Property profile

8991 Redden Rd Bridgeville, DE 19933

FOR SALE
Other commercial real estate
Property ID
US17-0493990
2 ac lot
Entity Owned 19-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a commercial building totaling 4,200 square feet, situated on 2 acres, with zoning classified as C-1. It has direct frontage on Sussex Highway (200 feet) and Redden Road (410 feet) along a major north-south corridor, and is positioned to access a signalized four-way intersection for ingress and egress. The building is configured with mirrored sides, supporting use by multiple office businesses, and includes provisions previously used for medical and office operations, including medical/office equipment and furnishings that may remain or be removed depending on the current owner’s selection. The interior includes five ADA-compliant restrooms, four entries (including two ADA-compliant entrances and one entry with press plate power assist), and dual electric meters. Exterior features include patron parking with 20 spaces, including designated accessible parking. At the rear, there is an oversized two-door block garage and a chain-link fenced area suitable for RV parking or for use as a standalone garage area. The site is outside city limits and therefore not subject to municipal taxes; a stormwater pond is installed. The parcel includes on-site utilities and waste infrastructure, including a 4,400-gallon sand-lined Cap & Fill septic system with risers and a well.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 2 ac (87,120 SF)
Zoning code C-1
APN 131-10.00-89.01
UPID US17-0493990

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Physician
  • Physician
  • Employment Agency

Location

8991 Redden Rd Bridgeville, DE 19933
Bridgeville metro Census 50304 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2007
1 recorded transaction
2007
$660,000

Zoning & alternative use

C-1 · Bridgeville, DE
Zoning description

Commercial District (C-1). A. Purpose: provide appropriate locations for commercial, office, and service uses serving a wider area than Town Center business uses. B. Permitted uses and structures. Where a "(D)" appears t…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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