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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Commercial real estate
38342 Canal St Ocean View, DE 19970-4169
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US17-0444682
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
WOOD FRAME
Total area
1,178 SF
Lot
14.6 ac (635,976 SF)
Zoning code
GR
APN
134-13.00-1175.00
UPID
US17-0444682
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
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$562k
Blend (final)
Blend
$675k
Owner & transaction history
Douglas A Maccormack · 1 yrs held
Douglas A Maccormack
since 2024
Last sale
$675,168
7 recorded transactions
Zoning & alternative use
GR · Ocean View, 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 Ocean View submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean View 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
$675,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $675k (Nov 25 2024)
Last sale anchor
$675k
Nov 25 2024
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
$573 / 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
$4,668
Tax year 2023
Assessed value
$100,350
Assessed 2024
Previous assessed
$100,350
+0.0% YoY
Effective rate
4.65%
On assessed value
Assessed land
$20,350
Assessed improvement
$80,000
Land market value
$40,700
Improvement market value
$160,000
Total market value
$200,700
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
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
8
Total area
1,178 SF
Lot
14.6 ac (635,976 SF)
Zoning code
GR
APN
134-13.00-1175.00
UPID
US17-0444682
Jurisdiction
SUSSEX
Zoning & alternative use
GR · Ocean View, DE
Zoning GR · permitted uses
GR · Ocean View, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ocean View. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
8
Lot
14.6 ac
Current owner
From public records · entity-resolved
Douglas A Maccormack
Individual
Mailing address
2705 ENOLA RD, CARLISLE, PA 17015-9520
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
39 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2024
$675,168
Douglas A Maccormack
Joseph J Petruso
Deed
—
Nov 12, 2024
$1,300,000
Joseph J Petruso
Keith A Walter
Deed
—
Aug 27, 2024
$1,895,000
Luke Douglas Etter
Lyda Meredith Mostashari
Deed
—
Aug 16, 2024
$2,050,000
Cynthia L Gausvik
William R Roth
Deed
—
Aug 9, 2024
$1,005,000
Christopher Scott Smith
Mark Wesley Greenway
Deed
—
May 23, 2024
$1,325,000
Mark E Stille
Leo J Dillon
Deed
—
May 20, 2024
—
Lyda Meredith Mostashari
Shahbod Mostashari
Deed
related
—
Sep 19, 2023
$1,300,000
Brian Christopher Baker
David E Regn
Deed
—
Jun 14, 2023
$1,435,000
Burt E Rosen
Robert J Collins Delaware Qprt
Deed
—
Jun 14, 2023
—
Robert John Wagner Revocable Trust
Robert John Wagner
Deed
—
Apr 26, 2023
$1,600,000
Andrew Daivd Lansman
John A Scheler
Deed
—
Jan 10, 2023
$1,435,000
Ted M Doman
Robert E Ashby
Deed
—
Apr 27, 2022
—
Malcom J Crawford Ret
Malcom J Crawford
Deed
—
Mar 1, 2022
—
Daniel Forman
—
Deed
related
$687,000 · Wells Fargo Bank NA
Oct 6, 2021
—
Robert G Yonkers
—
Deed
related
$548,000 · United Wholesale Mortgage
May 7, 2021
$1,500,000
Christopher J Williams
Vidas Ft
Deed
$1,200,000 · Wells Fargo Bank NA
Mar 30, 2021
—
Vanyur Ft
—
Deed
related
$284,000 · Guaranteed Rate Affinity LLC
Sep 2, 2020
—
Barbara A Schultz
—
Deed
related
$510,400 · Truist Bk
Mar 6, 2020
$622,064
Melissa A Vallejo
Insight At Sunset Harbour LLC
Grant Deed
—
Aug 2, 2019
—
Glenda A Lake
—
Deed
related
$250,000 · Point Breeze Cu
Jan 15, 2019
—
Leo J Dillon III
—
Deed
related
$147,750 · Tower FCU
Sep 12, 2018
—
Marylou Reith
Reith,christopher M & Marylou
Quit Claim Deed
related
—
Jun 25, 2018
—
Hugh J Sisson
Sisson,hugh J & Janet M
Quit Claim Deed
related
—
Jun 4, 2018
—
Robert E Ashby
—
Deed
related
$690,687 · Wsfs Mtg
May 11, 2018
$810,000
William F Hunter JR
Lsir Dev Group LLC
Grant Deed
related
—
Aug 17, 2017
—
Insight At Sunset Harbour LLC
—
Deed
related
$3,850,000 · Eagle Bk
May 11, 2017
—
Riese,jeffrey I Living Trust
Riese,jeffrey I & Laura D
Quit Claim Deed
—
Mar 15, 2017
$5,280,000
Insight At Sunset Harbour LLC
Lsir Dev Group LLC
Grant Deed
—
Aug 11, 2015
$4,070,000
Lsir Dev Group LLC
Caldera-arden Canal Place LLC
Grant Deed
—
Sep 23, 2013
$635,500
John M Powell JR.
Caldera-arden Canal Place LLC
Grant Deed
—
May 2, 2007
$2,340,000
Caldera-arden Canal Place LLC
Oak Assoc LLC
Grant Deed
—
May 2, 2007
—
Caldera-arden Canal Place LLC
Key Box 5 Operatives INC
Grant Deed
related
—
—
—
Oak Associates LLC
—
Deed Of Trust
related
$1,000,000 · Caldera Properties-canal Place
—
—
Barbara A Schultz
—
Deed Of Trust
related
$510,400 · Truist Bk
—
—
Robert E Ashby
—
Deed Of Trust
related
$690,687 · Wsfs Mtg
—
—
Insight At Sunset Harbour LLC
—
Deed Of Trust
related
$1,400,000 · Eagle Bk
—
—
Insight At Sunset Harbour LLC
—
Deed Of Trust
related
$3,850,000 · Eagle Bk
—
—
Leo J Dillon III
—
Deed Of Trust
related
$147,750 · Tower FCU
—
—
Glenda A Lake
—
Deed Of Trust
related
$250,000 · Point Breeze Cu
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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