Financial
Distress signals
Property profile

231 New St Smyrna, DE 19977

OFF-MARKET
Other commercial real estate
Property ID
US17-0005148
1,056 SF 0.2 ac lot Built 1980
Last sale Nov 2020 · $175,000
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

A stand-alone office building located at 231 New Street in Smyrna, Delaware, on busy Route 300. The property was completely remodeled in 2008, with improvements including new siding, new windows, and HVAC upgrades, creating a refreshed professional office environment. The building includes on-site parking and is configured to support professional office uses, with potential applications identified for law, medical, and other professional services.

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?
$1k
Tax billed · 2023
Assessed value$45k
Assessed land$10k
Assessed improvement$34k
Effective rate2.66%

Value estimate

· Sep 2026
$240k
$216k – $264k
AI approach$255k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$142/SF
ZIP average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$64 – $187

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
LC
General categoryCOMMERCIAL
JurisdictionKENT

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency16.4
Parking Facility11.0
HVAC Service11.0

Location

231 New St Smyrna, DE 19977-1133
County assessor Recorded deeds · 1 transfer 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
10 Delaware, Smyrna, DE 19977-1188 $80,000 Feb 2025 1,752 SF
56 Fritz, Smyrna, DE 19977-2828 $2,050,000 Aug 2024 1,152 SF
119 Dupont, Smyrna, DE 19977-1549 $130,000 May 2024 825 SF
421 Smyrna Clayton, Smyrna, DE 19977-1273 $296,700 Jul 2022 1,680 SF
3592 Dupont, Smyrna, DE 19977-2857 $270,000 Jul 2021 1,040 SF
121 Gtwy N, Smyrna, DE 19977 $220,001 May 2021 1,880 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 231 New St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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