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Property profile & analytics
OFF-MARKET
Commercial real estate
33298 Coastal Hwy Bethany Beach, DE 19930-3781
Entity Owned
10-yr Hold
Free & Clear
Property ID
US17-0344941
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.64 ac (27,752 SF)
Zoning code
B-1
APN
134-17.16-40.00
UPID
US17-0344941
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
-
ELIZABETH KAPP, Long & Foster Real Estate, Inc. Real Estate Agency
-
ANN BAKER, Long and Foster Real Estate Real Estate Agency
-
Shirley Price Sells Real Estate Agency
-
Wayne Lyons - Bethany Beach Homes Real Estate Agency
-
Dawn Marton, Realtor Real Estate Agency
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
Bethany Coastal LLC · 10 yrs held
Bethany Coastal LLC
since 2015
4 recorded transactions
Zoning & alternative use
B-1 · Bethany Beach, 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 Bethany Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bethany Beach 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
$6,713
Tax year 2023
Assessed value
$162,350
Assessed 2024
Previous assessed
$162,350
+0.0% YoY
Effective rate
4.13%
On assessed value
Assessed land
$18,150
Assessed improvement
$144,200
Land market value
$36,300
Improvement market value
$288,400
Total market value
$324,700
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
Off-Market
Heating
NONE
Lot
0.64 ac (27,752 SF)
Zoning code
B-1
APN
134-17.16-40.00
UPID
US17-0344941
Jurisdiction
SUSSEX
Zoning & alternative use
B-1 · Bethany Beach, DE
Zoning B-1 · permitted uses
B-1 · Bethany Beach, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bethany Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.64 ac
Current owner
From public records · entity-resolved
Bethany Coastal LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 753730, LAS VEGAS, NV 89136-3730
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2020
—
Bethany Coastal LLC
—
Deed
related
$3,650,000 · First Nat'l Bk/penn
Nov 24, 2015
$2,200,000
Bethany Coastal LLC
Foster,p Wesley JR
Warranty Deed
—
—
—
P Wesley Foster JR.
—
Deed Of Trust
related
$429,930 · United Bank
—
—
Bethany Coastal LLC
—
Deed Of Trust
related
$3,650,000 · First Nat'l Bk/penn
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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