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    Property profile & analytics

    938 Middletown Warwick Rd Middletown, DE 19709-9092

    • Retail space
    • 11,850 SF
    • 3.37 lot acres
    OFF-MARKET
    Value Estimation
    $625,000
    Location Intelligence
    Property ID
    US17-0120876
    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

    • Slim's Sports Complex / Batting Cage Center / Athletic Club
    • Real Life Community Church / Church
    • Bob Wagner's Flooring America - Middletown / Interior Designer / Flooring Contractor
    • Just Between Friends Middletown, DE / Sporting Goods Store / Toy Store
    • BK Ellis & Associates / Consultant

    Property Details for 938 Middletown Warwick Rd

    Year built
    2007
    Construction
    STONE
    Lot size
    3.37 lot acres
    Property size
    11,850 SF
    Zone code
    23C-3
    Property type
    Retail space
    APN
    23-041.00-028
    APU
    2304100028

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $565,000

    • CAP approach

      CAP return
      Estimation
      6%
      $765,000
      6.5%
      $705,000
      7%
      $685,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $735,000
      Geo Method
      $720,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $770,000
      Retail
      $660,000
      Mixed-Use
      $675,000
      Hospitality
      $770,000
      Educational
      $840,000
      Residential Income
      $775,000
      Energy
      $635,000
      Income-Based Land
      $780,000
      Food Service
      $675,000

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7541
    Latitude
    39.4361
    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
    $22,621
    $146,800
    $584,100
    $730,900
    -
    $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
      $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
    • Value Estimation
      $610,000
      20,064 SF

      112 Patriot Dr

      RETAIL STORES (PERSONAL SERVICES) • 20,064 SF
      112 Patriot Dr, Middletown, DE 19709-8997
      View Details

    Similar Nearby for Sale

    • $4,000,000
      24,615 SF

      Mixed-Use Building in Middletown, DE

      Mixed-use property with retail and apartments in downtown Middletown.
      2-12 W Main St, Middletown, DE 19709
      View Details
    • $225,000
      3,482 SF

      Freestanding Restaurant with Drive-Thru

      Turnkey restaurant opportunity in high-traffic area with ample parking.
      100 Sandhill Dr, Middletown, DE 19709
      View Details
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      High-Traffic Location Retail Center

      Retail and commercial land for sale in Middletown, Delaware.
      Willow Grove Mill Dr, Middletown, DE 19709
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    • $500,000
      10.00 Acres

      Land in Horse Country

      10 acres in tranquil Middletown, close to major routes.
      343 Thorntown Rd, Middletown, DE 19709
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    • Contact for pricing
      3,160 SF

      Middletown Medical Office Suite

      Well-kept medical suite in Middletown, Delaware with ample parking.
      114 Sandhill Dr, Middletown, DE 19709
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    • $504,900

      Traditions at Whitehall Town Home

      55+ community with pool, clubhouse, and exercise room.
      1102 Ashton, Middletown, DE 19709
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    Similar Nearby for Lease

    • $27 SF/Yr
      1,500 SF

      Retail Space in Westown District

      Prime retail space available in a bustling shopping district.
      201 S Ridge Ave, Middletown, DE 19709
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space on Main Street

      Retail space available for rent in Middletown, Delaware.
      460 E Main St, Middletown, DE 19709
      View Details
    • Contact for pricing
      1,518 SF

      Retail Space with Patio Potential

      Retail endcap available for lease with outdoor seating option.
      103 Patriot Dr, Middletown, DE 19709
      View Details
    • Contact for pricing
      1,784 SF

      Community Shopping Center Retail Space

      Retail and office space available in Middletown, Delaware shopping center.
      701-743 N Broad St, Middletown, DE 19709
      View Details
    • $750 /Mo

      Middletown Office/Retail Space Available

      Office and retail space for rent in Middletown, Delaware.
      651 N Broad St Suite 106, Middletown, DE 19709
      View Details
    • Contact for pricing
      230,000 SF

      Northside Shopping Center: Middletown, DE

      Retail Space Available: Prime Middletown Location
      465 Middletown Warwick Rd, Middletown, DE 19709
      View Details
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    Middletown, DE 19709-9092
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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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