Entity Owned 
For Sale
1 / 19
$1,200,000
26 S State St, Dover, DE 19901
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Property summary
AI-generated overview
A turnkey nine-unit multifamily property located in Dover, set in a neighborhood associated with historic character and revitalization. The building includes on-site central washer and dryer facilities that generate additional revenue beyond unit rent. Individual tenants are responsible for gas heat and electric expenses, while the owner covers water, sewer, trash, and central hot water costs. The property has undergone improvements including updated windows, interior upgrades, selected newly installed kitchens, and new flooring in most units; common areas such as hallways have been refreshed with new flooring and paint. Capital improvements include a new fire escape and some newer heating systems. It is configured for residential tenancy across nine units and is described as having accessibility and mobility scores of 56 for biking, 79 for walking, and 42 for transit.
Property profile
Verified
Property type
Other 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
Current use
Occupant on record · Public records
-
Hair Salon Nail Salon
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$990k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.32M
Owner & transaction history
since 2023
Last sale
$900,000
4 recorded transactions
Zoning & alternative use
RG0 · Dover, DE
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 5 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.32M
Value range
$1.18M – $1.45M
±10% around blend
Estimated value / SF
$264 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
50
Income certainty
100
$1.18M
blend $1.32M
$1.45M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,984 SF
Lot area
0.17 ac
Year built
1900
Stories
3
APN
2-05-077.05-04-23.00-000
Zoning
RG0
Assessed value
$57,400
Annual tax
$1,690
3
Income approach: direct capitalization
Partial preview
Income approach indication
$990k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.07M
@ 6.5% CAP return
$990k
@ 7% CAP return
$920k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$1,690
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$826k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.6 mi away · 6,400 SF
1.0 mi away · 4,951 SF
9.8 mi away · 3,722 SF
16.7 mi away · 5,024 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.32M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 78 sales
$171
+54%
Submarket 131 sales
$163
+62%
County 451 sales
$8,279
-97%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $264/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
4.90%
Selected cap rate for this other commercial real estate
Derived from the Dover market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.90%
9.0%
NOI (est.)
$70k *
Last sale · Feb 2023
$900k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.43M
Move the market yield to see immediate price impact.
Value / SF
$288
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.40%4.90%5.40%
$63k
$1.44M
$1.29M
$1.17M
$70k
$1.60M
$1.43M
$1.30M
$77k
$1.76M
$1.58M
$1.43M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$450k
0.3 mi · Oct 2025 · $81/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other 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, DEZoning RG0 · permitted uses
RG0 · Dover, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
0.17 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
RG0
Jurisdiction
Dover, DE
Recorded code
RG0
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RG0 in Dover, DE.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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