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Property profile & analytics
OFF-MARKET
Estimated value
$5,200,000
Parking lots & garages
1000 Renaissance Way Wilmington, DE 19803-3744
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US17-0120063
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2020
Construction
BRICK
Total area
66,246 SF
Lot
59.1 ac (2,574,396 SF)
Zoning code
OR
APN
06-100.00-067
UPID
US17-0120063
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.20M
Owner & transaction history
Brandywine Investment Group V LLC · 6 yrs held
Brandywine Investment Group V LLC
since 2020
7 recorded transactions
Zoning & alternative use
OR · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.0M
+47.1%
Restaurant
$6.8M
+26.2%
Retail stores
$5.6M
+2.7%
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 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$5,420,000
Current use
AUTO REPAIR, GARAGE
$7,970,000
Change: +47% · Conversion: Difficult
RESTAURANT
$6,835,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$5,565,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,945,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$5.20M
Range $4.68M – $5.72M · ±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
$78 / 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
$331,185
Tax year 2023
Assessed value
$9,412,800
Assessed 2023
Previous assessed
$9,636,800
-2.3% YoY
Effective rate
3.52%
On assessed value
Assessed land
$4,728,000
Assessed improvement
$4,684,800
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2020
Construction
BRICK
Heating
NONE
Buildings
2
Stories
7
Total area
66,246 SF
Lot
59.1 ac (2,574,396 SF)
Zoning code
OR
APN
06-100.00-067
UPID
US17-0120063
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
OR · Wilmington, DE
Zoning OR · permitted uses
OR · Wilmington, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wilmington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$8.0M
RESTAURANT
Est. value
$6.8M
RETAIL STORES
Est. value
$5.6M
WAREHOUSE, STORAGE
Est. value
$4.9M
PARKING LOT Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
WAREHOUSE, STORAGE
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
2020
Construction
BRICK
Heating
NONE
Stories
7
Buildings
2
Lot
59.1 ac
Current owner
From public records · entity-resolved
Brandywine Investment Group V LLC
Entity
Mailing address
200 CONTINENTAL DR STE #200, NEWARK, DE 19713-4303
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2024
—
Brandywine Investment Group V LLC
—
Deed
related
$8,100,000 · First Citizens Community Bank
Jun 15, 2023
—
Brandywine Investment Group LLC
—
Deed
related
$23,500,000 · M & T Bank
Mar 22, 2022
—
Brandywine Investment Group V LLC
—
Deed
related
$12,562,500 · Wilmington Savings Fund Society Fsb
Jan 10, 2022
—
Branijywine Investment Group V LLC
—
Deed
related
$5,000,000 · Wilmington Savings Fund Society Fsb
Jul 1, 2020
—
Brandywine Investment Group V LLC
Brandywine Investment Group II LLC
Intrafamily Transfer
related
—
Apr 10, 2019
—
Brandywine Investment Group II LLC
Brandywine Investment Group LLC
Deed
—
May 2, 2018
—
Brandywine Invs Grp II LLC
—
Grant Deed
related
$10,000,000 · Capital One NA
Apr 26, 2018
—
Brandywine Invs Grp II LLC
Brandywine Invs Grp LLC
Quit Claim Deed
—
Jun 30, 2017
—
Brandywine Investment Group LLC
Astrazeneca Pharmaceuticals LP
Deed
$46,300,000 · Capital One NA
Nov 9, 2010
—
Astrazeneca Pharmaceuticals LP
State Of Delaware
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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