Back to Search
Property profile & analytics
FOR LEASE
Investment properties
5350 Summit Bridge Rd Middletown, DE 19709
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US17-0209059
For Lease
1 / 15
$12.50 SF/Yr
5350 Summit Bridge Rd, Middletown, DE 19709
View Listing →
Property summary
AI-generated overview
Cricklewood Grove, located at 5350 Summit Bridge Rd, Middletown, DE 19709, offers a diverse range of office spaces for lease. This Class B property, built in 2006, comprises two two-story buildings totaling 40,000 square feet on 3.5 acres of land. The property features a variety of suite sizes, with a minimum divisible space of 1,665 square feet and a maximum contiguous space of 2,200 square feet. Currently, 7,250 square feet are available across eight total suites. The property is zoned 23C-2 - DOWNTOWN COMMERCIAL and offers convenient access to major roadways including Route 71, Route 299/301, and Route 1, placing it within easy reach of Townsend, Odessa, and Smyrna. Amenities include one elevator. The property is ideal for various office uses, including traditional, executive, coworking, medical, and creative office spaces. Its suburban setting provides ample parking. The property boasts a strong tenant mix within Middletown's city limits. This is a prime opportunity for businesses seeking high-quality office space in a strategic location.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2006
Construction
ADOBE
Total area
25,000 SF
Lot
3.5 ac (152,460 SF)
Zoning code
23C-2
APN
23-013.00-048
UPID
US17-0209059
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
-
Broad Street Barbershop Barber Shop
-
Pizza Di Napoli Restaurant
-
Hong Kong Restaurant
-
Affinity Wellness & Consultants Physician Alternative Medicine Practice
-
TechNowzi Telecommunications Service Data Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.92M
Comparable Approach
Comparable
$2.56M
Blend (final)
Blend
$3.27M
Owner & transaction history
Golden Odyssey INC · 20 yrs held
Golden Odyssey INC
since 2006
1 recorded transaction
Zoning & alternative use
23C-2 · 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%
$4,245,000
6.5%
$3,920,000
7%
$3,640,000
Blend value · Realmo final
$3.27M
Range $2.94M – $3.60M · ±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
$131 / 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
$32,280
Tax year 2023
Assessed value
$1,043,000
Assessed 2023
Previous assessed
$1,043,000
+0.0% YoY
Effective rate
3.09%
On assessed value
Assessed land
$152,500
Assessed improvement
$890,500
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
2006
Construction
ADOBE
Heating
YES
Cooling
YES
Stories
2
Total area
25,000 SF
Lot
3.5 ac (152,460 SF)
Zoning code
23C-2
APN
23-013.00-048
UPID
US17-0209059
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
23C-2 · Middletown, DE
Zoning 23C-2 · permitted uses
23C-2 · Middletown, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
ADOBE
Heating
YES
Cooling
Yes
Stories
2
Lot
3.5 ac
Current owner
From public records · entity-resolved
Golden Odyssey INC
Entity
Mailing address
42 HARVEST LN, HOCKESSIN, DE 19707-2095
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2006
—
Golden Odyssey INC
—
Trustees Deed
related
$2,000,000 · Artisans 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.
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?”
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.
