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Property profile & analytics

1215 State St Dover, DE 19901

  • Commercial real estate
  • 11,928 SF
  • 1.40 lot acres
Value Estimation
$2,750,000
Last Sale
Oct 20, 2021
$2,300,000
Location Intelligence
Property ID
US17-0082269
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

  • Thomas A. Kolakowski Jr, RPH / Pharmacy
  • Walgreens Photo / Passport Photo Processor / Photo Lab
  • FedEx OnSite / Mailing Service
  • Trevor S. Gonsalves, PharmD / Pharmacy
  • Johnna H. Ho, BS / Pharmacy

Property Details for 1215 State St

Year built
2001
Lot size
1.40 lot acres
Property size
11,928 SF
Zone code
C4
Property type
Commercial real estate
APN
2-05-086.05-02-01.00-000
APU
20508605020100000

Description

This exceptional 12,000-square-foot retail property, situated on a generous 1.4-acre lot at 1215 S. State St in Dover, Delaware, presents a unique investment or leasing opportunity. The property is currently vacant, offering a blank canvas for a discerning tenant to create their ideal retail space. The zoning is C-4 Highway Commercial, allowing for a wide range of commercial uses. Ample parking is available on-site, ensuring convenient access for customers and employees. The building's single-tenant configuration provides flexibility and control. Located in Dover, Delaware, with a zip code of 19901, this property benefits from high visibility and accessibility due to its strategic location on S. State St. The property's size and zoning make it suitable for a variety of retail businesses seeking a prominent presence in a thriving Delaware market. This is a rare opportunity to acquire a substantial retail space in a desirable location with significant potential for growth and return on investment. The property is available for lease, offering a chance to establish a strong foothold in a busy commercial area. Interested parties are encouraged to inquire for further details and leasing options. The property's address is 1215 S. State St, Dover, DE 19901.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $2,905,000
  • CAP approach

    CAP return
    Estimation
    6%
    $2,400,000
    6.5%
    $2,365,000
    7%
    $2,480,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $2,360,000
    Geo Method
    $2,285,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $2,105,000
    Retail
    $2,825,000
    Mixed-Use
    $2,555,000
    Hospitality
    $2,470,000
    Educational
    $2,190,000
    Residential Income
    $2,130,000
    Energy
    $2,810,000
    Income-Based Land
    $2,255,000
    Food Service
    $2,865,000

Location Insight

  • Map
  • Local Demand
City
Dover
County
Kent
State
Delaware
Longitude
-75.5223
Latitude
39.1429
CBSA code
20100
CBSA name
DOVER, DE 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
$9,752
$47,800
$283,500
$331,300
-
$0.00
$0.00
$0.00
More about this property
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