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    Property profile & analytics

    1304 Broom St Wilmington, DE 19806-4266

    • Medical offices
    • 4,092 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $1,290,000
    Last Sale
    Feb 11, 2022
    $1,200,000
    Location Intelligence
    Property ID
    US17-0291634
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Rivers Marianne / Dentist
    • Dental Associates of Delaware-Wilmington / Dentist / Cosmetic Dentist
    • King David a DDS / Oral Surgeon
    • Kremer Michael R DDS / Oral Surgeon
    • James Baker DDS / Dentist

    Property Details for 1304 Broom St

    Year built
    1966
    Construction
    CONCRETE
    Lot size
    0.23 lot acres
    Property size
    4,092 SF
    Zone code
    26R5-C
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    26-020.40-039
    APU
    2602040039

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,330,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,195,000
      6.5%
      $1,090,000
      7%
      $1,095,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,075,000
      Geo Method
      $1,150,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,145,000
      Retail
      $1,130,000
      Mixed-Use
      $1,200,000
      Hospitality
      $1,445,000
      Educational
      $1,325,000
      Residential Income
      $1,190,000
      Energy
      $1,325,000
      Income-Based Land
      $1,425,000
      Food Service
      $1,300,000

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5599
    Latitude
    39.7543
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,022
    $120,200
    $357,800
    $478,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $345,000
      960 SF

      26 Trolley Sq

      DENTAL BUILDING • 960 SF
      26 Trolley Sq, Wilmington, DE 19806
      View Details
    • Value Estimation
      $455,000
      960 SF

      23 Trolley Sq

      DENTAL BUILDING • 960 SF
      23 Trolley Sq, Wilmington, DE 19806
      View Details
    • Value Estimation
      $305,000
      960 SF

      20 Trolley Sq

      DENTAL BUILDING • 960 SF
      20 Trolley Sq, Wilmington, DE 19806
      View Details
    • Value Estimation
      $295,000
      960 SF

      19 Trolley Sq

      DENTAL BUILDING • 960 SF
      19 Trolley Sq, Wilmington, DE 19806
      View Details
    • Value Estimation
      $550,000
      4,035 SF

      1500 Shallcross Ave

      DENTAL BUILDING • 4,035 SF
      1500 Shallcross Ave, Wilmington, DE 19806-3037
      View Details
    • Value Estimation
      $1,195,000
      0.12 Acres

      2301 Pennsylvania Ave

      DENTAL BUILDING • 0.12 Acres
      2301 Pennsylvania Ave, Wilmington, DE 19806-1344
      View Details

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      Commercial land available for sale.
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    Similar Nearby for Lease

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    • Contact for pricing
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      Office space in park-like setting near Brandywine River.
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    • $15 SF/Yr
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      Office space for lease near shopping, restaurants, and I-95.
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      Wilmington Executive Office Suites

      Two Suites Available, All Utilities Included
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    • Contact for pricing
      4,043 SF

      Wilmington Office Space For Rent

      Office space available near Wilmington CBD and Greenville.
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      View Details
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    Wilmington, DE 19806-4266
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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