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    Property profile & analytics

    38188 Dupont Blvd Selbyville, DE 19975

    • Commercial real estate
    • 0.75 lot acres
    For Sale
    View listing
    $1,150,000
    Value Estimation
    Last Sale
    Jun 06, 2022
    Location Intelligence
    Property ID
    US17-0249913
    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

    • CELAJES RESTAURANT / Restaurant
    • Tulum Restaurant / Restaurant
    • Cactus Cafe / Restaurant / Mexican Restaurant

    Property Details for 38188 Dupont Blvd

    Lot size
    0.75 lot acres
    Zone code
    TN
    Property type
    Commercial real estate
    APN
    533-16.00-49.01
    APU
    53316004901

    Description

    This exceptional 0.7-acre property at 38188 Dupont Boulevard in Selbyville, Delaware, presents a unique investment opportunity. The building, formerly operating as the Cactus CafГ©, boasts a rich history of over 30 years serving the local community. Its prime location on Route 113 ensures high visibility and accessibility for customers. The turnkey operation includes all necessary equipment for immediate restaurant operation, eliminating the need for significant upfront investment. The spacious interior comfortably seats 100 patrons, complemented by a full bar and service bar, enhancing the dining experience. Multiple televisions cater to sports enthusiasts, adding to the ambiance. Practical features include a walk-in cooler and a walk-in freezer, streamlining operations. Ample parking is provided with 50 spaces. The property is currently leased, offering flexibility for a new owner to either continue the existing restaurant operation (with potential lease renegotiation) or pursue redevelopment options, given its desirable location and established infrastructure. The asking price is $1,150,000. This presents a compelling opportunity for an experienced restaurateur or a developer seeking a prime location in a thriving community.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $265,000
      6.5%
      $260,000
      7%
      $265,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $220,000
      Geo Method
      $220,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $265,000
      Retail
      $220,000
      Mixed-Use
      $295,000
      Hospitality
      $265,000
      Educational
      $220,000
      Residential Income
      $270,000
      Energy
      $255,000
      Income-Based Land
      $295,000
      Food Service
      $280,000

    Location Insight

    • Map
    • Local Demand
    City
    Selbyville
    County
    Sussex
    State
    Delaware
    Longitude
    -75.2344
    Latitude
    38.4609
    CBSA code
    41540
    CBSA name
    SALISBURY, MD-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
    $1,970
    $6,300
    $41,350
    $47,650
    -
    $12,600
    $82,700
    $95,300

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    Selbyville, DE 19975
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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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