|
PROPERTY NAME
|
W PARISI OFFICE PROPERTY
|
|
PRICE
|
$790,000 * $145 +/- PER SQUARE FOOT
|
|
ADDRESS
|
19 SOUTH STATE STREET, DOVER
KENT COUNTY, DELAWARE 19901
|
|
PROPERTY TYPE
|
GENERAL OFFICE PROPERTY
|
|
ALTERNATIVE USES
|
OFFICE, NEIGHBORHOOD RETAIL
|
|
BUILDING AREA
|
5,442 +/- SQ FT, FREE - STANDING
|
|
BASEMENT AREA
|
PARTIAL, UNFINISHED
|
|
GARAGE
|
OFF – STREET SURFACE PARKING
|
|
LAND AREA
|
21,375 +/- SQ FT, 0.491 +/- ACRE
|
|
LOT FRONTAGE
|
75 +/- FEET
|
|
LOT DEPTH
|
285 +/- FEET
|
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COVERAGE RATIO
|
25.5% +/-
|
|
PARKING
|
20 SPACES * 3.7 PER 1,000 SF BLDG AREA
|
|
ZONING
|
RGO, GROUP RESIDENTIAL & OFFICE CITY OF DOVER
|
|
DEED REFERENCE
|
D558 - 130
|
|
TAX MAP
|
ED05 – 07705 – 04 – 3000 - 0001
|
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FLOOD MAP
|
10001C0167J, ZONE X, MAY 5, 2003
|
|
CENSUS TRACT
|
413
|
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SCHOOL DISTRICT
|
CAPITAL
|
|
TENANT IMPROVEMENTS
|
FULLY PARTITIONED
|
|
WATER
|
PUBLIC
|
|
SEWER
|
PUBLIC
|
|
NATURAL GAS
|
AVAILABLE
|
|
INTERNET
|
VERIZON FIOS, COMCAST
|
|
GROSS INCOME ESTIMATE
|
$87,100 * $16.00 PSF
|
|
VACANCY
|
$4,355 * $0.80 PSF * 5.0%
|
|
GROSS OPERATING INCOME
|
$82,745 * $15.20 PSF * 95%
|
|
OPERATING EXPENSES
|
$30,342 * $5.59 PSF * 36.7%
|
|
NET OPERATING INCOME
|
$52,342 * $9.62 PSF * 63.3%
|
|
CAP RATE
|
6.6%
|
|
CITY TAX ASSESSMENT
|
$643,600 : $119 +/- PSF BLDG AREA
|
|
CITY TAX RATE
|
$0.415 / $100
|
|
CITY PROPERTY TAX
|
$2,700 +/- * $0.50 +/- PSF BLDG AREA
|
|
COUNTY TAX ASSESSMENT
|
$85,600 : $16 +/- PSF BLDG AREA
|
|
COUNTY TAX RATE
|
$2.7412 / $100
|
|
COUNTY PROPERTY TAX
|
$2,400 +/- * $0.45 +/- PSF BLDG AREA
|
