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Property profile & analytics
OFF-MARKET
Estimated value
$4,295,000
Commercial real estate
12021 Hvn Dr Selbyville, DE 19975-3715
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US17-0289410
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2020
Total area
30,002 SF
Lot
369.04 ac (16,075,382 SF)
Zoning code
MR
APN
533-19.00-36.01
UPID
US17-0289410
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
AI Approach
AI
by Request
CAP Approach
CAP
$5.49M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.30M
Owner & transaction history
Bayside Community Association INC · 1 yrs held
Bayside Community Association INC
since 2025
7 recorded transactions
Zoning & alternative use
MR · Selbyville, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
s and Residential Planned Community District § 200-34 R-3 Residential District. § 200-35 R-4 Residential District. § 200-36 Residential Planned Community (RPC) District. § 200-37 through § 200-41. (Reserved) Article VII MR Multifamily Residential District § 200-42 Purpose. § 200-43 Permitted uses. § 200-44 Permitted accessory uses. § 200-45 Conditional uses.…
Zone name
Multifamily Residential
General category
RESIDENTIAL
Zone area
21.72 ac
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 Selbyville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Selbyville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,940,000
6.5%
$5,485,000
7%
$5,090,000
Blend value · Realmo final
$4.30M
Range $3.87M – $4.72M · ±10%
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
$143 / 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
$107,595
Tax year 2023
Assessed value
$2,509,200
Assessed 2024
Previous assessed
$2,509,200
+0.0% YoY
Effective rate
4.29%
On assessed value
Assessed land
$2,135,700
Assessed improvement
$373,500
Land market value
$4,182,000
Improvement market value
$1,015,600
Total market value
$5,197,600
Applied tax rate
1.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2020
Heating
NONE
Cooling
NONE
Stories
2
Total area
30,002 SF
Lot
369.04 ac (16,075,382 SF)
Zoning code
MR
APN
533-19.00-36.01
UPID
US17-0289410
Jurisdiction
SUSSEX
Zoning & alternative use
MR · Selbyville, DEZoning MR · permitted uses
MR · Selbyville, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
s and Residential Planned Community District § 200-34 R-3 Residential District. § 200-35 R-4 Residential District. § 200-36 Residential Planned Community (RPC) District. § 200-37 through § 200-41. (Reserved) Article VII MR Multifamily Residential District § 200-42 Purpose. § 200-43 Permitted uses. § 200-44 Permitted accessory uses. § 200-45 Conditional uses. § 200-46 (Reserved) § 200-47 Permitted signs. § 200-48 Height, area and bulk requ
Zone name
Multifamily Residential
General category
RESIDENTIAL
Zone area
21.72 ac
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Cooling
Yes
Stories
2
Lot
369.04 ac
Current owner
From public records · entity-resolved
Bayside Community Association INC
Entity
Free & Clear · 1 yrs held
Mailing address
21 VLG GRN DRSTE200, OCEAN VIEW, DE 19970-3663
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2025
—
Bayside Community Association INC
Cmf Bayside LLC
Deed
related
—
Jan 4, 2021
$887,500
Freeman Arts Pavilion INC
Sussex Sports Amenities LLC
Grant Deed
—
May 19, 2020
—
Sussex Sports Amenities LLC
Cmf Bayside LLC
Grant Deed
related
—
Mar 9, 2017
—
Cmf Bayside LLC
Sussex Sports Amenities LLC
Grant Deed
related
—
May 13, 2015
—
Sussex Sports Amenities LLC
Cmf Bayside LLC
Grant Deed
related
—
Apr 10, 2015
—
Sussex Sports Amenities LLC
Cmf Bayside LLC
Grant Deed
related
—
Dec 27, 2005
$7,400,000
Sussex Sports Amenities LLC
Cmf Bayside LLC
Grant Deed
—
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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