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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500 Broad St Middletown, DE 19709-1443

    • Assisted living facilities
    • 53,287 SF
    • 4.21 lot acres
    OFF-MARKET
    Value Estimations
    $1,035,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US17-0223282
    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

    • Cadia Healthcare Broadmeadow / Rehabilitation Center / Nursing Home
    • Elana's Broad St. Florist & Gifts / Florist / Flower Delivery

    Property Details for 500 Broad St

    Year built
    2005
    Construction
    CONCRETE
    Lot size
    4.21 lot acres
    Property size
    53,287 SF
    Zone code
    23R-2
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    23-009.00-245
    APU
    2300900245

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $930,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,146,000
      Market price range: $1.15M - $3.20M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7175
    Latitude
    39.4441
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD 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
    $0.00
    $42,100
    $2,795,800
    $2,837,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,010,000
      52,884 SF

      820 Middletown Odessa Rd

      HOMES (RETIRED, NURSING) • 52,884 SF
      820 Middletown Odessa Rd, Middletown, DE 19709-9049
      View Details
    • Value Estimation by Request
      3,014 SF

      1269 Bayview Rd

      HOMES (RETIRED, NURSING) • 3,014 SF
      1269 Bayview Rd, Middletown, DE 19709-2147
      View Details
    • Value Estimation
      $1,075,000
      48,857 SF

      250 Hampden Rd

      HOMES (RETIRED, NURSING) • 48,857 SF
      250 Hampden Rd, Middletown, DE 19709-5303
      View Details
    • Value Estimation
      $1,250,000
      8,038 SF

      122 Sandhill Dr

      DENTAL BUILDING • 8,038 SF
      122 Sandhill Dr, Middletown, DE 19709-5860
      View Details
    • Value Estimation by Request
      1,975 SF

      216 Main St

      DENTAL BUILDING • 1,975 SF
      216 Main St, Middletown, DE 19709-1041
      View Details
    • Value Estimation
      $1,470,000
      10,690 SF

      118 Sandhill Dr

      DENTAL BUILDING • 10,690 SF
      118 Sandhill Dr, Middletown, DE 19709-5859
      View Details

    Similar Nearby for Sale

    • $568,500

      Parks Edge 55+ Community Home

      New 55+ community with luxury amenities and vibrant social scene.
      3006 Barber Ln, Middletown, DE 19709
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    • $527,000

      Traditions at Whitehall Bloomfield Model

      55+ community with clubhouse, fitness, pools, trails, social events.
      120 Burlina Blvd, Middletown, DE 19709
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    • $504,900

      Traditions at Whitehall Town Home

      55+ community with pool, clubhouse, and exercise room.
      1102 Ashton, Middletown, DE 19709
      View Details
    • $688,893

      Traditions At Whitehall: Chelsea Model

      New 55+ community home with clubhouse and modern amenities.
      548 Chelsea, Middletown, DE 19709
      View Details
    • $579,000

      Traditions at Whitehall 55+ Community

      Charming 3-bedroom home in a vibrant active adult community.
      204 Baldy Ln, Middletown, DE 19709
      View Details
    • $3,000,000
      3.11 Acres

      Prime Middletown Development Land

      3.11 Acres, Zoned 23C-3, High Traffic Area
      336 Brick Mill Rd, Middletown, DE 19709
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      40,000 SF

      Cricklewood Grove Office Suites

      Middletown, DE Office Space Available
      5350 Summit Bridge Rd, Middletown, DE 19709
      View Details
    • $13 SF/Yr
      13,500 SF

      611 Tower Ln: Flex Space Available

      Modern Flex Space, New Castle County
      611 Tower Ln, Middletown, DE 19709
      View Details
    • Contact for pricing
      43,560 SF

      Kohl's Pad Site: Middletown, DE

      Prime 1-Acre Retail Pad Site
      601 Ridge Ave, Middletown, DE 19709
      View Details
    • $22 SF/Yr
      15,066 SF

      Modern Office Suite For Rent

      Professional office suite available in Middletown, Delaware.
      222 Middletown, Middletown, DE 19709
      View Details
    • Contact for pricing

      Retail Space in Middletown Crossing

      Retail shopping center with dining and development opportunities.
      300 E Main St, Middletown, DE 19709
      View Details
    • Contact for pricing

      Retail Space in Middletown Crossing

      Retail shopping center with dining and development opportunities.
      404 E Main St, Middletown, DE 19709
      View Details
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    500 Broad St
    Middletown, DE 19709-1443
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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