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Property profile & analytics
OFF-MARKET Estimated value $2,630,000
Commercial real estate

20184 Coastal Hwy Rehoboth Beach, DE 19971-8020

8,840 SF 0.69 ac lot Built 1975
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US17-0199521
Property summary
AI-generated overview

This exceptional executive suite, located in the prestigious Coldwell Banker Premier building on Coastal Highway in Rehoboth Beach, Delaware, offers 115 square feet of prime office space. The suite is fully furnished, including a desk and chair, and provides ample storage. Rent includes high-speed Wi-Fi, complimentary black and white printing, and paid color printing services. A significant benefit is the provision of a physical address and mail collection service. The monthly rent is a flat fee of $500, regardless of square footage. Tenants enjoy 24-hour access to their suite and access to common areas, including break rooms, a lobby, and restrooms during standard business hours (9 AM - 5 PM Monday-Friday, 9 AM - 4 PM Saturday, and 1 PM - 5 PM Sunday). Please note that restroom access is limited to business hours. The building features two total suites, making this a highly desirable and exclusive opportunity. This is a multi-tenant commercial property situated in Sussex County. The suite is ideal for a single professional or small business seeking a fully equipped and convenient workspace in a prime Rehoboth Beach location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1975
Construction WOOD FRAME
Total area 8,840 SF
Lot 0.69 ac (30,096 SF)
Zoning code C-1
APN 334-13.00-322.00
UPID US17-0199521
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
$2.76M
CAP Approach CAP
$1.62M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.63M
Owner & transaction history
Rehoboth Realty INC · 3 yrs held
Rehoboth Realty INC
since 2022
Last sale
$2.5M
7 recorded transactions
2022
$2.5M
2022
$102,800
2010
Price N/A
2005
Price N/A
2005
$189,425
2005
Price N/A
2005
Price N/A
Zoning & alternative use
C-1 · Rehoboth Beach, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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