Financial
Distress signals
Property profile

26 S State St Dover, DE 19901

FOR SALE
Other commercial real estate
Property ID
US17-0029230
4,984 SF 0.17 ac lot Built 1900
Last sale Feb 2023 · $900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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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

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$57k
Assessed land$13k
Assessed improvement$44k
Effective rate2.94%

Value estimate

· Sep 2026
$1.32M
$1.18M – $1.45M
CAP approach$990k
NOI build-up
Gross scheduled income$134k
Vacancy & credit loss−$6k
Operating expenses−$58k
NOI · 5.86% cap applied$70k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$171/SF
ZIP average, outlier-cleaned · 78 recorded sales of this use type
Observed band · Q1–Q3$95 – $264
Qualifying comparables5

Cap rate analysis

How does the asset earn?
5.86%
$70k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
RG0
JurisdictionKENT

Location intelligence

Which uses thrive at this corner?
Best fit: Carpet & Flooring Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Carpet & Flooring Store8.9
Catering Service8.7
Plumbing Service8.5

Location

26 S State St Dover, DE 19901
County assessor Recorded deeds · 4 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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