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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Commercial real estate
9 Park St Milton, DE 19968
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US17-0366691
Property summary
AI-generated overview
This 1,600 square foot industrial property located at 9 Park St, Milton, DE 19968, presents a unique opportunity. The single-story building, constructed in 1980, is zoned for light industrial use and features a spacious layout ideal for various businesses. The property consists of one suite encompassing the entire 1,600 square feet, offering flexibility and ample space. The high ceilings, measuring 14 feet, provide significant vertical clearance, beneficial for storage or specialized equipment. The space is currently configured as a shop/storage area, with dimensions approximately 20 feet by 80 feet. Note that there is no bathroom or plumbing currently installed. The property is adaptable and offers a build-to-suit option, allowing for customization to meet specific business needs. This versatile space is perfect for businesses seeking a functional and adaptable workspace in a convenient Delaware location. The property is situated in a light industrial zone, providing access to key transportation routes and infrastructure. The minimum divisible space is 1,600 square feet, making it suitable for a single tenant.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
1.99 ac (86,684 SF)
Zoning code
TN
APN
235-20.11-5.00
UPID
US17-0366691
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
-
The Shore Store Party Rentals Party Supply Store Rental Equipment Company
-
Coastal Beach Services (Bike/Boat/Book/etc) Store
-
KC Kitchen Remodeling Hardware & Home Improvement Kitchen & Bath Showroom
-
KC Shower Doors Renovation Specialist General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$885k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$840k
Owner & transaction history
Kevin Craig · 4 yrs held
Kevin Craig
since 2022
Last sale
$800,000
1 recorded transaction
Zoning & alternative use
TN · Milton, 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 Milton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milton 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
Method
Estimation
Statistic approach
$885,000
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$840k
Range $756k – $924k · ±10% · vs last sale $800k (Jan 5 2022)
Last sale anchor
$800k
Jan 5 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
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
$4,889
Tax year 2023
Assessed value
$96,700
Assessed 2024
Previous assessed
$96,700
+0.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$7,500
Assessed improvement
$89,200
Land market value
$20,000
Improvement market value
$178,400
Total market value
$198,400
Applied tax rate
6.0000
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
Lot
1.99 ac (86,684 SF)
Zoning code
TN
APN
235-20.11-5.00
UPID
US17-0366691
Jurisdiction
SUSSEX
Zoning & alternative use
TN · Milton, DE
Zoning TN · permitted uses
TN · Milton, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
1.99 ac
Current owner
From public records · entity-resolved
Kevin Craig
Individual
Mailing address
116 KINGS CRK CIR, REHOBOTH BEACH, DE 19971-1031
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2022
$800,000
Kevin Craig
Kc America INC
Deed
$500,000 · Wilmington Savings Fund Society Fsb
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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