlantic Ave, Ocean View, DE 19970
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      Small office space suitable for builder or retail business.
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      Retail space with excellent visibility, short term lease available.
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    • Contact for pricing
      1,285 SF

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    118 Atlantic Ave
    Ocean View, DE 19970
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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
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