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Property profile & analytics
OFF-MARKET
Commercial real estate
146 State St Dover, DE 19901-7314
Entity Owned
~
Est. High Equity
Property ID
US17-0120657
Property summary
AI-generated overview
This exceptional three-story office building, located at 146 S State Street in the heart of Dover, Delaware, presents a compelling investment opportunity. The property boasts a total of 5,497 square feet, situated on a 0.17-acre lot. The first and second floors each feature four individual offices and two bathrooms, providing ample space for multiple tenants or a single large organization. The third floor offers versatile space, currently configured as a one-bedroom apartment, ideal for private office use or additional rental income. A significant advantage is the on-site parking lot, accommodating up to ten vehicles – a valuable asset in a downtown location. The building's central downtown location makes it eligible for potential downtown grants, further enhancing its investment appeal. The property's current configuration and location offer flexibility
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1890
Total area
5,497 SF
Lot
0.17 ac (7,405 SF)
Zoning code
C2
APN
2-05-077.09-02-58.00-000
UPID
US17-0120657
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
-
Main Street Home Loans Loan Service Bank
-
Loft Realty Real Estate Agency
-
Patricia Erickson - Delaware Realtor Real Estate Agency
-
Karla Montes - Delaware Realtor Real Estate Agency
-
Austin Gardner - Delaware Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bartana LLC
Bartana LLC
since 2025
Last sale
$450,000
4 recorded transactions
Zoning & alternative use
C2 · Dover, 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 Dover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dover 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$1,937
Tax year 2023
Assessed value
$65,800
Assessed 2023
Previous assessed
$65,800
+0.0% YoY
Effective rate
2.94%
On assessed value
Assessed land
$18,000
Assessed improvement
$47,800
Applied tax rate
5.0000
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
1890
Heating
NONE
Total area
5,497 SF
Lot
0.17 ac (7,405 SF)
Zoning code
C2
APN
2-05-077.09-02-58.00-000
UPID
US17-0120657
Jurisdiction
KENT
Zoning & alternative use
C2 · Dover, DE
Zoning C2 · permitted uses
C2 · Dover, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dover. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1890
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
Bartana LLC
Entity
Mailing address
33 S STATE ST, DOVER, DE 19901-7311
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2025
$450,000
Bartana LLC
State Street 146 Properties LLC
Deed
$728,000 · Wilmington Savings Fund Society Fsb
Feb 6, 2019
—
State Street 146 Properties LLC
—
Deed
related
$412,500 · M & T Bank
Jan 14, 2019
—
State Street 146 Properties LLC
—
Deed
related
$412,500 · M & T Bank
Oct 2, 2017
$190,000
State Street 146 Properties LLC
Thomas C Jackson
Deed
$221,000 · Cnb
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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