Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    College Park Dr Georgetown, DE 19947
    Property profile & analytics

    College Park Dr, Georgetown, DE 19947

    View on Map
    • Retail properties & Spaces
    • 1,821 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 College Park Dr

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional 1,821 square foot retail storefront is ideally situated in Georgetown, Delaware, at College Park Dr, zip code 19947. The property is a single-tenant space, currently vacant and ready for immediate occupancy. Its convenient location offers excellent visibility and accessibility for customers. The entire 1,821 square feet is available, providing ample space for a variety of retail businesses. The property's classification is Retail, with a Storefront subtype. This presents a unique opportunity for entrepreneurs and established businesses seeking a high-traffic location in a thriving Delaware community. The address is College Park Dr, Georgetown, DE 19947, with GPS coordinates of 38.7011395 latitude and -75.4058376 longitude. This property is perfect for a business looking to establish a strong presence in a vibrant area. The building's size and layout offer flexibility for various retail concepts. Serious inquiries are encouraged to explore this promising retail investment. The property is ready for immediate lease and offers a blank canvas for a new business venture. Don't miss this chance to secure a prime retail space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Sussex
    State
    Delaware
    Longitude
    -75.4058
    Latitude
    38.7011

    Comparable in this City

    • Value Estimation by Request

      00 County Seat Hwy

      Retail properties & Spaces
      00 County Seat Hwy, Georgetown, DE 19947
      View Details
    • Value Estimation by Request
      18,400 SF

      County Seat Hwy

      Restaurants
      0 County Seat Hwy, Georgetown, DE 19947
      View Details
    • Value Estimation by Request
      3.00 Acres

      Redden Rd

      Land
      0 Redden Rd, Bridgeville, 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
    • Value Estimation by Request
      0.46 Acres

      19096 Dupont Blvd

      COMMERCIAL (GENERAL)
      19096 Dupont Blvd, Georgetown, DE 19947-3109
      View Details
    • Value Estimation by Request
      0.69 Acres

      18165 Dupont Blvd

      COMMERCIAL (GENERAL)
      18165 Dupont Blvd, Georgetown, DE 19947-3126
      View Details

    Similar Nearby for Sale

    • $369,900

      Georgetown Mixed-Use Investment Opportunity

      Mixed-use property near downtown Georgetown with redevelopment potential.
      109 Bedford St, Georgetown, DE 19947
      View Details
    • $1,100,000
      3,200 SF

      Georgetown Restaurant & Real Estate

      Established Restaurant, Turn-Key Operation, High Traffic Area.
      115 Market St, Georgetown, DE 19947
      View Details
    • Contact for pricing

      Georgetown Retail Opportunity

      Prime Sussex County Restaurant Site
      00 County Seat Hwy, Georgetown, DE 19947
      View Details
    • Contact for pricing
      3.65 Acres

      Georgetown Office Space - High Visibility

      Versatile Office Space, High Traffic Area
      21309 Berlin Rd, Georgetown, DE 19947
      View Details
    • $1,849,000
      11,200 SF

      Georgetown Mixed-Use Investment Opportunity

      7.71 Acres, Multi-Building Income Property
      24559 Dupont Blvd, Georgetown, DE 19947
      View Details
    • Contact for pricing
      0.58 Acres

      20303 Hardscrabble Rd, Georgetown, DE 19947

      Commercial real estate
      20303 Hardscrabble Rd, Georgetown, DE 19947
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr

      New Flex Building on Route 9

      New construction flex building with retail, office, warehouse potential.
      31013 Besche Ave, Georgetown, DE 19947
      View Details
    • Contact for pricing

      Commercial Property Near Dupont Blvd

      Versatile commercial space with high visibility and easy access.
      21309 Berlin Rd, 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
    • $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
    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.
    College Park Dr
    Georgetown, 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
    College Park Dr, Georgetown, 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!