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Property profile & analytics
FOR SALE
Turn key restaurants
316 Auto Park Dr, Middletown, DE 19709
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US17-0253352
For Sale
1 / 13
$4,300,000
316 Auto Park Dr, Middletown, DE 19709
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2019
Construction
CONCRETE
Total area
8,901 SF
Lot
2.63 ac (114,563 SF)
Zoning code
23C-3
APN
23-040.00-005
UPID
US17-0253352
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
Current use
Occupant on record · Public records
-
Crooked Hammock Brewery Nightclub Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$735k
Blend (final)
Blend
$610k
Owner & transaction history
Chb Reality LLC · 8 yrs held
Chb Reality LLC
since 2018
7 recorded transactions
Zoning & alternative use
23C-3 · Middletown, 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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
Method
Estimation
Statistic approach
by Request
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$955,000
Current use
RETAIL STORES
$800,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$69 / SF
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
$13,887
Tax year 2023
Assessed value
$448,700
Assessed 2023
Previous assessed
$448,700
+0.0% YoY
Effective rate
3.09%
On assessed value
Assessed land
$114,600
Assessed improvement
$334,100
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
2019
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
1
Total area
8,901 SF
Lot
2.63 ac (114,563 SF)
Zoning code
23C-3
APN
23-040.00-005
UPID
US17-0253352
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
23C-3 · Middletown, DE
Zoning 23C-3 · permitted uses
23C-3 · Middletown, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$955,000
RETAIL STORES
Est. value
$800,000
RESTAURANT Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2019
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
2.63 ac
Current owner
From public records · entity-resolved
Chb Reality LLC
Entity
Mailing address
19406 COASTAL HWY, REHOBOTH BEACH, DE 19971-6126
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2026
—
Chb Realty LLC
—
Deed
related
$1,129,000 · Wilmington Savings Fund Society Fsb
Nov 22, 2023
—
Chb Realty LLC
—
Deed
related
$1,368,685 · Wilmington Savings Fund Society Fsb
Mar 30, 2020
—
Chb Realty LLC
—
Deed
related
$1,700,000 · Wilmington Svgs Fund Society F
Jun 26, 2019
—
Chb Realty LLC
—
Deed
related
$2,151,426 · Wilmington Savings Fund Society Fsb
May 18, 2018
—
Chb Reality LLC
Mautom LLC
Deed
$1,007,887 · Wilmington Savings Fund Society Fsb
Nov 23, 2005
$10
Mautom LLC
Cochran,charles M III
Grant Deed
$27,000,000 · Wilmington Trust Co
—
—
Chb Realty LLC
—
Deed Of Trust
related
$1,700,000 · Wilmington Svgs Fund Society F
—
—
Mautom LLC
—
Deed Of Trust
related
$2,250,000 · Greytak & Miller LLC
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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