Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Warehouses
1604 Ayre St Wilmington, DE 19804-2515
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US17-0264855
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1988
Construction
CONCRETE
Total area
11,250 SF
Lot
0.61 ac (26,572 SF)
Zoning code
20GB
APN
20-002.00-055
UPID
US17-0264855
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
-
AMG Automotive Inc Auto Repair Shop
-
Clifford & Sons Electricians Electrical Service General Contractor
-
Air Control Heating and Cooling HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.59M
Comparable Approach
Comparable
$836k
Blend (final)
Blend
$1.17M
Owner & transaction history
1606-1626 E Ayre Street LLC · 13 yrs held
1606-1626 E Ayre Street LLC
since 2012
7 recorded transactions
Zoning & alternative use
20GB · Wilmington, DE
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%
$1,725,000
6.5%
$1,590,000
7%
$1,475,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,365,000
Current use
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±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
$104 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$15,710
Tax year 2024
Assessed value
$481,100
Assessed 2024
Previous assessed
$481,100
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$53,100
Assessed improvement
$428,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
YES
Stories
2
Total area
11,250 SF
Lot
0.61 ac (26,572 SF)
Zoning code
20GB
APN
20-002.00-055
UPID
US17-0264855
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
20GB · Wilmington, DEZoning 20GB · permitted uses
20GB · 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
WAREHOUSE, STORAGE Current
Est. value
$1.4M
WAREHOUSE, STORAGE Current
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
1988
Construction
CONCRETE
Heating
YES
Stories
2
Lot
0.61 ac
Current owner
From public records · entity-resolved
1606-1626 E Ayre Street LLC
Entity
Free & Clear · 13 yrs held
Mailing address
103 GREENBANK RD, WILMINGTON, DE 19808-4721
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Nov 27, 2012
$826,000
1606-1626 E Ayre Street LLC
Sheriff Of New Castle County
Trustees Deed
—
Mar 9, 2006
$10
Storcor Properties LLC
East Ayre Street LLC
Grant Deed
—
Dec 5, 2005
$10
East Ayre Street LLC
Rappa,daniel D JR
Grant Deed
$750,000 · Pnc Bank Delaware
—
—
Storcor Properties LLC
—
Deed Of Trust
related
$250,000 · Daniel D JR Rappa
—
—
1604-1626 E Ayre Street LLC
—
Deed Of Trust
related
$174,000 · Sherry Holdings LLC
—
—
Storcor Properties LLC
—
Deed Of Trust
related
$1,600,000 · C&c Drywall Contractor LLC
—
—
1604-1626 E Ayre Street LLC
—
Deed Of Trust
related
$726,000 · Wilmington Savings Fund Societ
—
—
East Ayre Street LLC
—
Deed Of Trust
related
$50,000 · Pnc Bank Delaware
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?”
You own 1604 Ayre St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
