Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9 Loockerman St Dover, DE 19904
    Property profile & analytics

    9 Loockerman St, Dover, DE 19904

    View on Map
    • Retail properties & Spaces
    • 1,800 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Colonial Investment and Management Co., Inc. / Property Management Company
    • CE Buys LLC Delaware HQ / Arcade & Gaming Center / Electronics & Wireless Store
    • DUTY LLC / (Bike/Boat/Book/etc) Store / Corporate Office
    • Spiegel & Utrera, P.A. / Law Firm
    • Peace of Mind Inc / Physician / Medical Clinic

    Property Details for 9 Loockerman St

    Property type
    Retail properties & Spaces

    Description

    This exceptional 1,800 square foot retail space is ideally situated at 9 W Loockerman Street in Dover, Delaware, within Kent County. The property is a single-tenant building, offering complete flexibility for a new business or relocation. The entire 1,800 square feet is currently vacant and ready for immediate occupancy. This presents a unique opportunity for a business seeking a prominent location in a thriving Delaware community. The property's address is easily accessible, providing excellent visibility and convenient access for customers. The building's commercial zoning allows for a wide range of retail uses, subject to local regulations. Interested parties are encouraged to conduct their own due diligence to confirm suitability for their intended business operations. The property is located in the 19904 zip code, offering convenient access to major transportation routes and amenities. This is a fantastic opportunity to establish a strong retail presence in a desirable location. The property is available for lease, and interested parties should contact the listing agent for further details and to schedule a viewing. The property's size and location make it an attractive option for a variety of retail businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dover
    County
    Kent
    State
    Delaware
    Longitude
    -75.4578
    Latitude
    39.2081

    Comparable in this City

    • Value Estimation by Request
      171,310 SF

      201 Towne Ctr Dr

      Retail properties & Spaces
      201 Towne Ctr Dr, Dover, DE 19904
      View Details
    • Value Estimation by Request
      3,200 SF

      8 Greentree Dr

      Retail properties & Spaces
      8 Greentree Dr, Dover, DE 19904
      View Details
    • Value Estimation by Request
      864 SF

      1330 Forrest Ave

      Office Spaces
      1330 Forrest Ave, Dover, DE 19904
      View Details
    • Value Estimation by Request
      0.51 Acres

      517 Division St

      Restaurants
      517 Division St, Dover, DE 19904
      View Details
    • Value Estimation by Request
      0.52 Acres

      317 Division St

      Retail properties & Spaces
      317 Division St, Dover, DE 19904
      View Details
    • Value Estimation by Request
      13,300 SF

      1678 Governors Ave

      Lifestyle centers
      1678 Governors Ave, Dover, DE 19904
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.52 Acres

      Dover Retail Space & Garages

      High-potential retail space with ample garage storage.
      317 Division St, Dover, DE 19904
      View Details
    • Contact for pricing
      0.51 Acres

      Dover Build-to-Suit Opportunity

      Prime 0.51-acre lot, build-to-suit lease.
      517 Division St, Dover, DE 19904
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,800 SF

      Retail and Office Development

      Retail and office spaces for lease in Dover, DE.
      275 Allen Ct, Dover, DE 19904
      View Details
    • Contact for pricing
      14,370 SF

      Retail and Office Development

      Retail and office spaces for lease in Dover, DE.
      225 Allen Ct, Dover, DE 19904
      View Details
    • Contact for pricing
      60,000 SF

      Retail and Office Development

      Retail and office spaces for lease in Dover, DE.
      201 Towne Center Dr, Dover, DE 19904
      View Details
    • Contact for pricing

      Retail Space in Dover Center

      Retail space available in grocery anchored shopping center.
      1000 Forrest Ave, Dover, DE 19904
      View Details
    • Contact for pricing
      5,250 SF

      Retail and Office Development

      Retail and office spaces for lease in Dover, DE.
      101 Towne Center Dr, Dover, DE 19904
      View Details
    • Contact for pricing
      10,200 SF

      Retail Space on Dupont Highway

      Retail space available in Dover, Delaware with high visibility.
      1660-1724 S Governors Ave, Dover, DE 19904
      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.
    9 Loockerman St
    Dover, DE 19904
    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
    9 Loockerman St, Dover, DE, 19904
    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!