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    Property profile & analytics

    38361 Sussex Hwy Delmar, DE 19940-3509

    • Commercial real estate
    • 6.85 lot acres
    OFF-MARKET
    Value Estimation
    $515,000
    Location Intelligence
    Property ID
    US17-0088923
    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.

    Current Use by Public Records

    • Peninsula Pawn / Pawn Shop

    Property Details for 38361 Sussex Hwy

    Lot size
    6.85 lot acres
    Zone code
    C-1
    Property type
    Commercial real estate
    APN
    532-20.00-96.00
    APU
    53220009600

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Delmar
    County
    Sussex
    State
    Delaware
    Longitude
    -75.5569
    Latitude
    38.466
    CBSA code
    41540
    CBSA name
    SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,064
    $11,050
    $109,050
    $120,100
    -
    $22,100
    $218,100
    $240,200

    Comparable in this City

    • Value Estimation by Request
      51.51 Acres

      13 Northbound

      Land • 51.51 Acres
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    • Value Estimation by Request
      23.37 Acres

      Delmar, DE 19940

      COMMERCIAL (GENERAL) • 23.37 Acres
      Delmar, DE 19940
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    • Value Estimation by Request
      0.19 Acres

      Delmar, DE 19940

      COMMERCIAL (GENERAL) • 0.19 Acres
      Delmar, DE 19940
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    • Value Estimation by Request
      0.03 Acres

      2 Grv St

      COMMERCIAL (GENERAL) • 0.03 Acres
      2 Grv St, Delmar, DE 19940-1115
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    • Value Estimation by Request
      1.21 Acres

      504 Pennsylvania Ave

      COMMERCIAL (GENERAL) • 1.21 Acres
      504 Pennsylvania Ave, Delmar, DE 19940-1137
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    • Value Estimation by Request
      0.29 Acres

      1 State St

      COMMERCIAL (GENERAL) • 0.29 Acres
      1 State St, Delmar, DE 19940-1021
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      High-Visibility Delmar Retail Space

      Highway 13 Retail Opportunity: Flexible Lease Options
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    • Contact for pricing
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      Highway Commercial lots, Delaware. Excellent investment.
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      Delmar Specialty Property for Sale

      Specialty property available in Delmar, Delaware.
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      Commercially Zoned Land For Sale

      6.14 acres of commercially zoned land available for sale.
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    Similar Nearby for Lease

    • $16 SF/Yr
      2,000 SF

      Prime Retail Space Available

      Retail space available in Delmar Commons shopping center.
      38627 Benro Dr, Delmar, DE 19940
      View Details
    • $16 SF/Yr
      3,500 SF

      Prime Retail Space Available Now

      Retail space available in Delmar Commons shopping center.
      38711 Sussex Hwy, Delmar, DE 19940
      View Details
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    38361 Sussex Hwy
    Delmar, DE 19940-3509
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    Realmo Value Estimation

    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.

    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.

    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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