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    Property profile & analytics

    601 Ridge Ave Middletown, DE 19709

    • Outlet malls
    • 80,680 SF
    • 7.74 lot acres
    For Lease
    View listing
    Value Estimation
    Last Sale
    Jun 03, 2025
    Location Intelligence
    Property ID
    US17-0223280
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kohl's / Department Store
    • SEPHORA at Kohl's / Beauty Supply Store / Perfume Store

    Property Details for 601 Ridge Ave

    Year built
    2007
    Construction
    CONCRETE
    Lot size
    7.74 lot acres
    Property size
    80,680 SF
    Zone code
    23C-3
    Property type
    Outlet malls
    APN
    23-022.00-189
    APU
    2302200189

    Description

    This exceptional 1-acre retail pad site, located at 601 S Ridge Ave in Middletown, Delaware, presents a unique investment opportunity. Situated at the intersection of Middletown Warwick Road and Bunker Hill Road in New Castle County, this property offers unparalleled visibility and accessibility. The site is zoned for commercial use and is ideal for a single-tenant retail development, particularly suited for a drive-thru operation given its "pad" site designation. The land encompasses 43,560 square feet, providing ample space for building construction and associated parking. The property's location within the thriving Middletown community ensures high traffic volume and a strong customer base. This ground lease opportunity allows for significant development potential, capitalizing on the strategic location and high demand for retail space in this rapidly growing area. The property's address is 601 S Ridge Ave, Middletown, DE 19709. Its convenient location and significant size make it an attractive proposition for businesses seeking a prominent presence in a bustling Delaware market. This is a single-tenant property, offering a streamlined approach to development and management. The property's coordinates are 39.4479706 latitude and -75.7340599 longitude. This is a ground lease only opportunity.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7336
    Latitude
    39.4473
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $74,126
    $337,200
    $2,057,900
    $2,395,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $45,000
      2,040 SF

      4446 Smt Brg Rd

      SHOPPING CENTER, STRIP CENTER • 2,040 SF
      4446 Smt Brg Rd, Middletown, DE 19709-9399
      View Details
    • Value Estimation
      $985,000
      9,621 SF

      460 Main St

      SHOPPING CENTER, STRIP CENTER • 9,621 SF
      460 Main St, Middletown, DE 19709-1063
      View Details
    • Value Estimation
      $420,000
      5,520 SF

      4435 Smt Brg Rd

      SHOPPING CENTER, STRIP CENTER • 5,520 SF
      4435 Smt Brg Rd, Middletown, DE 19709-9549
      View Details
    • Value Estimation
      $405,000
      5,000 SF

      401 Main St

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      401 Main St, Middletown, DE 19709-1491
      View Details
    • Value Estimation
      $520,000
      14,400 SF

      488 Middletown Warwick Rd

      SHOPPING CENTER, STRIP CENTER • 14,400 SF
      488 Middletown Warwick Rd, Middletown, DE 19709
      View Details
    • Value Estimation
      $320,000
      12,827 SF

      2386 Dupont Pkwy

      SHOPPING CENTER, STRIP CENTER • 12,827 SF
      2386 Dupont Pkwy, Middletown, DE 19709
      View Details

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      5,700 SF

      Community Shopping Center Retail Space

      Retail and office space available in Middletown, Delaware.
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      Retail and office space available in Middletown, Delaware.
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      Retail Space in Bayview Crossing

      Prime retail opportunity in high-traffic Middletown shopping center.
      2470 N Dupont Pkwy, Middletown, DE 19709
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      Retail Space in Middletown Crossing

      Retail shopping center with dining and development opportunities.
      300 E Main St, Middletown, DE 19709
      View Details
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      Retail Space in Middletown Corridor

      Prime retail spaces available in high-traffic Middletown location.
      851 Middletown Warwick Rd, Middletown, DE 19709
      View Details
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    Middletown, DE 19709
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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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