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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Hotels
1102 St Wilmington, DE 19801-1006
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US17-0149898
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1967
Construction
ADOBE
Total area
7,860 SF
Lot
0.21 ac (9,148 SF)
Zoning code
26C-4
APN
26-028.40-042
UPID
US17-0149898
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
$705k
CAP Approach
CAP
$670k
Comparable Approach
Comparable
$723k
Blend (final)
Blend
$700k
Owner & transaction history
Ch Associates Xi LLC · 2 yrs held
Ch Associates Xi LLC
since 2023
5 recorded transactions
Zoning & alternative use
26C-4 · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Auto repair, garage
$675,000
+28.8%
Warehouse, storage
$570,000
+8.4%
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 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
$705,000
CAP Approach
CAP Return
Estimation
6%
$730,000
6.5%
$670,000
7%
$625,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$525,000
Current use
AUTO REPAIR, GARAGE
$675,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$570,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$89 / 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
$199,324
Tax year 2023
Assessed value
$5,527,100
Assessed 2023
Previous assessed
$5,527,100
+0.0% YoY
Effective rate
3.61%
On assessed value
Assessed land
$548,900
Assessed improvement
$4,978,200
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1967
Construction
ADOBE
Heating
YES
Cooling
YES
Stories
10
Total area
7,860 SF
Lot
0.21 ac (9,148 SF)
Zoning code
26C-4
APN
26-028.40-042
UPID
US17-0149898
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
HOTEL/MOTEL Current
Est. value
$525,000
AUTO REPAIR, GARAGE
Est. value
$675,000
WAREHOUSE, STORAGE
Est. value
$570,000
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1967
Construction
ADOBE
Heating
YES
Cooling
Yes
Stories
10
Lot
0.21 ac
Current owner
From public records · entity-resolved
Ch Associates Xi LLC
Entity
Mailing address
268 E MAIN ST, NEWARK, DE 19711-7390
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2024
—
Ch Associates Xi LLC
—
Deed
related
$9,000,000 · Wilmington Savings Fund Society Fsb
Nov 15, 2023
—
Ch Associates Xi LLC
1102 West Street Limited Partnershi
Deed
$4,915,000 · Canon Capital LLC
—
—
1102 West Street LP
—
Deed Of Trust
related
$5,000,000 · Wilmington Trust Co
—
—
1102 West Street LP
—
Deed Of Trust
related
$6,300,000 · Beneficial Mutual Savings
—
—
1102 West Street LP
—
Deed Of Trust
related
$500,000 · Wilmington Trust Fsb
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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