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    Property profile & analytics

    291 Carter Dr Middletown, DE 19709-5845

    • Office Properties & Spaces
    • 4,798 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    $930,000
    Last Sale
    Mar 16, 2021
    $760,000
    Location Intelligence
    Property ID
    US17-0018156
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr. Maryum M Rafique, DO / Pain Management Physician
    • Bayhealth Sleep Center, Middletown / Sleep Clinic
    • Integrated Health 360 / Medical Clinic
    • Dr. Chee Houe Woo, MD / Pain Management Physician
    • Center for Interventional Pain & Spine - Middletown / Pain Management Physician

    Property Details for 291 Carter Dr

    Year built
    2006
    Construction
    CONCRETE
    Lot size
    0.19 lot acres
    Property size
    4,798 SF
    Zone code
    23R-1B
    Property type
    Office Properties & Spaces
    APN
    23-032.00-098
    APU
    2303200098

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $960,000

    • CAP approach

      CAP return
      Estimation
      6%
      $790,000
      6.5%
      $890,000
      7%
      $910,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $775,000
      Geo Method
      $920,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $840,000
      Retail
      $860,000
      Mixed-Use
      $830,000
      Hospitality
      $915,000
      Educational
      $855,000
      Residential Income
      $960,000
      Energy
      $930,000
      Income-Based Land
      $865,000
      Food Service
      $795,000

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7229
    Latitude
    39.473
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,865
    $10,700
    $178,800
    $189,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,960 SF

      701 Broad St

      OFFICE (GENERAL) • 2,960 SF
      701 Broad St, Middletown, DE 19709-1166
      View Details
    • Value Estimation by Request
      13,914 SF

      4200 Smt Brg Rd

      OFFICE (GENERAL) • 13,914 SF
      4200 Smt Brg Rd, Middletown, DE 19709-9340
      View Details
    • Value Estimation
      $590,000
      16,000 SF

      680 Broad St

      OFFICE (GENERAL) • 16,000 SF
      680 Broad St, Middletown, DE 19709-1030
      View Details
    • Value Estimation
      $380,000
      5,940 SF

      292 Carter Dr

      OFFICE (GENERAL) • 5,940 SF
      292 Carter Dr, Middletown, DE 19709-5846
      View Details
    • Value Estimation
      $395,000
      4,765 SF

      252 Carter Dr

      OFFICE (GENERAL) • 4,765 SF
      252 Carter Dr, Middletown, DE 19709-5855
      View Details
    • Value Estimation
      $505,000
      11,344 SF

      111 Patriot Dr

      OFFICE (GENERAL) • 11,344 SF
      111 Patriot Dr, Middletown, DE 19709-8771
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.64 Acres

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      Modern Office Suites, Ample Amenities
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      Historic Middletown Office Opportunity

      Unique historic office building near downtown Middletown.
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      Middletown Medical Office Suite

      Medical office suite in well-maintained complex with ample parking.
      118 Sandhill Dr, Middletown, DE 19709
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      Colonial Residence in Summit Pointe

      Luxurious 4,175 sq ft home built in 2023.
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      Land in Horse Country

      10 acres in tranquil Middletown, close to major routes.
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    Similar Nearby for Lease

    • $20 SF/Yr
      4,716 SF

      Middletown Retail/Office Space For Rent

      1,500 SF unit in Middletown's growing business community.
      29 E Main St, Middletown, DE 19709
      View Details
    • $100 SF/Yr

      Office Space with 24/7 Access

      Office space for rent with included amenities and parking.
      651 N Broad St Sm, Middletown, DE 19709
      View Details
    • Contact for pricing
      1,784 SF

      Community Shopping Center Retail Space

      Retail and office space available in Middletown, Delaware shopping center.
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      View Details
    • $750 /Mo

      Middletown Office/Retail Space Available

      Office and retail space for rent in Middletown, Delaware.
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      View Details
    • $21 SF/Yr
      20,853 SF

      Bunker Hill Center Office Space

      First floor office unit in Middletown, available Q2 2024.
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      View Details
    • Contact for pricing
      1,271 SF

      Medical Suite Available For Rent

      Second floor medical suite with easy access and nearby amenities.
      124 Sleepy Hollow Dr, Middletown, DE 19709
      View Details
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    Middletown, DE 19709-5845
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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