Back to Search
Property profile & analytics
OFF-MARKET
Commercial real estate
106 Commerce St Smyrna, DE 19977-1119
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US17-0247560
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1948
Total area
8,523 SF
Lot
0.69 ac (30,056 SF)
Zoning code
CC
APN
1-17-010.17-02-34.00-000
UPID
US17-0247560
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
TACO JARDIN Restaurant
-
i3a LLC Engineering Consultant
-
e2 Engineering Engineering Consultant
-
Painted Stave Distilling Brewery & Distillery Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Old Smyrna Theater LLC · 12 yrs held
Old Smyrna Theater LLC
since 2013
6 recorded transactions
Zoning & alternative use
CC · Smyrna, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Smyrna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smyrna submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,139
Tax year 2023
Assessed value
$80,500
Assessed 2023
Previous assessed
$80,500
+0.0% YoY
Effective rate
2.66%
On assessed value
Assessed land
$24,800
Assessed improvement
$55,700
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1948
Heating
NONE
Buildings
2
Total area
8,523 SF
Lot
0.69 ac (30,056 SF)
Zoning code
CC
APN
1-17-010.17-02-34.00-000
UPID
US17-0247560
Jurisdiction
KENT
Zoning & alternative use
CC · Smyrna, DE
Zoning CC · permitted uses
CC · Smyrna, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Smyrna. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1948
Heating
NONE
Buildings
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
Old Smyrna Theater LLC
Entity
Mailing address
21 W MT VERNON ST, SMYRNA, DE 19977-1159
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2022
—
Barrel Holdings LLC
—
Deed
related
$876,832 · Dover FCU
Feb 6, 2017
—
Barrel Holdings LLC
—
Deed
related
$840,000 · Dover FCU
Nov 5, 2013
$280,000
Old Smyrna Theater LLC
Slaughters INC
Grant Deed
related
—
Jan 4, 2013
$280,000
Old Smyrna Theater LLC
Slaughters INC
Deed
$210,000 · Dover FCU
Jan 18, 2012
—
Ford Properties LLC
—
Deed Of Trust
related
$3,315,000 · Artisans Bank
—
—
Ford Properties LLC
—
Deed Of Trust
related
$181,492 · Willis Harry D (te)
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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 106 Commerce 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.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
