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    38 Winding Creek Rd Dover, DE 19904

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    38 Winding Creek Rd Dover, DE 19904

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    • Commercial real estate
    • 1.47 lot acres
    For Sale
    $479,000
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    Dover Industrial Land Opportunity For Sale
    $479,000
    29,620 SF

    Dover Industrial Land Opportunity

    Two parcels, ideal for development.

    38 Winding Creek Rd, Dover, DE 19904
    View Listing
    Property ID
    US17-0236520
    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 38 Winding Creek Rd

    Lot size
    1.47 lot acres
    Property type
    Commercial real estate
    APN
    WD-00-07402-01-100-000, WD-00-07402-01-1200-000

    Description

    This exceptional commercial land opportunity in Dover, Delaware, presents two parcels totaling 1.47 acres, identified by APN WD-00-07402-01-100-000 and WD-00-07402-01-1200-000. Located at 38 & 58 Winding Creek Road, zip code 19904-5234, in Kent County, this property is zoned BG. The land includes a small home situated on one parcel (58 Winding Creek Rd), and a small section in the northwest corner of that parcel is zoned differently (AR). The asking price for this combined acreage is $479,000. This presents a unique chance to acquire a substantial land holding in a desirable Delaware location, offering significant potential for various commercial ventures. The property's size and zoning make it suitable for a range of development possibilities. Detailed zoning information and site plans are available upon request. Serious inquiries only. This is a rare opportunity to acquire a significant commercial land parcel in a growing area. Don't miss out on this chance to secure your future in Dover, Delaware.

    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
    Dover
    County
    Kent
    State
    Delaware
    Longitude
    -75.620427241914
    Latitude
    39.155970895261

    Comparable in this City

    • Contact for pricing

      Land For Sale

      One acre of land available for purchase.
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      Dover Land Ready for Development

      Unimproved land parcel available for development in Dover, Delaware.
      2187 Lynnbury Woods Rd, Dover, DE 19904
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      Dover Land Assemblage For Sale

      Land assemblage with existing buildings in downtown Dover, Delaware.
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      Vacant Land Ideal for Development

      5.02 acres of commercial land suitable for various uses.
      5759 Forrest Ave, Dover, DE 19904
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    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      One acre of land available for purchase.
      Rt.8-Forrest Ave, Dover, DE 19904
      View Details
    • New
      $2,500,000
      60.80 Acres

      Dover Land Ready for Development

      Unimproved land parcel available for development in Dover, Delaware.
      2187 Lynnbury Woods Rd, Dover, DE 19904
      View Details
    • Contact for pricing

      Dover Land Assemblage For Sale

      Land assemblage with existing buildings in downtown Dover, Delaware.
      400-410 S Governors Ave, Dover, DE 19904
      View Details
    • $1,150,000

      Vacant Land Ideal for Development

      5.02 acres of commercial land suitable for various uses.
      5759 Forrest Ave, Dover, DE 19904
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Towne Centre Land For Lease

      Commercial land available for lease in Towne Centre.
      201 Towne Center Dr, Dover, DE 19904
      View Details
    • $5,416 /Mo

      Development Land For Lease

      0.58 acre development land available for retail ground lease.
      1040 Forrest Ave, Dover, DE 19904
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    • Contact for pricing
      10,200 SF

      Retail Space on Dupont Highway

      Retail space available in Dover, Delaware with high visibility.
      1660-1724 S Governors Ave, Dover, DE 19904
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      Retail Space in Dover Center

      Retail space available in grocery anchored shopping center.
      1000 Forrest Ave, Dover, DE 19904
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      Dover Former Bank Branch Space

      High-visibility commercial space suitable for various business types.
      1001 Walker Rd, Dover, DE 19904
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      22,855 SF

      Dover Medical Office Building

      Class A space, multiple suites available
      200 Banning St, Dover, DE 19904
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    View Listing
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    38 Winding Creek Rd
    Dover, DE 19904
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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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