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Property profile & analytics
OFF-MARKET
Estimated value
$1,395,000
Other commercial real estate
40 Commerce St Harrington, DE 19952-1089
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US17-0455309
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1910
Total area
12,712 SF
Lot
0.55 ac (23,958 SF)
Zoning code
NA
APN
6-09-179.08-01-40.00-000
UPID
US17-0455309
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
$1.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.40M
Owner & transaction history
T&d Developing LLC · 5 yrs held
T&d Developing LLC
since 2021
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
NA · Harrington, 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 Harrington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harrington 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
$1,720,000
ML approach
$1,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.40M
Range $1.26M – $1.53M · ±10% · vs last sale $1.36M (Apr 27 2021)
Last sale anchor
$1.36M
Apr 27 2021
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
$110 / 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
$2,671
Tax year 2023
Assessed value
$113,500
Assessed 2023
Previous assessed
$113,500
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$42,800
Assessed improvement
$70,700
Applied tax rate
9.0000
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
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
3
Total area
12,712 SF
Lot
0.55 ac (23,958 SF)
Zoning code
NA
APN
6-09-179.08-01-40.00-000
UPID
US17-0455309
Jurisdiction
KENT
Zoning & alternative use
NA · Harrington, DE
Zoning NA · permitted uses
NA · Harrington, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Harrington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1910
Heating
NONE
Buildings
3
Lot
0.55 ac
Current owner
From public records · entity-resolved
T&d Developing LLC
Entity
Mailing address
16 FLEMING ST, HARRINGTON, DE 19952-1162
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2024
—
T&d Developing LLC
—
Deed
related
$3,000,000 · Safe Harbor Mortgage Co
Apr 27, 2021
$1,362,500
T&d Developing LLC
Moyer Real Estate Properties LLC
Deed
$1,021,875 · Wilmington Savings Fund Society Fsb
Oct 23, 2008
$620,000
Moyer Real Estate Properties LLC
Richelli Homes LLC
Deed
$675,000 · Wilmington Trust Co
Apr 18, 2007
$360,000
Richelli Homes
Assets Management Group
Grant Deed
$112,100 · Felton Bank
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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