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Property profile & analytics
FOR SALE
Commercial real estate
26 S State St Dover, DE 19901
Entity Owned
3-yr Hold
Free & Clear
Property ID
US17-0029230
For Sale
1 / 19
$1,200,000
26 S State St, Dover, DE 19901
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Construction
FRAME
Total area
4,984 SF
Lot
0.17 ac (7,405 SF)
Zoning code
RG0
APN
2-05-077.05-04-23.00-000
UPID
US17-0029230
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
-
LashAddict Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$990k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$860k
Owner & transaction history
Byler Apartments LLC · 3 yrs held
Byler Apartments LLC
since 2023
Last sale
$900,000
4 recorded transactions
Zoning & alternative use
RG0 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,070,000
6.5%
$990,000
7%
$920,000
Blend value · Realmo final
$860k
Range $774k – $946k · ±10% · vs last sale $900k (Feb 28 2023)
Last sale anchor
$900k
Feb 28 2023
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
$173 / SF
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
$1,690
Tax year 2023
Assessed value
$57,400
Assessed 2023
Previous assessed
$57,400
+0.0% YoY
Effective rate
2.94%
On assessed value
Assessed land
$13,400
Assessed improvement
$44,000
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
For Sale
Year built
1900
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
4,984 SF
Lot
0.17 ac (7,405 SF)
Zoning code
RG0
APN
2-05-077.05-04-23.00-000
UPID
US17-0029230
Jurisdiction
KENT
Zoning & alternative use
RG0 · Dover, DE
Zoning RG0 · permitted uses
RG0 · 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
1900
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
0.17 ac
Current owner
From public records · entity-resolved
Byler Apartments LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 10, DOVER, DE 19903-0010
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2023
$900,000
Byler Apartments LLC
Commerce Apartments LLC
Deed
—
May 4, 2018
$910,000
Commerce Apartments LLC
Edwards,kenneth W
Grant Deed
$810,000 · Kenneth W Edwards
Apr 23, 2009
$50,050
Kenneth W Edwards
Christopher J Raubacher
Deed
—
Mar 19, 2009
$4,066
Christopher J Raubacher
Victorian Apartments LLC
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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