Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    504 Marl Pit Rd Middletown, DE 19709-9702

    • Warehouses
    • 3,000 SF
    • 9.15 lot acres
    OFF-MARKET
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    9.6%
    Warehouses
    Location Intelligence
    Property ID
    US17-0113427
    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

    • Warehouses

    Property Details for 504 Marl Pit Rd

    Year built
    1950
    Construction
    CONCRETE
    Lot size
    9.15 lot acres
    Property size
    3,000 SF
    Zone code
    23C-3
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    23-075.00-098
    APU
    2307500098

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $460,000
      6.5%
      $425,000
      7%
      $395,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $256,000
      Market price range: $116k - $344k

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7185
    Latitude
    39.4794
    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
    2024
    $4,008
    $103,400
    $5,400
    $108,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $300,000
      1,008 SF

      901 Churchtown Rd

      MINI-WAREHOUSE, STORAGE • 1,008 SF
      901 Churchtown Rd, Middletown, DE 19709
      View Details
    • Value Estimation
      $320,000
      360 SF

      1221 Marl Pit Rd

      MINI-WAREHOUSE, STORAGE • 360 SF
      1221 Marl Pit Rd, Middletown, DE 19709
      View Details
    • Value Estimation
      $820,000
      21,000 SF

      451 Boyds Cor Rd

      MINI-WAREHOUSE, STORAGE • 21,000 SF
      451 Boyds Cor Rd, Middletown, DE 19709-9547
      View Details
    • Value Estimation
      $995,000
      34,450 SF

      730 Hedgelawn Way

      MINI-WAREHOUSE, STORAGE • 34,450 SF
      730 Hedgelawn Way, Middletown, DE 19709-1724
      View Details
    • Value Estimation
      $470,000
      7,000 SF

      504 Industrial Dr

      MINI-WAREHOUSE, STORAGE • 7,000 SF
      504 Industrial Dr, Middletown, DE 19709-1080
      View Details
    • Value Estimation
      $320,000
      768 SF

      219 Jeffrey Dr

      MINI-WAREHOUSE, STORAGE • 768 SF
      219 Jeffrey Dr, Middletown, DE 19709
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14.90 Acres

      14.9 Acres Middletown Industrial Land

      Rare Delaware industrial land, rail-served.
      419 Boyds Corner Rd, Middletown, DE 19709
      View Details
    • $685,000

      Green Forest Drive Opportunity

      Specialty property available for sale in Middletown, DE.
      126 Houston, Middletown, DE 19709
      View Details
    • $527,000

      Traditions at Whitehall Bloomfield Model

      55+ community with clubhouse, fitness, pools, trails, social events.
      120 Burlina Blvd, Middletown, DE 19709
      View Details
    • $685,000

      Jamison Specialty Property For Sale

      Specialty property available for purchase in Jamison, Middletown, DE.
      126 Jamison, Middletown, DE 19709
      View Details
    • $510,000

      Pine Valley Drive Specialty Property

      Specialty property available for sale in Middletown, Delaware.
      133 Pine Valley Dr, Middletown, DE 19709
      View Details
    • $345,000

      Wilmore Drive Specialty Property

      Specialty property available for sale in Middletown, Delaware.
      367 Wilmore Dr, Middletown, DE 19709
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      13,440 SF

      Diamond State Blvd Warehouse Space

      Middletown, DE industrial warehouse for lease.
      410 Diamond State Blvd, Middletown, DE 19709
      View Details
    • $12 SF/Yr
      20,064 SF

      Midtown DE Flex Space Available

      11,388 SF Flex Warehouse Space
      112 Patriot Dr, Middletown, DE 19709
      View Details
    • Contact for pricing
      262,205 SF

      700 N. Broad St. Industrial Space

      Midtown Delaware Warehouse/Flex Space Available
      700 Broad St, Middletown, DE 19709
      View Details
    • Contact for pricing
      4,000 SF

      Middletown Manufacturing/Industrial Space Available

      4,000 SF manufacturing/industrial space in Middletown, Delaware for lease.
      108 Sleepy Hollow Dr, Middletown, DE 19709
      View Details
    • $13 SF/Yr
      17,300 SF

      Middletown Industrial Flex Space

      Delaware Flex Warehouse: 4,150 SF Available
      126 Patriot Dr, Middletown, DE 19709
      View Details
    • $14 SF/Yr
      24,892 SF

      Middletown Flex Space For Lease

      3,137 SF flex space near Route 1 and 301.
      108 Patriot Dr, Middletown, DE 19709
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    504 Marl Pit Rd
    Middletown, DE 19709-9702
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.