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Property profile & analytics
OFF-MARKET
Commercial real estate
38365 Old Stage Rd Delmar, DE 19940-3569
Entity Owned
8-yr Hold
Absentee Owner
Property ID
US17-0082734
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1989
Construction
WOOD FRAME
Total area
1,400 SF
Lot
18.96 ac (825,898 SF)
Zoning code
B-2
APN
532-20.00-107.00
UPID
US17-0082734
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
Current use
Occupant on record · Public records
-
Delmarva Storage Solutions Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Isabella LLC · 8 yrs held
Isabella LLC
since 2017
7 recorded transactions
Zoning & alternative use
B-2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$20,746
Tax year 2023
Assessed value
$13,000
Assessed 2024
Previous assessed
$13,000
+0.0% YoY
Effective rate
159.58%
On assessed value
Assessed land
$7,750
Assessed improvement
$5,250
Land market value
$56,900
Improvement market value
$760,000
Total market value
$816,900
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
1989
Construction
WOOD FRAME
Heating
YES
Cooling
CENTRAL
Stories
1
Rooms
8
Total area
1,400 SF
Lot
18.96 ac (825,898 SF)
Zoning code
B-2
APN
532-20.00-107.00
UPID
US17-0082734
Jurisdiction
SUSSEX
Zoning & alternative use
B-2 · Delmar, DE
Zoning B-2 · permitted uses
B-2 · 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
1989
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
8
Lot
18.96 ac
Current owner
From public records · entity-resolved
Isabella LLC
Entity
Mailing address
36858 RED BERRY RD, DELMAR, DE 19940-2347
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2026
—
Vasilios A Diakos
—
Deed
related
$500,000 · Hebron Savings Bank
Mar 8, 2021
—
Isabella LLC
—
Deed
related
$1,540,000 · Hebron Savings Bank
Dec 14, 2018
—
Hfh-jfg LLC
—
Deed
related
—
Nov 2, 2017
$360,000
Isabella LLC
Keb Properties LLC
Grant Deed
$300,000 · Bank Of Del Mar Va
Mar 24, 2015
—
Keb Properties LLC
—
Trustees Deed
related
$299,900 · Bank Of Del Mar Va
—
—
Keb Properties LLC
—
Deed Of Trust
related
$210,000 · Bank Of Delmarva NA
—
—
Hfh-jfg LLC
—
Loan Modification
related
—
—
—
Keb Properties LLC
—
Deed Of Trust
related
$210,000 · Bank Of Delmarva NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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