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Property profile & analytics
FOR LEASE
Parking lots & garages
1013 Centre Rd Wilmington, DE 19805
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US17-0239937
For Lease
1 / 2
$4,510,000
1013 Centre Rd, Wilmington, DE 19805
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1986
Construction
BRICK
Total area
40,000 SF
Lot
8.26 ac (359,806 SF)
Zoning code
OR
APN
07-032.10-059
UPID
US17-0239937
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
-
Bill Kramen, Executive Loan Officer Loan Service Bank
-
Reilly Janiczek & Mcdevitt Law Firm Insurance Agency
-
Jivochat (Bike/Boat/Book/etc) Store Corporate Office
-
Envestnet Yodlee (Bike/Boat/Book/etc) Store Corporate Office
-
Whitman, Requardt and Associates, LLP Engineering Consultant Construction
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.51M
Owner & transaction history
Edd LLC · 3 yrs held
Edd LLC
since 2022
7 recorded transactions
Zoning & alternative use
OR · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.2M
+38.5%
Retail stores
$7.0M
+34.1%
Medical building
$6.7M
+29.0%
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
$5,200,000
Current use
RESTAURANT
$7,205,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$6,975,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$6,710,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,090,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$4.51M
Range $4.06M – $4.96M · ±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
$113 / 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
$219,669
Tax year 2023
Assessed value
$6,657,000
Assessed 2023
Previous assessed
$6,657,000
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$495,600
Assessed improvement
$6,161,400
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
For Lease
Year built
1986
Construction
BRICK
Heating
NONE
Buildings
2
Stories
1
Total area
40,000 SF
Lot
8.26 ac (359,806 SF)
Zoning code
OR
APN
07-032.10-059
UPID
US17-0239937
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
$5.2M
RESTAURANT
Est. value
$7.2M
RETAIL STORES
Est. value
$7.0M
MEDICAL BUILDING
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$5.1M
PARKING LOT Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1986
Construction
BRICK
Heating
NONE
Stories
1
Buildings
2
Lot
8.26 ac
Current owner
From public records · entity-resolved
Edd LLC
Entity
Mailing address
200 CONTINENTAL DR STE #200, NEWARK, DE 19713-4303
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2022
—
Edd LLC
Centre Investments LLC
Intrafamily Transfer
related
$19,050,000 · Wilmington Savings Fund Society Fsb
Apr 10, 2017
—
Centre Investments LLC
—
Grant Deed
related
$12,375,000 · Fulton Bk
Mar 17, 2017
—
Edd LLC
Del-mont Partners Spe LLC
Grant Deed
$7,000,000 · Miscellaneous Ins Co
Nov 20, 2015
—
Centre Investments LLC
Del-charter Associates LP
Quit Claim Deed
related
—
—
—
Del-charter Associates LP
—
Deed Of Trust
related
$7,000,000 · Miscellaneous Ins Co
—
—
Edd LLC
—
Loan Modification
related
$6,447,300 · Miscellaneous Ins Co
—
—
Edd LLC
—
Loan Modification
related
$7,000,000 · Miscellaneous Ins Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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