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Property profile & analytics
OFF-MARKET
Commercial real estate
695 Bethany Loop Bethany Beach, DE 19930-9035
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US17-0225942
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
5.98 ac (260,489 SF)
Zoning code
MR
APN
134-13.00-88.05
UPID
US17-0225942
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
-
Ledo Pizza Bethany Beach, DE Restaurant
-
G&E Hocker’s Supermarket Specialty Food Shop Supermarket
-
Tiffany C. Wedding Photography Wedding Service Photography Service
-
Coinstar Bank Credit Union
-
G AND E MARKET Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Beach Plaza At Salt Pond LLC · 9 yrs held
Beach Plaza At Salt Pond LLC
since 2016
7 recorded transactions
Zoning & alternative use
MR · Bethany Beach, 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 Bethany Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bethany Beach 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$19,373
Tax year 2023
Assessed value
$466,200
Assessed 2024
Previous assessed
$466,200
+0.0% YoY
Effective rate
4.16%
On assessed value
Assessed land
$29,900
Assessed improvement
$436,300
Land market value
$59,800
Improvement market value
$877,300
Total market value
$937,100
Applied tax rate
1.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Cooling
CENTRAL
Lot
5.98 ac (260,489 SF)
Zoning code
MR
APN
134-13.00-88.05
UPID
US17-0225942
Jurisdiction
SUSSEX
Zoning & alternative use
MR · Bethany Beach, DE
Zoning MR · permitted uses
MR · Bethany Beach, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bethany Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Lot
5.98 ac
Current owner
From public records · entity-resolved
Beach Plaza At Salt Pond LLC
Entity
Mailing address
PO BOX 930, OCEAN VIEW, DE 19970-0930
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2020
—
Beach Plaza At Salt Pond LLC
—
Deed
related
$100,000 · Bank Of Del Mar Va
Sep 20, 2016
—
Beach Plaza At Salt Pond LLC
Salt Pond Plaza LLC
Deed In Lieu Of Foreclosure
related
$4,900,000 · Bank Of Del Mar Va
Oct 15, 2009
—
Salt Pond Plaza LLC
—
Trustees Deed
related
$2,000,000 · Wilmington Trust Co
Jan 18, 2007
$4,400,000
Salt Pond Plaza LLC
Salt Pond Associates LLC
Grant Deed
related
—
—
—
Salt Pond Plaza LLC
—
Deed Of Trust
related
$600,000 · B&b Management
—
—
Salt Pond Plaza LLC
—
Deed Of Trust
related
$841,785 · Wilmington Trust Co
—
—
Beach Plaza At Salt Pond LLC
—
Deed Of Trust
related
$100,000 · Bank Of Del Mar Va
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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