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    Property profile & analytics

    700 Rdg Ave Middletown, DE 19709-4649

    • Retail space
    • 14,521 SF
    • 2.26 lot acres
    OFF-MARKET
    Value Estimation
    $520,000
    Location Intelligence
    Property ID
    US17-0095080
    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

    • FedEx OnSite / Mailing Service
    • Westown / Shopping Mall
    • Walgreens / Drug Store / Beauty Supply Store
    • Walgreens Photo / Passport Photo Processor / Photo Lab
    • Walgreens Pharmacy / Pharmacy

    Property Details for 700 Rdg Ave

    Year built
    2009
    Construction
    CONCRETE
    Lot size
    2.26 lot acres
    Property size
    14,521 SF
    Zone code
    23C-3
    Property type
    Retail space
    APN
    23-022.00-196
    APU
    2302200196

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $510,000

    • CAP approach

      CAP return
      Estimation
      6%
      $550,000
      6.5%
      $490,000
      7%
      $495,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $510,000
      Geo Method
      $530,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $420,000
      Retail
      $475,000
      Mixed-Use
      $445,000
      Hospitality
      $575,000
      Educational
      $530,000
      Residential Income
      $490,000
      Energy
      $435,000
      Income-Based Land
      $450,000
      Food Service
      $455,000

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7313
    Latitude
    39.448
    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
    $16,870
    $98,400
    $446,700
    $545,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,679 SF

      500 Broad St

      RETAIL STORES (PERSONAL SERVICES) • 1,679 SF
      500 Broad St, Middletown, DE 19709-1005
      View Details
    • Value Estimation by Request
      748 SF

      19 Main St

      RETAIL STORES (PERSONAL SERVICES) • 748 SF
      19 Main St, Middletown, DE 19709-1017
      View Details
    • Value Estimation by Request
      1,580 SF

      26 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,580 SF
      26 Main St, Middletown, DE 19709-1039
      View Details
    • Value Estimation
      $625,000
      11,850 SF

      938 Middletown Warwick Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,850 SF
      938 Middletown Warwick Rd, Middletown, DE 19709-9092
      View Details
    • Value Estimation
      $1,710,000
      21,456 SF

      912 Middletown Warwick Rd

      RETAIL STORES (PERSONAL SERVICES) • 21,456 SF
      912 Middletown Warwick Rd, Middletown, DE 19709-9092
      View Details
    • Value Estimation
      $2,835,000
      6,895 SF

      598 Middletown Warwick Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,895 SF
      598 Middletown Warwick Rd, Middletown, DE 19709-8873
      View Details

    Similar Nearby for Sale

    • $4,000,000
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      Mixed-Use Building in Middletown, DE

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      Turnkey restaurant opportunity in high-traffic area with ample parking.
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      Modern Office Suites, Ample Amenities
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      Middletown Commercial Land - 13.9 Acres

      Prime Delaware location, ideal for retail or commercial development.
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    Similar Nearby for Lease

    • $27 SF/Yr
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      Retail Space in Westown District

      Prime retail space available in Middletown's bustling Westown Shopping District.
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      1,200 SF

      Retail Space on East Main

      Endcap retail space with walk-in refrigerator/freezer on East Main.
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    • $32 SF/Yr
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      Retail Space For Lease

      Retail spaces available from 1,755 to 12,285 SF.
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      1,600 SF

      Retail Space on Main Street

      Retail space available for rent in Middletown, Delaware.
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    • $20 SF/Yr
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      Middletown Retail/Office Space For Rent

      1,500 SF unit in Middletown's growing business community.
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      View Details
    • Contact for pricing
      5,700 SF

      Community Shopping Center Retail Space

      Retail and office space available in Middletown, Delaware.
      751 N Broad St, Middletown, DE 19709
      View Details

    Property Visit Statistics

    • Visits by month
      4.0k
    • Visitors by month
      3.8k
    • Avg Time on site
      13 min
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    700 Rdg Ave
    Middletown, DE 19709-4649
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    Realmo Value Estimation

    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.

    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.

    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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