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Property profile & analytics
OFF-MARKET
Estimated value
$1,930,000
Drive through restaurants
106 Sandhill Dr, Middletown, DE 19709-5849
Entity Owned
6-yr Hold
Free & Clear
Property ID
US17-0485801
Property summary
AI-generated overview
This exceptional 1,200 square foot executive office suite is available for lease in Middletown, Delaware's desirable Bunker Hill Centre. Located on the second floor of a two-story, 2007-built Class B building, this single-tenant space offers a highly functional layout. The suite includes four private offices, a full bath, and a half bath, along with a versatile conference room that could easily serve as an additional office. The property sits on 1.02 acres of land and boasts ample parking with 32 spaces available. The building is not equipped with elevators. This independently metered space provides tenants with convenient utility management. The property's zoning is 23M-I (Manufacturing Industrial), reflecting its location in a high-density area with strong business demand. The suite's premium features and convenient location make it an ideal space for businesses seeking a professional and efficient workspace. The APN is 2300500304. This is a unique opportunity to secure a highly desirable office space in a thriving Delaware community.
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2007
Construction
CONCRETE
Total area
3,600 SF
Lot
1.02 ac (44,431 SF)
Zoning code
23M-I
APN
23-005.00-304
UPID
US17-0485801
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
-
Toba Asian Fusion Restaurant
-
Village Of Bayberry South Maintenance Corporation Association / Organization
-
MOT Social Cafe & Coffee Shop
-
Premier Community Association Management, LLC Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.93M
Owner & transaction history
Firefly Prop Mgmt LLC · 6 yrs held
Firefly Prop Mgmt LLC
since 2020
Last sale
$1.7M
3 recorded transactions
Zoning & alternative use
23M-I · Middletown, 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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
Method
Estimation
Statistic approach
$2,240,000
ML approach
$2,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.93M
Range $1.74M – $2.12M · ±10% · vs last sale $1.65M (Apr 3 2020)
Last sale anchor
$1.65M
Apr 3 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$536 / SF
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
$8,149
Tax year 2023
Assessed value
$263,300
Assessed 2023
Previous assessed
$263,300
+0.0% YoY
Effective rate
3.09%
On assessed value
Assessed land
$44,400
Assessed improvement
$218,900
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
3,600 SF
Lot
1.02 ac (44,431 SF)
Zoning code
23M-I
APN
23-005.00-304
UPID
US17-0485801
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
23M-I · Middletown, DE
Zoning 23M-I · permitted uses
23M-I · Middletown, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
1.02 ac
Current owner
From public records · entity-resolved
Firefly Prop Mgmt LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 406, WYNNEWOOD, PA 19096-0406
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2020
$1,650,000
Firefly Prop Mgmt LLC
Cazz Holdings LLC
Grant Deed
—
Nov 22, 2017
—
Cazz Holdings LLC
—
Deed
related
$200,000 · The Wilmington Savings Bank
Sep 21, 2004
$305,000
Cazz Holdings LLC
Bunker Hill LLC
Grant Deed
related
$220,000 · Wilmington Savings Fund Societ
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.
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