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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Medical Office Space
1020 Un St Wilmington, DE 19805-2736
Entity Owned
1-yr Hold
Free & Clear
Property ID
US17-0296381
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1950
Construction
CONCRETE
Total area
11,000 SF
Lot
0.46 ac (20,038 SF)
Zoning code
26C-2
APN
26-020.10-034
UPID
US17-0296381
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
-
Eclipse Bistro Restaurant
-
Diagnostic Imaging Associates: Gottesman Rita MD Physician Medical Clinic
-
Dr. Thanh H. Nguyen, MD Physician Medical Clinic
-
Dr. Mithilesh K. Singh, MD Physician Medical Clinic
-
Diagnostic Imaging Associates: Peacock Joseph MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$836k
Blend (final)
Blend
$625k
Owner & transaction history
North Union Properties LLC · 1 yrs held
North Union Properties LLC
since 2025
3 recorded transactions
Zoning & alternative use
26C-2 · 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
$415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$57 / 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
$10,636
Tax year 2023
Assessed value
$390,400
Assessed 2023
Previous assessed
$390,400
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$100,200
Assessed improvement
$290,200
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1950
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
11,000 SF
Lot
0.46 ac (20,038 SF)
Zoning code
26C-2
APN
26-020.10-034
UPID
US17-0296381
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
26C-2 · Wilmington, DEZoning 26C-2 · permitted uses
26C-2 · Wilmington, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1950
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
North Union Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3304 OLD CAPITOL TRL STE #100, WILMINGTON, DE 19808-6902
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2025
—
North Union Properties LLC
Interalia II LLC
Deed
—
Jan 29, 2025
—
Ml Two LLC
Ml N Union LLC
Deed
related
—
Aug 27, 2018
—
North Union Properties LLC
Hessler Properties INC
Deed
$2,215,000 · Midcoast Community Bank
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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