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    734 Pulaski Hwy Bear, DE 19701
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    Property profile & analytics

    734 Pulaski Hwy Bear, DE 19701

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    • Retail space
    • 4,836 SF
    • 7.60 lot acres
    For Sale
    $3,100,000
    View Listing →
    Prime Bear, DE Mobile Home Park For Sale
    $3,100,000

    Prime Bear, DE Mobile Home Park

    High-Yield Mobile Home Community, 45 Units

    734 Pulaski Hwy, Bear, DE 19701
    View Listing
    Property ID
    US17-0037589
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Glamour nails / Theater & Performing Art Venue / Nightclub

    Property Details for 734 Pulaski Hwy

    Year built
    1960
    Construction
    CONCRETE
    Lot size
    7.60 lot acres
    Property size
    4,836 SF
    Zone code
    NCMM
    Property type
    Retail space
    APN
    10-034.00-020
    APU
    1003400020

    Description

    This exceptional investment opportunity presents a 45-unit mobile home park situated on a spacious 5.77-acre lot at 734 Pulaski Highway in Bear, Delaware. Conveniently located off Route 40, this income-generating property boasts a remarkable 96% occupancy rate, with 96% of units resident-owned. The park's strong performance offers significant potential for increased revenue through several avenues. Two developed vacant sites are ready for immediate development, adding to the existing unit count and rental income. Furthermore, the undeveloped area at the rear of the property allows for the potential addition of two more sites, further expanding the park's capacity. Adding to the property's income stream is a single-family home currently rented on the premises. A significant advantage lies in the opportunity to transfer water and sewer costs to tenants, optimizing operational efficiency and profitability. This well-established mobile home park presents a compelling investment opportunity for those seeking a stable, high-yield asset with considerable upside potential for growth and enhanced profitability. The property is priced at $3,100,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $355,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $780,000
      6.5%
      $720,000
      7%
      $670,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $592,000
      Market price range: $198k - $593k

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

    Location Insight

    • Map
    • Local Demand
    City
    Bear
    County
    New Castle
    State
    Delaware
    Longitude
    -75.6381
    Latitude
    39.6434
    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
    $11,574
    $184,400
    $193,400
    $377,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation
      $910,000
      6,889 SF

      1880 Pulaski Hwy

      RETAIL STORES (PERSONAL SERVICES) • 6,889 SF
      1880 Pulaski Hwy, Bear, DE 19701-1710
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    • Value Estimation by Request
      2,450 SF

      1756 Bear Corbitt Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,450 SF
      1756 Bear Corbitt Rd, Bear, DE 19701-1538
      View Details
    • Value Estimation by Request
      720 SF

      747 Pulaski Hwy

      RETAIL STORES (PERSONAL SERVICES) • 720 SF
      747 Pulaski Hwy, Bear, DE 19701-1237
      View Details
    • Value Estimation
      $2,205,000
      14,100 SF

      120 Rickey Blvd

      RETAIL STORES (PERSONAL SERVICES) • 14,100 SF
      120 Rickey Blvd, Bear, DE 19701
      View Details
    • Value Estimation
      $12,730,000
      119,610 SF

      1030 Songsmith Dr

      RETAIL STORES (PERSONAL SERVICES) • 119,610 SF
      1030 Songsmith Dr, Bear, DE 19701-1194
      View Details

    Similar Nearby for Sale

    • $2,200,000

      Commercial Property on Route 40

      Two buildings totaling 6,799 SF on 1.86 acres.
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      View Details
    • Contact for pricing

      Retail Space in Bear, Delaware

      Retail property with space for lease in Bear, Delaware.
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      View Details
    • $275,000
      0.23 Acres

      Commercial Land on Pulaski Highway

      Commercial land with frontage on Route 40 near Becks Woods.
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    • $1,750,000

      Prime Retail Land on Route 40

      1.98 +/- acre retail land on high-traffic Route 40.
      1967 Pulaski Hwy, Bear, DE 19701
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    • $2,000,000
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      Residential Community Land Opportunity

      16-lot residential community in New Castle County, 15.7 acres.
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    Similar Nearby for Lease

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      6,000 SF

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      8,000 SF

      Office and Retail Space Available

      8,000 SF office/retail space at Rt. 40 intersection.
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      1,600 SF

      Retail Space with Pylon Sign

      Retail space with high traffic and ample parking available for rent.
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      2,718 SF

      Retail Space in Bear, DE

      Retail space available in a shopping center with national tenants.
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    • Contact for pricing

      Retail Space in Bear, DE

      Retail space available in a shopping center with national tenants.
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      View Details
    View Listing
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    Bear, DE 19701
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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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