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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Theaters & concert halls
150 Commerce Dr Middletown, DE 19709-9039
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US17-0196365
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
2013
Construction
CONCRETE
Total area
44,277 SF
Lot
11.98 ac (521,849 SF)
Zoning code
23C-3
APN
23-022.00-002
UPID
US17-0196365
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.03M
Owner & transaction history
Helmick Weston LLC · 13 yrs held
Helmick Weston LLC
since 2013
7 recorded transactions
Zoning & alternative use
23C-3 · Middletown, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$1,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±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
$23 / 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
$77,747
Tax year 2023
Assessed value
$2,512,100
Assessed 2023
Previous assessed
$2,512,100
+0.0% YoY
Effective rate
3.09%
On assessed value
Assessed land
$388,400
Assessed improvement
$2,123,700
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
2013
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
4
Stories
1
Total area
44,277 SF
Lot
11.98 ac (521,849 SF)
Zoning code
23C-3
APN
23-022.00-002
UPID
US17-0196365
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
23C-3 · Middletown, DE
Zoning 23C-3 · permitted uses
23C-3 · Middletown, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2013
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Lot
11.98 ac
Current owner
From public records · entity-resolved
Helmick Weston LLC
Entity
Mailing address
PO BOX 163, MONTCHANIN, DE 19710-0163
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2024
—
Crg Middletown LLC
—
Deed
related
$518,000 · Ponce Bank
Apr 10, 2019
—
Crg Middletown LLC
—
Deed
related
$1,120,000 · Wilmington Svgs Fund Society F
Mar 27, 2019
—
Crg Middletown LLC
—
Deed
related
$1,120,000 · Wilmington Svgs Fund Society F
May 23, 2013
—
Helmick Weston LLC
Westown Retail II 41 Acres LLC
Quit Claim Deed
—
Oct 9, 2012
$1,521,000
Westown Retail II 42 Acres LLC
Kohl West LLC
Deed
—
Aug 2, 2007
$4,753,935
Kohl West LLC
Victor P Kohl JR
Deed
$3,400,000 · Wilmington Trust Co
Apr 27, 2006
$10
301 West Ventures LLC
Kohl,victor P JR
Grant Deed
—
Mar 30, 2006
$10
Victor P Kohl JR.
Kohl LLC
Grant Deed
—
—
—
Crg Middletown LLC
—
Deed Of Trust
related
$1,120,000 · Wilmington Svgs Fund Society F
—
—
Crg Middletown LLC
—
Deed Of Trust
related
$1,120,000 · Wilmington Svgs Fund Society F
—
—
Helmick Westown LLC
—
Deed Of Trust
related
$2,415,399 · M & T Bank
—
—
Helmick Westown LLC
—
Deed Of Trust
related
$8,120,000 · M & T Bank
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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