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    201 Towne Ctr Dr Dover, DE 19904
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    201 Towne Ctr Dr, Dover, DE 19904

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    • Retail properties & Spaces
    • 171,310 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 201 Towne Ctr Dr

    Property type
    Retail properties & Spaces

    Description

    Eden Hill Farm, located at 201 Towne Centre Dr, Dover, DE 19904, presents a significant retail opportunity in Kent County. This established commercial center boasts a total of 171,310 square feet, offering exceptional flexibility for businesses of various sizes. The property currently features nine suites, with a substantial 153,020 square feet of vacant space available for lease. This presents a unique chance to secure a prominent presence in a thriving retail environment. Individual suites range from a minimum of 1,600 square feet to a maximum contiguous space of 60,000 square feet, catering to a wide array of tenant needs and business models. The property's strategic location in Dover, Delaware, ensures high visibility and accessibility for customers. The ample available space allows for customization and adaptation to suit specific business requirements, making it an ideal location for expansion or new ventures. This is a prime opportunity to establish or expand your business in a well-established and highly visible retail center. Contact us today to learn more about leasing opportunities at Eden Hill Farm.

    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
    -75.5385
    Latitude
    39.153

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      9 Loockerman St

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      3,200 SF

      8 Greentree Dr

      Retail properties & Spaces
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    • Value Estimation by Request
      864 SF

      1330 Forrest Ave

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      1330 Forrest Ave, Dover, DE 19904
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    • Value Estimation by Request
      0.51 Acres

      517 Division St

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    • Value Estimation by Request
      0.52 Acres

      317 Division St

      Retail properties & Spaces
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    • Value Estimation by Request
      13,300 SF

      1678 Governors Ave

      Lifestyle centers
      1678 Governors Ave, Dover, DE 19904
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    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
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    • $585,000
      1.00 Acre

      Retail Space on Forrest Avenue

      One-acre retail space suitable for fast food or medical development.
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    • $479,000
      29,620 SF

      Dover Industrial Land Opportunity

      Two parcels, ideal for development.
      38 Winding Creek Rd, Dover, DE 19904
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    Similar Nearby for Lease

    • $1,450 /Mo

      Retail Space on Loockerman Street

      Retail space for rent on Loockerman Street in Dover.
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    • $1,450 /Mo

      Retail Space on Loockerman Street

      Retail space available on Loockerman Street, 1,400 Sq Ft.
      125A W Loockerman St, Dover, DE 19904
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    • 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
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      14,370 SF

      Retail and Office Development

      Retail and office spaces for lease in Dover, DE.
      225 Allen Ct, Dover, DE 19904
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      Retail Space in Dover Center

      Retail space available in grocery anchored shopping center.
      1000 Forrest Ave, Dover, DE 19904
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    • 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
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    Dover, DE 19904
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    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
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