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Financial
Distress signals
Property profile

1198 Governors Ave A100 Dover, DE 19904

OFF-MARKET
Commercial real estate
Property ID
US17-0418930
18,532 SF Built 2007
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional Class A office property, located at 1198 S. Governors Ave in Dover, Delaware, offers a rare opportunity to lease executive office space in a prime location. The property consists of three buildings totaling 22,880 square feet, with ample parking available for tenants and their guests. Currently, the entire 22,880 square feet is vacant and immediately available for lease. Flexible lease terms are available to accommodate various business needs, with spaces ranging from a…

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?
$25k
Tax billed · 2023
Assessed value$855k
Assessed improvement$855k
Effective rate2.94%

Value estimate

· Oct 2026
$780k
$702k – $858k
CAP approach$3.68M
Submarket $/SF estimate$4.63M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$151/SF
ZIP average, outlier-cleaned · 53 recorded sales of this use type
Observed band · Q1–Q3$79 – $250

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C2A
JurisdictionKENT

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply20.5
Restaurant20.4
Wholesale Shop16.3

Location

1198 Governors Ave, Unit A100 Dover, DE 19904-6930
County assessor Recorded deeds · not on file 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
40 Ridgely, Dover, DE 19904-2710 $480,000 Jul 2025 18,240 SF
1240 Mckee, Dover, DE 19904-1381 $23,500,000 Apr 2025 42,437 SF
1406 Forrest, Dover, DE 19904-3398 $4,250,000 Apr 2025 30,200 SF
148 New, Dover, DE 19904-3232 $825,000 Oct 2024 5,928 SF
180 Mapledale, Dover, DE 19904-7118 $480,000 Sep 2024 23,100 SF
107 Mont Blanc, Dover, DE 19904-7624 $2,700,000 Sep 2024 9,920 SF
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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