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Property profile & analytics
OFF-MARKET
Estimated value
$80,000
Specialty properties
21150 Airport Rd Georgetown, DE 19947-5573
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US17-0102038
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Lot
60.99 ac (2,656,724 SF)
Zoning code
TN
APN
135-15.00-119.00
UPID
US17-0102038
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
-
The Sussex Academy of Arts & Sciences High School
-
Sussex Community Swim Team Swimming Pool Gym & Fitness Center
-
Aquatics Center Swimming Pool
-
Wiggins Industries (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$85k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$80k
Owner & transaction history
Department Of Transportation · 6 yrs held
Department Of Transportation
since 2020
Last sale
$59,095
7 recorded transactions
Zoning & alternative use
TN · Georgetown, 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 Georgetown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Georgetown 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
$80,000
ML approach
$85,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$80k
Range $72k – $88k · ±10% · vs last sale $59k (Jun 10 2020)
Last sale anchor
$59k
Jun 10 2020
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
—
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
Assessed value
$157,450
Assessed 2024
Previous assessed
$157,450
+0.0% YoY
Assessed land
$153,600
Assessed improvement
$3,850
Land market value
$305,000
Improvement market value
$7,700
Total market value
$312,700
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Heating
NONE
Lot
60.99 ac (2,656,724 SF)
Zoning code
TN
APN
135-15.00-119.00
UPID
US17-0102038
Jurisdiction
SUSSEX
Zoning & alternative use
TN · Georgetown, DEZoning TN · permitted uses
TN · Georgetown, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
60.99 ac
Current owner
From public records · entity-resolved
Department Of Transportation
Entity
Mailing address
PO BOX 693, LEWES, DE 19958-0693
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2020
$59,095
Department Of Transportation
Sussex Academy Foundation INC
Grant Deed
—
Dec 22, 2016
—
Sussex Academy Foundation INC
—
Deed
related
$4,900 · Us Dept Agriculture
Sep 16, 2014
$60,000
Sussex Academy Foundation INC
W Kenneth
Grant Deed
—
Jun 12, 2013
—
Sussex Preparatory Academy
Sussex Academy Of Arts & Sciences
Quit Claim Deed
related
—
Jan 14, 2005
—
Lillian O Gorlich
Short,harold B Trustee & Virginia
Grant Deed
related
—
—
—
Sussex Preparatory Academy Fou
—
Deed Of Trust
related
$6,250 · Us Department Of Agriculture
—
—
Sussex Academy Foundation INC
—
Deed Of Trust
related
$4,900 · Us Dept Agriculture
—
—
Christian Schools In Delmarva
—
Deed Of Trust
related
$300,000 · Wilmington Trust Co
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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