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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Commercial real estate
11027 Delaware Ave, Laurel, DE 19956-4402
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US17-0113647
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
1.24 ac (54,014 SF)
Zoning code
TN
APN
232-12.00-44.00
UPID
US17-0113647
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
-
Delmarva Irrigation and Millwright Agricultural Supply
-
Laurel Bushes Termite Removal Experts Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.25M
Owner & transaction history
Ram Investments LLC · 1 yrs held
Ram Investments LLC
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
TN · Laurel, 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 Laurel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Laurel 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
$1,250,000
ML approach
$1,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.25M (Sep 27 2024)
Last sale anchor
$1.25M
Sep 27 2024
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
—
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
$1,369
Tax year 2023
Assessed value
$51,950
Assessed 2024
Previous assessed
$51,950
+0.0% YoY
Effective rate
2.64%
On assessed value
Assessed land
$10,700
Assessed improvement
$41,250
Land market value
$21,400
Improvement market value
$32,500
Total market value
$53,900
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Heating
NONE
Cooling
CENTRAL
Lot
1.24 ac (54,014 SF)
Zoning code
TN
APN
232-12.00-44.00
UPID
US17-0113647
Jurisdiction
SUSSEX
Zoning & alternative use
TN · Laurel, DE
Zoning TN · permitted uses
TN · Laurel, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Laurel. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Lot
1.24 ac
Current owner
From public records · entity-resolved
Ram Investments LLC
Entity
Mailing address
11027 N DELAWARE AVE, LAUREL, DE 19956-4402
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2024
$1,250,000
Ram Investments LLC
Gm2s LLC
Deed
$1,260,000 · Trust Access Capital Corp
Jun 24, 2019
$540,000
Gm2s LLC
Route 13 Ventures LLC
Grant Deed
$405,000 · Bank Of Del Mar Va
Sep 5, 2017
$105,000
Route 13 Ventures
Sheriff Of Sussex County
Trustees Deed
related
—
Oct 29, 2009
—
Oneil Bros INC
—
Trustees Deed
related
—
Jul 10, 2006
—
Oneal Bros INC
—
Trustees Deed
related
$75,000 · Bank Of Delmarva NA
Mar 30, 2005
—
Oneal Brothers INC
—
Trustees Deed
related
$140,000 · Wilmington Trust Co
—
—
Oneal Brothers INC Aka One
—
Deed Of Trust
related
$138,847 · Wilmington Trust Co
—
—
O Neal Bros INC
—
Deed Of Trust
related
$655,000 · County Bank
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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