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Property profile & analytics
OFF-MARKET
Commercial real estate
20689 Milton Ellendale Hwy, Ellendale, DE 19941-2735
Entity Owned
2-yr Hold
Absentee Owner
Property ID
US17-0278958
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2021
Total area
1,344 SF
Lot
22.25 ac (969,210 SF)
Zoning code
GR
APN
235-13.00-2.00
UPID
US17-0278958
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Timber Creek West LLC · 2 yrs held
Timber Creek West LLC
since 2023
7 recorded transactions
Zoning & alternative use
GR · Ellendale, 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 Ellendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellendale 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
$3,822
Tax year 2023
Assessed value
$135,400
Assessed 2024
Previous assessed
$135,400
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$119,650
Assessed improvement
$15,750
Land market value
$50,900
Improvement market value
$91,800
Total market value
$142,700
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
2021
Heating
YES
Cooling
NONE
Stories
2
Rooms
5
Total area
1,344 SF
Lot
22.25 ac (969,210 SF)
Zoning code
GR
APN
235-13.00-2.00
UPID
US17-0278958
Jurisdiction
SUSSEX
Zoning & alternative use
GR · Ellendale, DE
Zoning GR · permitted uses
GR · Ellendale, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ellendale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2021
Heating
YES
Cooling
Yes
Stories
2
Rooms
5
Lot
22.25 ac
Current owner
From public records · entity-resolved
Timber Creek West LLC
Entity
Mailing address
3415 WRANGLE HL RD, BEAR, DE 19701-4812
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2023
—
Timber Creek West LLC
Bayshore Plaza 2 LLC
Correction Deed
related
—
Jan 15, 2020
—
Timber Creek Facilities LLC
204 Stockley Street LLC
Grant Deed
related
—
Jan 8, 2020
—
Timber Creek East LLC
Bayshore Plaza II LLC
Grant Deed
related
—
Apr 10, 2018
$3,200,000
Bay Shr Plz II LLC
Captains Way Dev LLC
Grant Deed
related
—
Feb 28, 2017
$1,095,000
204 Stockley Street LLC
Captains Way Dev LLC
Grant Deed
—
Nov 13, 2012
—
Jeffrey Ann
Captains Way Dev LLC
Grant Deed
—
Jan 28, 2008
$3,000,000
Captains Way Development LLC
Cascade Properties LLC
Grant Deed
$3,750,000 · Artisans Bank
May 20, 2005
$1,500,000
Cascade Properties LLC
Tisher,james M
Grant Deed
$3,500,000 · Wilmington Savings Fund Societ
—
—
Preston Lynch Dyer
—
Deed Of Trust
related
$536,140 · Artisans Bk
—
—
Preston L Dyer
—
Deed Of Trust
related
$1,800,000 · Captains Way Dev LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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