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Property profile & analytics
OFF-MARKET
Estimated value
$5,420,000
Office Spaces
1000 St Wilmington, DE 19801-1050
Entity Owned
8-yr Hold
Free & Clear
Property ID
US17-0134409
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1971
Construction
ADOBE
Total area
26,208 SF
Lot
1.05 ac (45,738 SF)
Zoning code
26C-4
APN
26-028.40-046
UPID
US17-0134409
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
$4.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.42M
Owner & transaction history
Office Partners Xix Brandywine LLC · 8 yrs held
Office Partners Xix Brandywine LLC
since 2018
7 recorded transactions
Zoning & alternative use
26C-4 · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$4,450,000
6.5%
$4,110,000
7%
$3,815,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,415,000
Current use
RETAIL STORES
$5,400,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$5.42M
Range $4.88M – $5.96M · ±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
$207 / 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
$769,217
Tax year 2023
Assessed value
$21,329,800
Assessed 2023
Previous assessed
$21,329,800
+0.0% YoY
Effective rate
3.61%
On assessed value
Assessed land
$4,573,800
Assessed improvement
$16,756,000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1971
Construction
ADOBE
Heating
YES
Cooling
YES
Total area
26,208 SF
Lot
1.05 ac (45,738 SF)
Zoning code
26C-4
APN
26-028.40-046
UPID
US17-0134409
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
26C-4 · Wilmington, DEZoning 26C-4 · permitted uses
26C-4 · Wilmington, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.4M
RETAIL STORES
Est. value
$5.4M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1971
Construction
ADOBE
Heating
YES
Cooling
Yes
Lot
1.05 ac
Current owner
From public records · entity-resolved
Office Partners Xix Brandywine LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1000 NW ST STE #900, WILMINGTON, DE 19801-1000
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2026
—
Office Partners Xix Brandywine LLC
—
Deed
related
$41,000,000 · German American Capital Corp
Dec 22, 2022
—
Office Partners Xix Brandy Wine LLC
—
Deed
related
$24,975,716 · Wilmington Savings Fund Society Fsb
Mar 11, 2021
—
Office Partners Xix Brandywine LLC
—
Deed
related
$8,250,000 · S & T Bank
Nov 18, 2019
—
Office Partners Xix Brandywine LLC
—
Deed
related
$1,000,000 · S & T Bank
Jan 30, 2019
—
Office Ptrs Xix Brandywine LLC
—
Deed
related
$11,260,000 · S&t Bk
Mar 23, 2018
—
Office Partners Xix Brandywine LLC
Brandywine Office Investment LLC
Deed In Lieu Of Foreclosure
related
—
—
—
Office Ptrs Xix Brandywine LLC
—
Loan Modification
related
$11,260,000 · S&t Bk
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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