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Property profile & analytics
OFF-MARKET
Estimated value
$1,960,000
Commercial real estate
Rehoboth Beach, DE 19971
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US17-0244347
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
50.64 ac (2,205,878 SF)
Zoning code
AR-1
APN
334-18.00-83.00
UPID
US17-0244347
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
$1.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.96M
Owner & transaction history
Osprey Point Preserve LLC · 3 yrs held
Osprey Point Preserve LLC
since 2022
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
AR-1 · Rehoboth 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 Rehoboth Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rehoboth 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
Method
Estimation
Statistic approach
$2,090,000
ML approach
$1,975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.96M
Range $1.76M – $2.16M · ±10% · vs last sale $1.89M (Sep 8 2022)
Last sale anchor
$1.89M
Sep 8 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
$8,236
Tax year 2023
Assessed value
$239,850
Assessed 2024
Previous assessed
$239,850
+0.0% YoY
Effective rate
3.43%
On assessed value
Assessed land
$82,750
Assessed improvement
$157,100
Land market value
$91,200
Improvement market value
$243,000
Total market value
$334,200
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
50.64 ac (2,205,878 SF)
Zoning code
AR-1
APN
334-18.00-83.00
UPID
US17-0244347
Jurisdiction
SUSSEX
Zoning & alternative use
AR-1 · Rehoboth Beach, DE
Zoning AR-1 · permitted uses
AR-1 · Rehoboth Beach, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rehoboth Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
50.64 ac
Current owner
From public records · entity-resolved
Osprey Point Preserve LLC
Entity
Mailing address
2979 BARLEY ML RD, YORKLYN, DE 19736-9702
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2022
$1,889,284
Osprey Point Preserve LLC
Robert A Marshall
Deed
—
Oct 6, 2021
—
Osprey Point Preserve LLC
Robert A Marshall
Correction Deed
related
—
Apr 15, 2021
$1,129,441
Osprey Point Preserve LLC
Robert A Marshall
Deed
—
Feb 5, 2021
—
Osprey Point Preserve LLC
—
Deed
related
$2,500,000 · Wilmington Savings Fund Society Fsb
Apr 23, 2020
$800,000
Qsprey Point Preserve LLC
Robert A Marshall
Grant Deed
$15,475,000 · Robert A Marshall
Apr 23, 2020
—
Robert A Marshall
—
Deed
related
$1,000,000 · Common Sense Solutions LLC
Mar 13, 2017
—
Robert A Marshall
Cannon,katharine D
Grant Deed
—
Apr 22, 2008
—
Donald R Engle
Engle,donald A
Quit Claim Deed
related
—
Apr 22, 2008
$4,000
Donald R Engle
Marshall,robert A
Grant Deed
—
—
—
Robert A Marshall
—
Deed Of Trust
related
$1,000,000 · Common Sense Solutions LLC
—
—
Karen Oates
—
Deed Of Trust
related
$150,000 · Delaware National Bank
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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