29467 Colony Dr Dagsboro, DE 19939-3319
MR - Medium-Density Residential District. [Added 11-16-2009 [1] ] Purpose: This district is intended to provide an opportunity for residential housing at a higher density per acre than the R - Residential District to diversify the housing resources of the Town. The MR District shall permit single-family housing, apartments, townhouses, cluster development an…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
MR · Dagsboro, DEMR - Medium-Density Residential District. [Added 11-16-2009 [1] ] Purpose: This district is intended to provide an opportunity for residential housing at a higher density per acre than the R - Residential District to diversify the housing resources of the Town. The MR District shall permit single-family housing, apartments, townhouses, cluster development and RPC development to be located near the more densely developed portions of the region with access to major highways, shopping facilities and industrial areas. The permitted density per acre in this district is specifically intended to preserve the historically important "small town" character of residential housing in the community and to provide reasonable opportunities for residential development at densities in excess of the R - Residential District regulations. A. Principal permitted uses on the land and in buildings: (1) All uses permitted in the R - Residential District. (2) Apartments and apartment buildings. (3) Townhouses. (4) Two-family detached dwellings. (5) For RPC requirements, see § 275-19 . (6) Residential condominiums and condominium buildings. B. Accessory uses permitted: (1) All accessory uses permitted in the R - Residential District. (2) Swimming pools for residents in apartment and townhouse complexes. (3) An office may be located within an apartment and/or townhouse development, provided that its total business is directly related to the management of such apartment and/or townhouse complex. (4) Windmills or wind-powered generators (subject to § 275-26 ). C. Building height. No building shall exceed 35 feet in height. D. Area and yard requirements. (1) All single-family dwellings permitted in the MR - Medium-Density Residential District shall adhere to the area and yard requirements for the R - Residential District. See § 275-14E . (2) For apartments, see § 275-27 . (3) For townhouses, see §§ 275-27 and 275-42 . E. Minimum off-street parking. (1) All single-family dwellings permitted in the MR - Medium-Density Residential District shall adhere to the parking requirements for the R - Residential District. (2) For each townhouse, apartment, or two-family detached dwelling unit: two spaces. F. (Reserved) G. Cluster Residential District regulations: See § 275-20 . H. See § 275-27 , Apartments; residential condominiums. I. See § 275-42 , Townhouses. J. A buffer strip not less than 10 feet wide shall be provided along all lot lines which form a common boundary with any residential district. [1]
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Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.