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Financial
Distress signals
Property profile

109 Union St REAR Milton, DE 19968

FOR LEASE
Other commercial real estate
Property ID
US17-0381357
0.2 ac lot
Last sale Jan 2020 · $500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is an established restaurant space with an operating setup, including furniture and equipment. It consists of approximately 1,850 square feet and is configured to provide seating for 16 tables plus a 12-seat bar, supporting both dining and bar service within the existing interior layout. Interior features include a heat pump. The building is located on Union Street in Milton, Delaware, and was constructed in 1912. Parking is available on the street.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$1k
Tax billed · 2023
Assessed value · 2024$26k
Assessed land$2k
Assessed improvement$25k
Effective rate4.93%

Value estimate

· Oct 2026
$680k
$612k – $748k
AI approach$720k
NOI build-up
Gross scheduled income$33k
Vacancy & credit loss−$3k
Operating expenses−$7k
NOI · 354.50% cap applied$22k

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?
354.50%
$22k 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?
TN
JurisdictionSUSSEX

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop12.5
Auto Parts Store12.2
Dental Office12.1

Location

109 Union St, Unit REAR Milton, DE 19968
County assessor Recorded deeds · 4 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
403 Broadkill, Milton, DE 19968 $480,000 Feb 2026 No data
523 Federal, Milton, DE 19968-1113 $325,000 Mar 2025 No data
Milton, DE 19968 $1,000,000 Dec 2024 No data
102 Broadkill, Milton, DE 19968-1008 $800,000 Aug 2024 No data
103 Federal, Milton, DE 19968-1602 $150,000 Jul 2024 No data
407 Broadkill, Milton, DE 19968-1013 $385,000 Nov 2023 No data
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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