Financial
Distress signals
Property profile

14 E 40Th St Office 104 Wilmington, DE 19802

FOR LEASE
Other office properties
Property ID
US17-0193273
2,368 SF 0.1 ac lot Built 1947
Last sale Feb 2023
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This coworking property is housed in a 2,500-square-foot building constructed in 1975 and provides multiple office options with individual office sizes ranging from 120 to 668 square feet. The space includes a large reception and waiting area, a meeting room, a kitchen and break room, and shared restrooms. The offices are accessed via key-fob entry at the main entrance and the property is monitored with security cameras; it also includes provisions for individual addresses and mailboxes. The property is located at 14 E 40th Street, Office 104, Wilmington, Delaware.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$137k
Assessed land$7k
Assessed improvement$131k
Effective rate3.62%

Value estimate

· Sep 2026
$325k
$293k – $358k
AI approach$325k
NOI build-up
Gross scheduled income$56k
Vacancy & credit loss−$11k
Operating expenses−$11k
NOI · 6,810.40% cap applied$34k

Realmo valuation models over county records and 65 qualifying comparable sales.

Recently sold

What actually traded nearby?
$207/SF
Submarket average, outlier-cleaned · 65 recorded sales of this use type
Observed band · Q1–Q3$148 – $317
Qualifying comparables65

Cap rate analysis

How does the asset earn?
6,810.40%
$34k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
NC5
JurisdictionNEW CASTLE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm23.3
Realty agency22.2
Dental Office16.2

Location

14 E 40Th St, Unit Office 104 Wilmington, DE 19802
County assessor Recorded deeds · 1 transfer 65 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3037 Market, Wilmington, DE 19802-3121 $117,500 Feb 2023 1,116 SF
1020 18th, Wilmington, DE 19802-3892 $850,000 Sep 2022 4,200 SF
1598 Washington, Wilmington, DE 19802 $1,000,000 Sep 2022 4,590 SF
1407 Thatcher, Wilmington, DE 19802-5141 $73,000 Oct 2019 1,134 SF
2901 Danby, Wilmington, DE 19802-3613 $199,000 Aug 2019 4,440 SF
4412 Market, Wilmington, DE 19802-1308 $447,500 Feb 2019 2,075 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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