Financial
Distress signals
Property profile

9320 Old Racetrack Rd Delmar, DE 19940

FOR SALE
Other commercial real estate
Property ID
US17-0085895
1,440 SF 4.66 ac lot
Last sale Jun 2023 · $600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 4.66-acre site zoned Light Industrial (LI-2). It includes a 6,000 sq ft warehouse with a 22-foot ceiling height, featuring four 14' x 14' roll-up doors and individual access doors. The building is configured with the option for demising, allowing occupancy of all or portions. The site has an asphalt driveway and parking lot, and approximately 3.5 acres are fenced with an additional asphalt driveway and parking area. Utility and building improvements include a newly replaced…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value · 2024$68k
Assessed land$7k
Assessed improvement$61k
Effective rate5.05%

Value estimate

· Sep 2026
$875k
$788k – $963k
Submarket $/SF estimate$687k
NOI build-up
Gross scheduled income$50k
Vacancy & credit loss−$4k
Operating expenses−$7k
NOI · 3.62% cap applied$40k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$242/SF
County average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$111 – $477

Cap rate analysis

How does the asset earn?
3.62%
$40k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
HI-1
JurisdictionSUSSEX

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant13.1
Dental Office12.5
Building Supply12.3

Location

9320 Old Racetrack Rd Delmar, DE 19940
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
36671 Sussex Hwy, Delmar, DE 19940-3505 $1,931,833 Jul 2025 No data
105 State, Delmar, DE 19940-1155 $285,000 Feb 2025 No data
34911 Bi State, Delmar, DE 19940-3349 $408,000 Feb 2025 6,108 SF
36893 Bi State, Delmar, DE 19940-3428 $450,000 Aug 2024 No data
36877 Bi State, Delmar, DE 19940-3428 $478,000 Jan 2024 1,248 SF
9283 Old Racetrack, Delmar, DE 19940-3398 $622,000 Jul 2020 2,520 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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