SB Real Estate, LLC

What SB Real Estate, LLC does

SB Real Estate, LLC is a Wilmington, Delaware-based full-service commercial real estate brokerage. Founded in 2012 (per firmographic records) and registered as an LLC in Delaware, the firm is headquartered at 5307 Limestone Rd, Suite 204, with a secondary office at Concord Plaza in Wilmington. The company represents buyers, sellers, tenants, and landlords across retail, industrial, flex, medical, office, land, and development property types, with primary service concentrated in New Castle County, Delaware and Cecil County, Maryland, and broader coverage of the Delaware-Pennsylvania-Maryland Tri-State area.

The firm's core offerings are organized into four service lines: Tenant/Buyer Representation, Landlord/Seller Representation, Investment Sales, and Site Selection & Land Acquisition. Investment sales work includes financial analysis (ROI budgeting, NOI, NPV, cap rates), while site selection covers entitlement and regulatory navigation across telecommunications, commercial, retail, residential, industrial, and medical sectors. The firm operates as a traditional brokerage with no proprietary technology platform; its digital footprint is limited to a property-listing website, LinkedIn and Facebook pages, and BBB accreditation. The team consists of four members led by founding partner Jeff Shahan, who has overseen cumulative transactions exceeding $100 million since entering the industry in 2008.

The business model is purely transactional and commission-based. Revenue is generated on each closed lease or sale, with compensation typically negotiated as a percentage of transaction value and not publicly disclosed. The go-to-market motion is sales-led direct engagement, supplemented by multi-media marketing to drive prospects to listed properties. The customer base is horizontal — split between owners/landlords seeking to monetize assets and tenants/buyers seeking space — with no vertical specialization and no disclosed named accounts. Customer concentration risk is structurally low because the model is deal-by-deal rather than recurring, but the firm's revenue predictability is correspondingly tied to local CRE transaction volume and the productivity of its four brokers.

Name

SB Real Estate, LLC

Legal name

SB Real Estate, LLC

Website

https://sbrealtyco.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

SB Real Estate, LLC is a Wilmington, Delaware-based full-service commercial real estate brokerage serving buyers, sellers, tenants, and landlords across retail, industrial, flex, medical, office, land, and development markets in the Delaware, Pennsylvania, and Maryland Tri-State area. The four-person team earns commission on each transaction, with a particular focus on New Castle County, Delaware and Cecil County, Maryland.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Brokerage

NAICS

Offices of Real Estate Agents and Brokers (53121)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Tenant Representation & Corporate Services Brokerage (BPAJABAJ)

akta.pro secondary industries

Land & Development Site Brokerage (BPAJABAG), Capital Markets Advisory (Equity Placement, JV & Recapitalization) (BPAJABAL)

Keywords

• Commercial real estate brokerage
• Tenant representation services
• Landlord representation services
• Commercial investment sales
• Site selection services

Headquarters

HQ city

Wilmington

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Commercial Real Estate Brokerage Commissions: The company earns commissions on commercial real estate transactions including leasing and sales of retail, industrial, flex, medical, office, land, and development properties. Represents both buyers and sellers (tenants and landlords) in transactions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

SB Real Estate, LLC is a full-service commercial real estate brokerage in Wilmington, Delaware, representing buyers, sellers, tenants, and landlords across retail, industrial, flex, medical, office, land, and development properties in the Tri-State area of Delaware, Pennsylvania, and Maryland. Core services include tenant/buyer representation, landlord/seller representation, investment sales with financial analysis (ROI, NOI, NPV, cap rates), and site selection plus land acquisition with entitlement and regulatory guidance.

Product overview

SB Real Estate is a full-service commercial real estate brokerage offering a unified suite of services centered around commercial property transactions. The company's core offerings include Tenant/Buyer Representation (advisory services for companies seeking commercial space), Landlord/Seller Representation (property sales and marketing), Investment Sales (acquisition assistance with financial analysis), and Site Selection & Land Acquisition (location research and regulatory navigation). These services are provided as integrated offerings for retail, industrial, flex, medical, office, land, and development markets in Delaware and Maryland.

Differentiator

Problem solved

Functional benefit

Products and services

• Tenant/Buyer Representation Advisory services for companies and individuals seeking commercial real estate to lease or purchase, providing market knowledge of available medical, industrial, office, retail, flex, land, and development space in Delaware and adjacent states.
• Landlord/Seller Representation Services for commercial property owners and developers focused on selling properties at the highest market value and driving prospects through multi-media marketing and property signage across Delaware, Pennsylvania, and Maryland.
• Investment Sales Commercial property acquisition assistance with investment return analysis including ROI budgeting, NOI analysis, NPV calculations, and cap rate determinations to support buyer-side investment decisions.
• Site Selection & Land Acquisition Site acquisition services for multiple industries including telecommunications, commercial, retail, residential, industrial, and medical sectors, with expertise in entitlement and regulatory navigation, screening, and vetting.

Quantifiable outcome

• Transactions totaling over $100 million

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves5 records

Expansion highlights8 records

Broad incumbents

• Cushman & Wakefield: Global commercial real estate services firm with full-service brokerage, valuation, and capital markets capabilities operating in the Philadelphia/Delaware corridor. Competes with SB Real Estate for larger institutional landlord and tenant mandates in the Tri-State area.
• CBRE Group: Largest global commercial real estate services and investment firm with substantial Philadelphia/Delaware presence. Overlaps with SB Real Estate across leasing, investment sales, and site selection for office, industrial, and retail clients in the Tri-State.
• Colliers International: Global commercial real estate services firm with Mid-Atlantic operations providing leasing, sales, and capital markets advisory. Comparable to SB Real Estate in serving owners and tenants across office, industrial, retail, and land.
• JLL: Global real estate services firm offering brokerage, capital markets, and advisory across all major property types, with regional coverage in the Philadelphia/Wilmington corridor. Competes for many of the same tenant rep, landlord rep, and investment sales mandates.
• NAI Global: Global network of independently owned commercial real estate brokerage firms with strong Mid-Atlantic coverage, including Delaware offices. Highly comparable as a competing full-service commercial brokerage serving owners, tenants, investors, and developers across office, industrial, retail, and land.

Direct peers

• SVN International: Mid-tier commercial real estate franchise network offering sales, leasing, tenant and landlord representation across property types. Directly comparable to SB Real Estate as a similarly positioned full-service CRE brokerage competing for the same owner/tenant mandates.
• Sperry Commercial Global Affiliates: Mid-tier commercial real estate franchise network offering investment sales, leasing, and property management across the U.S. Directly comparable to SB Real Estate as a similarly sized full-service CRE brokerage targeting owners, tenants, and investors.
• Lee & Associates: Mid-sized commercial real estate brokerage with regional offices across the U.S., providing leasing, sales, and tenant/landlord representation. Similar service model and property-type breadth to SB Real Estate, competing for the same commercial mandates.
• Marcus & Millichap: Investment sales-focused commercial real estate brokerage firm with strong Mid-Atlantic presence. Comparable to SB Real Estate's investment sales offering with overlapping focus on cap rate, NOI, and ROI analysis for commercial property acquisitions.

Regional players

• Binswanger: Regional commercial real estate firm with strong Mid-Atlantic presence focusing on industrial, office, retail, and land transactions. Comparable as a regional competitor with overlapping service offerings to SB Real Estate in the Delaware/Tri-State market.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/SBRealEstateLLC
• LinkedInlinkedin.com/company/sb-real-estate-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SB Real Estate, LLC