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    36610 Club House Rd Ocean View, DE 19970
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    Property profile & analytics

    36610 Club House Rd Ocean View, DE 19970

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    • Commercial real estate
    • 6.65 lot acres
    Off-Market
    Property ID
    US17-0237784
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 36610 Club House Rd

    Lot size
    6.65 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 6.65-acre parcel presents a unique opportunity for residential development in the highly desirable Ocean View, Delaware area. Located at 36610 Clubhouse Road, Sussex County, this fee-simple property boasts a prime location just 3.5 miles from the Atlantic Ocean and conveniently situated off Route 26, outside the Town of Millville limits. The property's MR zoning allows for a multitude of development possibilities, making it an ideal investment for those seeking to capitalize on the area's strong real estate market. This is one of the few remaining larger residential tracts available near Bethany Beach, offering a rare chance to acquire a substantial land holding in this sought-after coastal community. The property's size and zoning provide significant flexibility for various residential projects. With its convenient location, proximity to the ocean, and versatile zoning, this land parcel represents a compelling investment opportunity with significant potential for future growth and development. The zip code is 19970. The latitude and longitude coordinates are 38.55116378061685 and -75.1126399240334 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ocean View
    County
    Sussex
    State
    Delaware
    Longitude
    -75.112639924033
    Latitude
    38.551163780617

    Comparable in this City

    • $385,000
      0.23 Acres

      Ocean View Land Opportunity

      0.23-acre wooded lot near Indian River Bay.
      2Nd St, Ocean View, DE 19970
      View Details
    • $750,000

      Commercial Building Near Bethany Beach

      Restored building near Bethany Beach on Rt. 26.
      100 Atlantic Ave, Ocean View, DE 19970
      View Details
    • $850,000
      Pending

      Land Approved for Subdivision

      2.5 acres approved for 6 buildable lots near beach.
      34 Woodland Ave, Ocean View, DE 19970
      View Details
    • $200,000
      0.40 Acres

      Land Near Bethany Beach

      Residential land near Bethany. Build your dream home!
      3 Club House Rd, Ocean View, DE 19970
      View Details

    Similar Nearby for Sale

    • $385,000
      0.23 Acres

      Ocean View Land Opportunity

      0.23-acre wooded lot near Indian River Bay.
      2Nd St, Ocean View, DE 19970
      View Details
    • $750,000

      Commercial Building Near Bethany Beach

      Restored building near Bethany Beach on Rt. 26.
      100 Atlantic Ave, Ocean View, DE 19970
      View Details
    • $850,000
      Pending

      Land Approved for Subdivision

      2.5 acres approved for 6 buildable lots near beach.
      34 Woodland Ave, Ocean View, DE 19970
      View Details
    • $200,000
      0.40 Acres

      Land Near Bethany Beach

      Residential land near Bethany. Build your dream home!
      3 Club House Rd, Ocean View, DE 19970
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo

      Commercial Building with Retail, Office

      Commercial building for lease with retail and office spaces.
      19 Atlantic Ave, Ocean View, DE 19970
      View Details
    • $3,000 /Mo
      25,265 SF

      Commercial Building in Ocean View

      Commercial building for lease in Ocean View, Delaware.
      19 Atlantic Ave, Ocean View, DE 19970
      View Details
    • Contact for pricing

      Spacious Warehouse Near Delaware Beaches

      Conditioned warehouse space, one mile from Route 1 and beaches.
      30447 Cedar Neck Rd, Ocean View, DE 19970
      View Details
    • Contact for pricing
      1,285 SF

      New Retail Space Available

      New retail building with high-traffic location near the beach.
      31308 Railway Rd, Ocean View, DE 19970
      View Details
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    Ocean View, DE 19970
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    36610 Club House Rd, Ocean View, DE, 19970
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