824 Gravesend Rd Smyrna, DE 19977
This exceptional 130.7-acre property in Smyrna, Delaware, presents a unique investment opportunity. The site includes a 2,400 square foot net rentable office space, situated within a larger complex that also features a 1,763 square foot home built in 2020, and a substantial 2,720 square foot attached garage incorporating a 2,400 square foot shop. The office space boasts climate control, insulation, and a half bathroom. The modern home includes two bedrooms, two full bathrooms, and a half bath, complemented by a kitchen with granite countertops. A new Generac whole-house propane generator ensures reliable power. The attached garage is equipped with three 14-foot doors and one 10-foot door, ideal for various uses. Currently operating as a turnkey sod farm, this versatile property offers alternative uses including livestock or horse farming, crop farming, or development into a private estate. Its strategic location near Route 13 provides excellent accessibility, enhancing visibility and convenience. Situated in a thriving area with ongoing development, this property offers significant potential for growth and increased business opportunities, benefiting from Smyrna's location between Dover and Wilmington. The property's zoning and permitted uses should be independently verified.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.