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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Commercial real estate
34911 Bi State Blvd Delmar, DE 19940-3349
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US17-0062945
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1954
Total area
6,108 SF
Lot
2.45 ac (106,722 SF)
Zoning code
GR
APN
532-6.00-55.00
UPID
US17-0062945
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
$679k
Blend (final)
Blend
$615k
Owner & transaction history
Fanney May Mickey Mac Rentals LLC · 1 yrs held
Fanney May Mickey Mac Rentals LLC
since 2025
Last sale
$408,000
4 recorded transactions
Zoning & alternative use
GR · Delmar, 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 Delmar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delmar 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $408k (Feb 8 2025)
Last sale anchor
$408k
Feb 8 2025
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
$101 / 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
$917
Tax year 2023
Assessed value
$17,900
Assessed 2024
Previous assessed
$17,900
+0.0% YoY
Effective rate
5.12%
On assessed value
Assessed land
$3,950
Assessed improvement
$13,950
Land market value
$7,900
Improvement market value
$28,500
Total market value
$36,400
Applied tax rate
7.0000
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
1954
Heating
NONE
Cooling
NONE
Stories
1
Rooms
3
Total area
6,108 SF
Lot
2.45 ac (106,722 SF)
Zoning code
GR
APN
532-6.00-55.00
UPID
US17-0062945
Jurisdiction
SUSSEX
Zoning & alternative use
GR · Delmar, DE
Zoning GR · permitted uses
GR · Delmar, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Delmar. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1954
Heating
NONE
Cooling
Yes
Stories
1
Rooms
3
Lot
2.45 ac
Current owner
From public records · entity-resolved
Fanney May Mickey Mac Rentals LLC
Entity
Mailing address
34911 BI STATE BLVD, DELMAR, DE 19940-3349
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
May 8, 2025
$408,000
Fanney May Mickey Mac Rentals LLC
Timothy L Dyson SR.
Deed
$185,000 · Timothy L Dyson SR
Sep 16, 2020
—
Timothy L Dyson SR.
—
Deed
related
$241,000 · Ray B Sisk
Sep 23, 2009
$325,400
Timothy L Dyson SR.
Sisk,ray B & M Patricia
Grant Deed
$315,000 · Ray B & M Patricia Sisk
—
—
Timothy L Dyson SR.
—
Loan Modification
related
$241,000 · Ray B Sisk
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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