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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Warehouses
104 Baltimore Ave Wilmington, DE 19805-2555
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US17-0405691
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Construction
CONCRETE
Total area
5,079 SF
Lot
0.63 ac (27,443 SF)
Zoning code
19GI
APN
19-005.00-083
UPID
US17-0405691
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
$610k
Comparable Approach
Comparable
$802k
Blend (final)
Blend
$705k
Owner & transaction history
Athenia Wilmington Holdings LLC · 1 yrs held
Athenia Wilmington Holdings LLC
since 2025
7 recorded transactions
Zoning & alternative use
19GI · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+69.9%
Commercial (general)
$785,000
+27.3%
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%
$660,000
6.5%
$610,000
7%
$565,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$615,000
Current use
RETAIL STORES
$1,045,000
Change: +70% · Conversion: Moderate
COMMERCIAL (GENERAL)
$785,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$139 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$4,585
Tax year 2024
Assessed value
$139,800
Assessed 2024
Previous assessed
$139,800
+0.0% YoY
Effective rate
3.28%
On assessed value
Assessed land
$54,900
Assessed improvement
$84,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
5,079 SF
Lot
0.63 ac (27,443 SF)
Zoning code
19GI
APN
19-005.00-083
UPID
US17-0405691
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
19GI · Wilmington, DE
Zoning 19GI · permitted uses
19GI · 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
WAREHOUSE, STORAGE Current
Est. value
$615,000
RETAIL STORES
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$785,000
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1987
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Athenia Wilmington Holdings LLC
Entity
Mailing address
PO BOX 30529, WILMINGTON, DE 19805-7529
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2025
—
Athenia Wilmington Holdings LLC
Angerstein Properties LLC
Deed
$1,939,500 · Angerstein Properties LLC
Oct 19, 2023
—
Angerstein Properties LLC
—
Deed
related
$100,000 · Artisans Bank
Jun 2, 2017
—
Angerstein Properties LLC
—
Deed
related
$550,000 · Artisans Bk
May 13, 2016
—
Angerstein Properties LLC
—
Deed
related
$525,000 · Artisans Bank
Jun 21, 2013
—
Angerstein Properties LLC
Greene,jackie L
Grant Deed
—
Sep 17, 2010
—
Jackie L Greene
—
Deed Of Trust
related
$1,650,000 · Artisans Bank
Oct 29, 2009
—
Jackie L Greene
—
Deed Of Trust
related
$1,600,000 · Artisans Bank
Sep 18, 2008
—
Jackie L Greene
—
Deed Of Trust
related
$1,645,000 · Artisans Bank
—
—
Jackie L Greene
—
Deed Of Trust
related
$302,712 · Artisans Bank
—
—
Angerstein Properties LLC
—
Loan Modification
related
$550,000 · 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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