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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Individual retail properties
100 Fitness Way, Hockessin, DE 19707-2423
Entity Owned
1-yr Hold
Free & Clear
Property ID
US17-0299190
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2007
Construction
CONCRETE
Total area
13,680 SF
Lot
11.6 ac (505,296 SF)
Zoning code
CR
APN
08-012.00-012
UPID
US17-0299190
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
-
Nouveau Medispa Spa & Massage Center Alternative Medicine Practice
-
Elite PT - Hockessin Physician
-
Stage Stars Dance and Acro Training Center
-
Kathryn Johnson Physician
-
ISR of Northern Delaware [email protected] Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$609k
Blend (final)
Blend
$610k
Owner & transaction history
Eastern Athletic Clubs Realty LLC · 1 yrs held
Eastern Athletic Clubs Realty LLC
since 2024
Last sale
$10
6 recorded transactions
Zoning & alternative use
CR · Hockessin, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$890,000
+93.0%
Industrial (general)
$600,000
+29.7%
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 Hockessin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hockessin 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
GYM, HEALTH SPA
$460,000
Current use
WAREHOUSE, STORAGE
$890,000
Change: +93% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$600,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $10 (Oct 16 2024)
Last sale anchor
$10
Oct 16 2024
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
$45 / 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
$163,044
Tax year 2023
Assessed value
$4,941,000
Assessed 2023
Previous assessed
$4,941,000
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$348,000
Assessed improvement
$4,593,000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
7
Stories
2
Total area
13,680 SF
Lot
11.6 ac (505,296 SF)
Zoning code
CR
APN
08-012.00-012
UPID
US17-0299190
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
CR · Hockessin, DE
Zoning CR · permitted uses
CR · Hockessin, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hockessin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
GYM, HEALTH SPA Current
Est. value
$460,000
WAREHOUSE, STORAGE
Est. value
$890,000
INDUSTRIAL (GENERAL)
Est. value
$600,000
GYM, HEALTH SPA Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Buildings
7
Lot
11.6 ac
Current owner
From public records · entity-resolved
Eastern Athletic Clubs Realty LLC
Entity
Free & Clear · 1 yrs held
Mailing address
100 FITNESS WAY, HOCKESSIN, DE 19707-2423
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2025
—
Eastern Athletic Clubs Realty LLC
—
Deed
related
$1,500,000 · First Citizens Community Bank
Oct 16, 2024
—
Eastern Athletic Clubs Realty LLC
The Department Of Transportation
Quit Claim Deed
related
—
Jun 15, 2022
—
Eastern Athletic Clubs Realty LLC
—
Deed
related
$17,125 · First Citizens Community Bank
Sep 21, 2017
—
Eastern Athletic Clubs Realty
—
Loan Modification
related
$25,500,000 · Bank Of America
Aug 17, 2012
—
Eastern Athletic Clubs LLC
—
Deed Of Trust
related
$25,000,000 · Bank Of America
Apr 7, 2005
$10
Athletics Clubs Realty I Eastern
Mcgrellis,john J III
Grant Deed
—
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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