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Property profile & analytics
FOR LEASE
Commercial real estate
115 N Walnut St B Milford, DE 19963
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US17-0125507
For Lease
1 / 5
$750/Mo
115 N Walnut St,Unit B, Milford, DE 19963
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Total area
4,726 SF
Lot
0.2 ac (8,712 SF)
Zoning code
C2
APN
5-16-183.10-03-74.00-000
UPID
US17-0125507
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
$925k
CAP Approach
CAP
$940k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$925k
Owner & transaction history
111 North Walnut LLC · 2 yrs held
111 North Walnut LLC
since 2024
Last sale
$925,000
6 recorded transactions
Zoning & alternative use
C2 · Milford, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Milford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milford 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
$925,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
$1,015,000
6.5%
$940,000
7%
$870,000
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $925k (Feb 27 2024)
Last sale anchor
$925k
Feb 27 2024
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
$196 / 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
$1,458
Tax year 2023
Assessed value
$64,900
Assessed 2023
Previous assessed
$64,900
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$10,200
Assessed improvement
$54,700
Applied tax rate
16.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1920
Heating
NONE
Total area
4,726 SF
Lot
0.2 ac (8,712 SF)
Zoning code
C2
APN
5-16-183.10-03-74.00-000
UPID
US17-0125507
Jurisdiction
KENT
Zoning & alternative use
C2 · Milford, DEZoning C2 · permitted uses
C2 · Milford, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Lot
0.2 ac
Current owner
From public records · entity-resolved
111 North Walnut LLC
Entity
Mailing address
586 MILFORD HARRINGTON HWY, MILFORD, DE 19963-5306
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2024
$925,000
111 North Walnut LLC
Hello Masu LLC
Deed
$925,000 · Calvin B Taylor Banking Co Berlin Md
Feb 3, 2020
—
Hello Masu LLC
—
Deed
related
$270,000 · Wilmington Savings Fund Society Fsb
Oct 4, 2017
—
Hello Masu LLC
—
Deed
related
$29,500 · Wilmington Svg Fund Societyfsb
Aug 24, 2011
—
Hello Masu LLC
Gelof,dara
Grant Deed
—
—
—
Oyster House Road Assocs
—
Deed Of Trust
related
$200,000 · Baltimore Trust Co
—
—
Hello Masu LLC
—
Deed Of Trust
related
$29,500 · Wilmington Svg Fund Societyfsb
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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