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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Medical Office Space
1304 Broom St Wilmington, DE 19806-4266
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US17-0291634
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1966
Construction
CONCRETE
Total area
4,092 SF
Lot
0.23 ac (10,019 SF)
Zoning code
26R5-C
APN
26-020.40-039
UPID
US17-0291634
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
-
Rivers Marianne Dental Office
-
Dental Associates of Delaware-Wilmington Dental Office
-
King David a DDS Dental Office
-
Kremer Michael R DDS Dental Office
-
James Baker DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.36M
CAP Approach
CAP
$910k
Comparable Approach
Comparable
$808k
Blend (final)
Blend
$1.33M
Owner & transaction history
Facch304 LLC · 1 yrs held
Facch304 LLC
since 2025
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
26R5-C · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Commercial (general)
$965,000
+40.8%
Retail stores
$890,000
+29.8%
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 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
$1,330,000
ML approach
$1,355,000
CAP Approach
CAP Return
Estimation
6%
$985,000
6.5%
$910,000
7%
$845,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$965,000
Change: +41% · Conversion: Easy
RETAIL STORES
$890,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±10% · vs last sale $1.20M (Feb 11 2022)
Last sale anchor
$1.20M
Feb 11 2022
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
$325 / 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
$13,022
Tax year 2023
Assessed value
$478,000
Assessed 2023
Previous assessed
$478,000
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$120,200
Assessed improvement
$357,800
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
Off-Market
Year built
1966
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
2
Total area
4,092 SF
Lot
0.23 ac (10,019 SF)
Zoning code
26R5-C
APN
26-020.40-039
UPID
US17-0291634
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
26R5-C · Wilmington, DEZoning 26R5-C · permitted uses
26R5-C · 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
COMMERCIAL (GENERAL)
Est. value
$965,000
RETAIL STORES
Est. value
$890,000
COMMERCIAL (GENERAL)
RETAIL STORES
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
1966
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Facch304 LLC
Entity
Mailing address
1304 N BROOM ST, WILMINGTON, DE 19806-4266
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2025
—
Facch304 LLC
Cam 1304 LLC
Deed
$960,000 · Franklin Mint FCU
Apr 27, 2023
—
Cam 1304 LLC
—
Deed
related
$925,000 · Franklin Mint FCU
Feb 11, 2022
$1,200,000
Cam 1304 LLC
Rock 1304 LLC
Deed
$960,000 · Wilmington Savings Fund Society Fsb
Aug 15, 2000
$238,000
Sara L Tomson
Lundstrom,william K & Linda M
Grant Deed
related
$164,700 · Weichert Fin'l
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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