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Property profile & analytics
OFF-MARKET
Estimated value
$4,225,000
Parking lots & garages
151 Little Fls Dr, Wilmington, DE 19808-1673
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US17-0179553
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2017
Construction
BRICK
Total area
52,262 SF
Lot
17.54 ac (764,042 SF)
Zoning code
OR
APN
07-031.00-007
UPID
US17-0179553
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.23M
Owner & transaction history
Csc Spectrum Little Falls LLC · 12 yrs held
Csc Spectrum Little Falls LLC
since 2013
7 recorded transactions
Zoning & alternative use
OR · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.0M
+62.7%
Warehouse, storage
$6.6M
+53.9%
Auto repair, garage
$6.3M
+47.1%
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
$4,275,000
Current use
RESTAURANT
$6,955,000
Change: +63% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,580,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,290,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$3,830,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$4.23M
Range $3.80M – $4.65M · ±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
$81 / 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
$436,490
Tax year 2023
Assessed value
$13,227,700
Assessed 2023
Previous assessed
$13,227,700
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$438,500
Assessed improvement
$12,789,200
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
Off-Market
Year built
2017
Construction
BRICK
Heating
NONE
Buildings
2
Stories
3
Total area
52,262 SF
Lot
17.54 ac (764,042 SF)
Zoning code
OR
APN
07-031.00-007
UPID
US17-0179553
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
OR · Wilmington, DE
Zoning OR · permitted uses
OR · 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
$4.3M
RESTAURANT
Est. value
$7.0M
WAREHOUSE, STORAGE
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$6.3M
RETAIL STORES
Est. value
$3.8M
PARKING LOT Current
RESTAURANT
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
2017
Construction
BRICK
Heating
NONE
Stories
3
Buildings
2
Lot
17.54 ac
Current owner
From public records · entity-resolved
Csc Spectrum Little Falls LLC
Entity
Free & Clear · 12 yrs held
Mailing address
222 DELAWARE AVE STE #109, WILMINGTON, DE 19801-1681
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
33 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2013
$9,962,569
Csc Spectrum Little Falls LLC
Nwc Partners LLC
Grant Deed
—
Aug 1, 2013
$193,430
Nwc Partners LLC
Norris Nwc LLC
Grant Deed
—
Aug 1, 2013
$574,775
Nwc Partners LLC
Podolsky Nwc LLC
Grant Deed
—
Aug 1, 2013
$142,500
Csc Spectrum Little Falls LLC
Baranzano Nwc LLC
Grant Deed
—
Aug 1, 2013
$520,035
Csc Spectrum Little Falls LLC
Podolsky Nwc LLC
Grant Deed
—
Aug 1, 2013
$175,008
Csc Spectrum Little Falls LLC
Norris Nwc LLC
Grant Deed
—
Aug 1, 2013
$320,625
Csc Spectrum Little Falls LLC
Demetri Nwc LLC
Grant Deed
—
Aug 1, 2013
$142,595
Csc Spectrum Little Falls LLC
Lewis Nwc II LLC
Grant Deed
—
Aug 1, 2013
$157,500
Nwc Partners LLC
Baranzano Nwc LLC
Grant Deed
—
Aug 1, 2013
$375,168
Csc Spectrum Little Falls LLC
Nwc Partners LLC
Grant Deed
—
Aug 1, 2013
$157,604
Nwc Partners LLC
Lewis Nwc II LLC
Grant Deed
related
—
Aug 1, 2013
$354,375
Nwc Partners LLC
Demetri Nwc LLC
Grant Deed
related
—
Dec 9, 2010
$704,944
Nwc Partners LLC
Detweiler Nwc LLC
Grant Deed
—
Jul 15, 2010
—
Nwc Partners LLC
—
Deed Of Trust
related
$16,900,000 · Us Bank NA
Dec 22, 2008
$1,183,006
Nwc Partners LLC
Lavelle Nwc LLC
Grant Deed
—
Dec 5, 2008
$302,740
Nwc Partners LLC
Lrb Nwc LLC
Grant Deed
—
Dec 5, 2008
$543,868
Nwc Partners LLC
Demoura Nwc LLC
Grant Deed
—
Dec 5, 2008
$488,053
Nwc Partners LLC
Lewis Nwc LLC
Grant Deed
—
Nov 15, 2007
—
Podolsky Nwc LLC
91 Beacon Street Trust
Deed
$16,900,000 · Us Bank NA
Mar 15, 2007
$672,599
Nwc Partners LLC
Harmony Trust
Grant Deed
—
Jan 30, 2007
$900,000
48 Main Street LLC
Nwc Partners LLC
Grant Deed
—
Jan 25, 2007
$400,265
Lewis Nwc II LLC
Nwc Partners LLC
Grant Deed
—
Jan 16, 2007
$432,000
Lewis Nwc LLC
Nwc Partners LLC
Grant Deed
—
Jan 16, 2007
$481,500
David A Demoura
Nwc Partners LLC
Grant Deed
—
Jan 16, 2007
$491,250
Judith Norris
Nwc Partners LLC
Grant Deed
—
Jan 16, 2007
$983,750
Baranzano Family
Nwc Partners LLC
Grant Deed
—
Jun 27, 2006
$1,459,746
91 Beacon Street Trust
Nwc Partners LLC
Grant Deed
—
Jun 13, 2006
$896,725
Detweiler Ingrid E Trust
Nwc Partners LLC
Grant Deed
—
Dec 14, 2005
$620,000
Harmony Trust
Nwc Partners LLC
Grant Deed
—
Oct 17, 2005
$983,000
Brian O Lavelle
Nwc Partners LLC
Grant Deed
—
Aug 4, 2005
$245,500
Lrb Nwc LLC
Nwc Partners LLC
Grant Deed
—
May 6, 2005
—
Nwc Partners LLC
—
Trustees Deed
related
$5,500,000 · Frorer Partners LP
Dec 30, 2004
$10
Nwc Partners LLC
Agilent Technologies INC
Grant Deed
$4,000,000 · Greenblatt Bernard Trust
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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