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Property profile & analytics
OFF-MARKET
Estimated value
$340,000
Medical Office Space
1 Winston Ave Wilmington, DE 19804-1760
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US17-0055161
Property summary
AI-generated overview
This exceptional 2,200-square-foot retail space is available for lease at 1 Winston Ave, Wilmington, DE 19804. Located in the desirable 5-points area, between Wilmington and Newport, this single-tenant property offers a versatile opportunity for a variety of commercial uses. Currently vacant, the space is delivered as a vanilla shell, allowing for complete customization to suit your specific business needs. The zoning designation is CN - Commercial Neighborhood, providing flexibility for various retail or office applications. Permits are in place for a range of uses, simplifying the setup process for your business. The property's convenient location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a strong presence in a thriving area. The total building square footage is 2,200 square feet, providing ample space for a variety of retail or office configurations. This property presents a unique chance to establish your business in a prime Wilmington location. Inquire today to learn more about this exciting opportunity.
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1960
Construction
CONCRETE
Total area
1,710 SF
Lot
0.06 ac (2,614 SF)
Zoning code
CN
APN
07-043.10-332
UPID
US17-0055161
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
-
Family Dental Center Dental Office
-
Dr. Benjamin Gilbert Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$305k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$340k
Owner & transaction history
Winston 1 LLC · 7 yrs held
Winston 1 LLC
since 2019
2 recorded transactions
Zoning & alternative use
CN · Wilmington, DE
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 Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmington 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
by Request
ML approach
$305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$340k
Range $306k – $374k · ±10%
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
$199 / SF
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
$1,797
Tax year 2023
Assessed value
$82,300
Assessed 2023
Previous assessed
$82,300
+0.0% YoY
Effective rate
2.18%
On assessed value
Assessed land
$13,100
Assessed improvement
$69,200
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1960
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
1
Total area
1,710 SF
Lot
0.06 ac (2,614 SF)
Zoning code
CN
APN
07-043.10-332
UPID
US17-0055161
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
CN · Wilmington, DEZoning CN · permitted uses
CN · Wilmington, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1960
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Winston 1 LLC
Entity
Mailing address
1 WINSTON AVE, WILMINGTON, DE 19804-1760
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2019
$133,000
Winston 1 LLC
Jones,h D
Grant Deed
—
—
—
H Donald Jones
—
Deed Of Trust
related
$280,000 · Pnc Bank Delaware
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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