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Property profile & analytics
FOR LEASE
Medical Office Space
121 Becks Woods Dr Bear, DE 19701
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US17-0323336
For Lease
1 / 6
$1,970,000
121 Becks Woods Dr, Bear, DE 19701
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2012
Construction
CONCRETE
Total area
10,000 SF
Lot
1.69 ac (73,616 SF)
Zoning code
CR
APN
11-023.20-428
UPID
US17-0323336
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
-
Rajiv Dhawan Physician
-
United Medical Clinic LLC Medical Clinic
-
Glasgow Family Practice Medical Clinic
-
Brandywine Podiatry - Beckswoods Medical Center Physician
-
Delaware Cardiovascular Associates Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.22M
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.97M
Owner & transaction history
Becks Woods Associates II LLC · 14 yrs held
Becks Woods Associates II LLC
since 2011
3 recorded transactions
Zoning & alternative use
CR · Bear, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+5.0%
Warehouse, storage
$1.6M
+2.8%
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 Bear submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bear 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%
$2,405,000
6.5%
$2,220,000
7%
$2,060,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,555,000
Current use
COMMERCIAL (GENERAL)
$1,635,000
Change: +5% · Conversion: Easy
WAREHOUSE, STORAGE
$1,600,000
Change: +3% · Conversion: Difficult
RESTAURANT
$1,500,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.97M
Range $1.77M – $2.17M · ±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
$197 / 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
$40,049
Tax year 2023
Assessed value
$957,700
Assessed 2023
Previous assessed
$957,700
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$67,600
Assessed improvement
$890,100
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
For Lease
Year built
2012
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
2
Total area
10,000 SF
Lot
1.69 ac (73,616 SF)
Zoning code
CR
APN
11-023.20-428
UPID
US17-0323336
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
CR · Bear, DEZoning CR · permitted uses
CR · Bear, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.6M
RESTAURANT
Est. value
$1.5M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RESTAURANT
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
2012
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Lot
1.69 ac
Current owner
From public records · entity-resolved
Becks Woods Associates II LLC
Entity
Mailing address
100 DEAN DR, NEWARK, DE 19711-8545
Ownership since
2011
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
Sep 1, 2023
—
Becks Woods Associates II LLC
—
Deed
related
$2,900,000 · Wilmington Savings Fund Society Fsb
Jun 2, 2016
—
Becks Woods Associates II LLC
—
Deed
related
$3,500,000 · Valley National Bank
Sep 27, 2011
$1,400,000
Becks Woods Associates II LLC
Becks Woods Associates LLC
Deed
$3,150,000 · Wilmington Savings Fund Society 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.
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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