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Property profile & analytics
OFF-MARKET
Estimated value
$3,000,000
Commercial real estate
939 Pennsylvania Ave Bethany Beach, DE 19930-3467
Trust Owned
Free & Clear
Property ID
US17-0061709
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.68 ac (29,440 SF)
Zoning code
B-1
APN
134-13.15-153.00
UPID
US17-0061709
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
-
Bethany Resort Furnishings Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.00M
Owner & transaction history
Ridenour Family Revocable Trust
Ridenour Family Revocable Trust
since 2026
Last sale
$3.0M
4 recorded transactions
Zoning & alternative use
B-1 · Bethany Beach, 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 Bethany Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bethany Beach 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$3,510
Tax year 2023
Assessed value
$84,900
Assessed 2024
Previous assessed
$84,900
+0.0% YoY
Effective rate
4.13%
On assessed value
Assessed land
$35,550
Assessed improvement
$49,350
Land market value
$71,100
Improvement market value
$98,700
Total market value
$169,800
Applied tax rate
1.0000
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
0.68 ac (29,440 SF)
Zoning code
B-1
APN
134-13.15-153.00
UPID
US17-0061709
Jurisdiction
SUSSEX
Zoning & alternative use
B-1 · Bethany Beach, DE
Zoning B-1 · permitted uses
B-1 · Bethany Beach, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bethany Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.68 ac
Current owner
From public records · entity-resolved
Ridenour Family Revocable Trust
Trust
Free & Clear · 0 yrs held
Mailing address
PO BOX 397, BETHANY BEACH, DE 19930-0397
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2026
$4,550,000
Ridenour Family Revocable Trust
Neptune Properties LLC
Deed
—
Mar 7, 2025
$3,000,000
Neptune Properties LLC
Bef Holdings LLC
Deed
$2,550,000 · Bank Of Ocean City
Jun 27, 2013
—
Brf Holdings LLC
—
Trustees Deed
related
$1,500,000 · Farmers Bank Of Willards
Feb 8, 2005
$2,250,000
Brf Holdings LLC
Route One Properties INC
Grant Deed
related
—
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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