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Property profile & analytics
OFF-MARKET
Estimated value
$3,100,000
Grocery and convenience stores
1006 Bunker Hl Rd Middletown, DE 19709
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US17-0140175
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2016
Construction
CONCRETE
Total area
17,901 SF
Lot
11.33 ac (493,535 SF)
Zoning code
23C-3
APN
23-021.00-119
UPID
US17-0140175
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
-
HomeSense Department Store
-
HomeGoods Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.67M
Comparable Approach
Comparable
$3.03M
Blend (final)
Blend
$3.10M
Owner & transaction history
Centric Bank · 3 yrs held
Centric Bank
since 2022
7 recorded transactions
Zoning & alternative use
23C-3 · Middletown, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.0M
+22.4%
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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%
$2,890,000
6.5%
$2,665,000
7%
$2,475,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,100,000
Current use
COMMERCIAL (GENERAL)
$5,015,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$3.10M
Range $2.79M – $3.41M · ±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
$173 / 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
$92,813
Tax year 2023
Assessed value
$3,013,700
Assessed 2023
Previous assessed
$3,013,700
+0.0% YoY
Effective rate
3.08%
On assessed value
Assessed land
$493,500
Assessed improvement
$2,520,200
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2016
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
17,901 SF
Lot
11.33 ac (493,535 SF)
Zoning code
23C-3
APN
23-021.00-119
UPID
US17-0140175
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
23C-3 · Middletown, DEZoning 23C-3 · permitted uses
23C-3 · Middletown, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$5.0M
RETAIL STORES Current
COMMERCIAL (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
2016
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
11.33 ac
Current owner
From public records · entity-resolved
Centric Bank
Entity
Mailing address
4120 CONCORD PIKE STE D, WILMINGTON, DE 19803-5401
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2022
—
Centric Bank
Ws East Corner LLC
Assignment Of Lease (leasehold Sale)
$14,000,000 · Centric Bank
Oct 2, 2019
$8,600,000
Centric Bk NA
Ws East Corner LLC
Grant Deed
related
—
Oct 2, 2019
—
Ws East Corner LLC
—
Grant Deed
related
$8,600,000 · Centric Bk NA
Jun 24, 2016
—
Ws East Corner LLC
—
Deed
related
$6,000,000 · Centric Bk NA
May 27, 2016
—
Ws East Corner LLC
West Side Retail LLC
Grant Deed
—
Oct 29, 2015
—
West Side Retail LLC
Ws East Corner LLC
Grant Deed
$500,000 · Unity Construction Co INC
Oct 23, 2015
—
Ws East Corner LLC
West Side Retail LLC
Grant Deed
—
Mar 28, 2014
—
West Side Retail LLC
Westown Retail I Srctr LLC
Quit Claim Deed
—
Oct 9, 2012
$750,000
Westown Retail I Srctr LLC
Srctr Ventures LLC
Deed
—
Jun 8, 2005
—
Srctr Ventures LLC
Richard C Woodin
Deed
$5,000,000 · Wilmington Trust Co
Jun 8, 2005
$10
Frank Corrado
Woodin,richard C
Grant Deed
—
May 31, 2005
$15,901,500
Spring Arbor Homes LP
Richard C Woodin
Deed
$10,601,000 · Wachovia Bank NA
May 31, 2005
$10
Richard C Woodin
301 South Ridge Ventures LLC
Grant Deed
—
—
—
Ws East Corner LLC
—
Deed Of Trust
related
$4,500,000 · Centric Bk NA
—
—
Ws East Corner LLC
—
Deed Of Trust
related
$2,100,000 · Centric Bk NA
—
—
Ws East Corner LLC
—
Deed Of Trust
related
$6,000,000 · Centric Bk NA
—
—
Srctr Ventures LLC
—
Deed Of Trust
related
$450,000 · Wilmington Trust Co
—
—
West Side Retail LLC
—
Deed Of Trust
related
$500,000 · Artisans 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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