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Property profile & analytics
OFF-MARKET
Commercial real estate
34200 Skyflower Loop Lewes, DE 19958-9522
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US17-0196078
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1893
Construction
WOOD FRAME
Total area
1,504 SF
Lot
36.07 ac (1,571,209 SF)
Zoning code
AR-1
APN
234-11.00-66.00
UPID
US17-0196078
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
Headwater Cove Owners Association I · 2 yrs held
Headwater Cove Owners Association I
since 2024
7 recorded transactions
Zoning & alternative use
AR-1 · Lewes, 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 Lewes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lewes 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
$3,416
Tax year 2023
Assessed value
$1,600
Assessed 2024
Previous assessed
$1,600
+0.0% YoY
Effective rate
213.50%
On assessed value
Assessed land
$1,600
Land market value
$6,200
Improvement market value
$132,400
Total market value
$138,600
Applied tax rate
6.0000
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
Year built
1893
Construction
WOOD FRAME
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
1,504 SF
Lot
36.07 ac (1,571,209 SF)
Zoning code
AR-1
APN
234-11.00-66.00
UPID
US17-0196078
Jurisdiction
SUSSEX
Zoning & alternative use
AR-1 · Lewes, DE
Zoning AR-1 · permitted uses
AR-1 · Lewes, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lewes. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1893
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
36.07 ac
Current owner
From public records · entity-resolved
Headwater Cove Owners Association I
Individual
Free & Clear · 2 yrs held
Mailing address
850 NEW BURTON RD, DOVER, DE 19904-5785
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2024
—
Headwater Cove Owners Association I
Headwater Cove Crp3 LLC
Deed
—
Feb 9, 2021
$5,400,000
Headwater Cove Crp 3 LLC
Bryton Simpler Farm LLC
Deed
—
Oct 2, 2017
—
Bryton Simpler Farm LLC
—
Deed
related
$975,000 · United Bk
Aug 7, 2017
$1,525,000
Bryton Simpler Farm LLC
Miller Emma S Trust
Grant Deed
—
Oct 10, 2013
—
Simpler,theodore B & M H Trust
Simpler Theodore B Trust
Quit Claim Deed
related
—
Nov 23, 2010
—
Miller Emma S Trust
Miller,emma L
Quit Claim Deed
related
—
Nov 10, 2005
—
Simpler Theodore B Tr
Simpler,theodore B
Quit Claim Deed
related
—
Sep 2, 2005
—
Simpler,theodore B Trustee
Simpler,theodore B
Quit Claim Deed
related
—
—
—
Bryton Simpler Farm LLC
—
Deed Of Trust
related
$975,000 · United Bk
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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