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Property profile & analytics
OFF-MARKET Estimated value $760,000
Commercial real estate

132 Market St Georgetown, DE 19947-1508

0.18 ac lot
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US17-0107581
Property summary
AI-generated overview

This exceptional 1,500 square foot single-tenant office space is ideally located at 132 E Market St in Georgetown, Delaware, 19947. The property boasts a convenient single-story building with ample space for a variety of commercial uses. The zoning is designated as Commercial, ensuring flexibility for diverse business operations. Currently, the entire 1,500 square feet is vacant, presenting a unique opportunity for immediate occupancy. This prime location offers significant advantages, particularly given the recent construction of a new Family Court just two doors away. This development is expected to generate increased foot traffic and accessibility, creating a highly desirable environment for businesses seeking to establish a presence in the thriving Georgetown community. The strategic proximity to the Family Court presents a compelling opportunity for businesses that cater to legal professionals, support services, or the general public utilizing the court's services. The property's single-tenant occupancy ensures exclusive use and control of the space, providing a seamless and efficient work environment. This is a rare opportunity to secure a well-positioned commercial space in a rapidly developing area of Georgetown, Delaware. Don't miss this chance to capitalize on the growth and increased visibility this location offers.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.18 ac (7,919 SF)
Zoning code TN
APN 135-14.20-221.01
UPID US17-0107581
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
$720k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$760k
Owner & transaction history
Wakc LLC · 1 yrs held
Wakc LLC
since 2025
Last sale
$760,000
1 recorded transaction
2025
$760,000
Zoning & alternative use
TN · Georgetown, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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