Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Office Spaces
4417 Smt Brg Rd Middletown, DE 19709-9549
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US17-0500407
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2020
Construction
CONCRETE
Total area
4,510 SF
Lot
1.95 ac (84,942 SF)
Zoning code
ON
APN
13-007.00-074
UPID
US17-0500407
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
-
Myking Johnson Real Estate Agency
-
Kim Fountain Realtor Real Estate Agency
-
Amy Boyer Realtor - Patterson-Schwartz - Middletown Real Estate Agency
-
Omotola Olaniyi, Patterson-Schwartz Real Estate Real Estate Agency
-
Patterson-Schwartz Real Estate (Middletown) Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$495k
Blend (final)
Blend
$670k
Owner & transaction history
Patterson-schwartz & Assocs In · 6 yrs held
Patterson-schwartz & Assocs In
since 2019
6 recorded transactions
Zoning & alternative use
ON · Middletown, 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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,035,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$670k
Range $603k – $737k · ±10%
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
$149 / 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
$7,258
Tax year 2023
Assessed value
$201,800
Assessed 2023
Previous assessed
$201,800
+0.0% YoY
Effective rate
3.60%
On assessed value
Assessed land
$39,000
Assessed improvement
$162,800
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2020
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
1
Total area
4,510 SF
Lot
1.95 ac (84,942 SF)
Zoning code
ON
APN
13-007.00-074
UPID
US17-0500407
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
ON · Middletown, DEZoning ON · permitted uses
ON · Middletown, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.0M
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
1.95 ac
Current owner
From public records · entity-resolved
Patterson-schwartz & Assocs In
Individual
Mailing address
7234 LANCASTER PIKE STE 210B, HOCKESSIN, DE 19707-8751
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2020
—
Patterson Schwartz And Associates I
—
Deed
related
$920,000 · Wilmington Savings Fund Society Fsb
Sep 30, 2019
$240,000
Patterson-schwartz & Assocs In
Summit Crossing Dst
Grant Deed
—
Oct 19, 2016
—
Ahrs Properties LLC
Summit Crossing LLC
Grant Deed
$1,800,000 · M&t Bk
Dec 6, 2007
—
Summit Crossing LLC
Summit Crossing LLC
Deed
related
$1,450,000 · Wilmington Trust Co
Oct 27, 2005
$286,000
Summit Crossing LLC
John R Geuting
Deed
$350,000 · Wilmington Trust Co
—
—
Summit Crossing LLC
—
Loan Modification
related
$1,800,000 · M&t Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4417 Smt Brg Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
