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Property profile & analytics
OFF-MARKET
Commercial real estate
Ocean View, DE 19970
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US17-0249691
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2007
Construction
WOOD FRAME
Total area
2,618 SF
Lot
10.01 ac (436,036 SF)
Zoning code
MR
APN
134-8.00-832.00
UPID
US17-0249691
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Henry Joseph Kodan · 1 yrs held
Henry Joseph Kodan
since 2024
7 recorded transactions
Zoning & alternative use
MR · Ocean View, 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 Ocean View submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean View 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
$1,108
Tax year 2023
Assessed value
$26,800
Assessed 2024
Previous assessed
$26,800
+0.0% YoY
Effective rate
4.13%
On assessed value
Assessed land
$26,800
Land market value
$53,600
Total market value
$53,600
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
Year built
2007
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
8
Total area
2,618 SF
Lot
10.01 ac (436,036 SF)
Zoning code
MR
APN
134-8.00-832.00
UPID
US17-0249691
Jurisdiction
SUSSEX
Zoning & alternative use
MR · Ocean View, DE
Zoning MR · permitted uses
MR · Ocean View, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ocean View. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
8
Lot
10.01 ac
Current owner
From public records · entity-resolved
Henry Joseph Kodan
Individual
Free & Clear · 1 yrs held
Mailing address
54 W STEPHEN DR, NEWARK, DE 19713-1867
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2024
—
Henry Joseph Kodan
Henry Kodan
Special Warranty Deed
—
May 22, 2024
—
Robert S Clodius Trust
Robert S Clodius
Deed
—
Jun 13, 2022
—
Robert S Clodius
—
Deed
related
$425,000 · Benchmark Federal Credit Union
Nov 15, 2021
—
Dennis C Brady
—
Deed
related
$255,000 · Bank Of America NA
Dec 22, 2020
$700,000
John F Grabowski
Workforce Mobility In Weichert
Grant Deed
—
Sep 10, 2020
—
Kevin T Owens
—
Deed
related
$309,200 · Guaranteed Rate
Aug 21, 2020
—
Mobility In Weichert Workforce
Steven P JR
Grant Deed
—
Nov 1, 2019
—
Lisa M Fedor
John Fedor
Quit Claim Deed
related
—
Jan 18, 2011
—
Norval H King III
—
Trustees Deed
related
$150,000 · Manufacturers Traders & Trust
Aug 12, 2008
—
Neil J Petti
Petti,neil J
Quit Claim Deed
related
—
Sep 17, 2007
$379,265
Daniel J Perrino
Bay Forest LLC
Grant Deed
—
—
—
Lapanne Gary M Tr
—
Deed Of Trust
related
$309,890 · Nvr Mortgage Finance INC
—
—
Kevin T Owens
—
Deed Of Trust
related
$309,200 · Guaranteed Rate
—
—
Murphy Donald J Tr
—
Deed Of Trust
related
$164,500 · Nvr Mortgage Finance INC
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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