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Property profile & analytics
FOR LEASE
Parking lots & garages
1313 N Market St, Wilmington, DE 19801
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US17-0055176
For Lease
1 / 2
$4,600,000
1313 N Market St, Wilmington, DE 19801
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1984
Construction
CONCRETE
Total area
62,772 SF
Lot
2.69 ac (117,176 SF)
Zoning code
26C-4
APN
26-028.40-101
UPID
US17-0055176
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
-
Wilmington Diabetes Strips Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Northern Trust Bank
-
Baldwin David J Law Firm
-
Appreneurial (Bike/Boat/Book/etc) Store Corporate Office
-
Troutman Pepper Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.60M
Owner & transaction history
1313 Owner LLC · 8 yrs held
1313 Owner LLC
since 2017
7 recorded transactions
Zoning & alternative use
26C-4 · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.4M
+55.6%
Warehouse, storage
$4.5M
+30.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$3,470,000
Current use
AUTO REPAIR, GARAGE
$5,400,000
Change: +56% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,545,000
Change: +31% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,205,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$4.60M
Range $4.14M – $5.06M · ±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
$73 / 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
$1,006,158
Tax year 2023
Assessed value
$27,900,000
Assessed 2023
Previous assessed
$27,900,000
+0.0% YoY
Effective rate
3.61%
On assessed value
Assessed land
$11,717,600
Assessed improvement
$16,182,400
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
For Lease
Year built
1984
Construction
CONCRETE
Heating
NONE
Buildings
3
Stories
2
Total area
62,772 SF
Lot
2.69 ac (117,176 SF)
Zoning code
26C-4
APN
26-028.40-101
UPID
US17-0055176
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
26C-4 · Wilmington, DE
Zoning 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
Wilmington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$5.4M
WAREHOUSE, STORAGE
Est. value
$4.5M
INDUSTRIAL (GENERAL)
Est. value
$3.2M
PARKING LOT Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1984
Construction
CONCRETE
Heating
NONE
Stories
2
Buildings
3
Lot
2.69 ac
Current owner
From public records · entity-resolved
1313 Owner LLC
Entity
Mailing address
1201 N MARKET ST STE #400, WILMINGTON, DE 19801-1164
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2026
—
1313 Owner LLC
—
Deed
related
$2,450,000 · Sustainable Energy Utility INC
Oct 3, 2019
—
1313 Owner LLC
—
Trustees Deed
related
$33,500,000 · Pnc Bk
Nov 29, 2018
—
1313 Owner LLC
—
Deed
related
$1,924,000 · Sustainable Energy Utility INC
Oct 2, 2017
—
1313 Owner LLC
—
Loan Modification
related
$26,000,000 · Acm Cre Fund I LP
Jun 28, 2017
—
1313 Owner LLC
Dcl Leasing Partners LP Ltd-vi
Deed In Lieu Of Foreclosure
related
$26,150,000 · Wilmington-1313 N Market Stree
Jan 8, 2009
—
Dcl Leasing Ptrs LP Ltd-vi
Hercules INC
Grant Deed
—
Mar 31, 2006
—
Dcl Leasing Partners LP Ltd-vi
—
Deed Of Trust
related
$98,000,000 · Caplease Services Corp
—
—
1313 Owner LLC
—
Deed Of Trust
related
$1,924,000 · Sustainable Energy Utility INC
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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