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Property profile & analytics
FOR SALE
Commercial real estate
30387 Cedar Neck Rd Ocean View, DE 19970
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US17-0203616
For Sale
1 / 36
$1,950,000
30387 Cedar Neck Rd, Ocean View, DE 19970
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
2.01 ac (87,556 SF)
Zoning code
C-1
APN
134-9.00-25.00
UPID
US17-0203616
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ocean Rv Center INC · 12 yrs held
Ocean Rv Center INC
since 2013
7 recorded transactions
Zoning & alternative use
C-1 · Ocean View, 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 Ocean View submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean View 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,655
Tax year 2023
Assessed value
$23,250
Assessed 2024
Previous assessed
$23,250
+0.0% YoY
Effective rate
7.12%
On assessed value
Assessed land
$10,500
Assessed improvement
$12,750
Land market value
$21,000
Improvement market value
$25,500
Total market value
$46,500
Applied tax rate
1.0000
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
Heating
NONE
Lot
2.01 ac (87,556 SF)
Zoning code
C-1
APN
134-9.00-25.00
UPID
US17-0203616
Jurisdiction
SUSSEX
Zoning & alternative use
C-1 · Ocean View, DE
Zoning C-1 · permitted uses
C-1 · Ocean View, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ocean View. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
2.01 ac
Current owner
From public records · entity-resolved
Ocean Rv Center INC
Entity
Free & Clear · 12 yrs held
Mailing address
10595 WORCESTER HWY, BERLIN, MD 21811-3366
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2020
—
Ejf Real Estate LLC
—
Deed
related
$480,000 · Bank Of Ocean Cty
Dec 11, 2018
—
Ejf Real Estate LLC
—
Deed
related
$88,000 · Bank Of Ocean Cty
Aug 13, 2013
—
Ocean Rv Center INC
Kevins Trailer Sales INC
Grant Deed
—
Dec 8, 2009
—
Ocean Rv Center INC
—
Trustees Deed
related
$358,000 · Wilmington Trust Co
Jun 9, 2005
$490,000
George G Mitchell
Henry,john F III
Grant Deed
—
—
—
Ocean Rv Center INC
—
Deed Of Trust
related
$50,000 · Wilmington Trust Co
—
—
Ejf Real Estate LLC
—
Deed Of Trust
related
$88,000 · Bank Of Ocean Cty
—
—
Ocean Rv Center INC
—
Deed Of Trust
related
$317,184 · Wilmington Trust Co
—
—
Ejf Real Estate LLC
—
Deed Of Trust
related
$480,000 · Bank Of Ocean Cty
—
—
Ocean Rv Center INC
—
Deed Of Trust
related
$120,600 · Wilmington Trust Co
—
—
Ocean Rv Center INC
—
Deed Of Trust
related
$600,000 · Wilmington Trust Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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