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Property profile & analytics
OFF-MARKET
Commercial real estate

11342 Circle Dr Seaford, DE 19973

11 ac lot
Property ID
US17-0110984
Property summary
AI-generated overview

Exceptional 11-acre development opportunity in Seaford, Delaware, situated on Circle Drive. This property boasts two parcels, offering flexibility for separate or combined purchase. Parcel A encompasses approximately 3 acres of commercially zoned C1 land, ideally suited for self-storage development, representing one of the last commercially zoned parcels in Seaford heading east towards the Delaware beaches. This parcel offers excellent visibility and direct access to Route 20 East. Parcel B, an adjacent 8-acre parcel zoned R-1, presents significant residential development potential. The entire 11-acre tract is located in rapidly growing Sussex County, benefiting from no city taxes. Within a half-mile radius lies the established Village of Cool Branch (Ryan Homes), and within two miles, over 260 additional residential units are under development. This strategic location provides easy access to Route 20 East and is less than two miles from Route 13 (Sussex Highway), ensuring high visibility and convenient access for future residents and businesses. The asking price is $125,000, representing a $125,000 per acre land value. This presents a unique chance to capitalize on the burgeoning growth in Sussex County.

Property profile
Verified
Property type Commercial real estate
Lot 11 ac (479,160 SF)
UPID US17-0110984
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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