Back to Search
Property profile & analytics
OFF-MARKET
Banks
1620 Marsh Rd Wilmington, DE 19803-3549
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US17-0170330
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1950
Construction
CONCRETE
Total area
2,294 SF
Lot
0.44 ac (19,166 SF)
Zoning code
CN
APN
06-081.00-004
UPID
US17-0170330
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
-
Mellon Financial Corporation Financial Advisor
-
Citizens Bank Loan Service
-
Keith Dorman Financial Advisor
-
Ryan Pryslak Financial Advisor
-
Citizens ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Exchangeright Net Leased Portfolio · 4 yrs held
Exchangeright Net Leased Portfolio
since 2022
6 recorded transactions
Zoning & alternative use
CN · Wilmington, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,922
Tax year 2023
Assessed value
$282,000
Assessed 2023
Previous assessed
$282,000
+0.0% YoY
Effective rate
3.52%
On assessed value
Assessed land
$96,700
Assessed improvement
$185,300
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1950
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
1
Total area
2,294 SF
Lot
0.44 ac (19,166 SF)
Zoning code
CN
APN
06-081.00-004
UPID
US17-0170330
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
CN · Wilmington, DE
Zoning CN · permitted uses
CN · 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.
Building & site characteristics
From public records
Year built
1950
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Exchangeright Net Leased Portfolio
Individual
Mailing address
1055 E COLORADO BLVD STE #310, PASADENA, CA 91106-2374
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2022
—
Exchanceright Net Leased Portfolio
—
Deed
related
$103,900,000 · Barclays Capital Real Estate INC
Mar 18, 2022
—
Exchangeright Net Leased Portfolio
Nep LLC
Assignment Of Lease (leasehold Sale)
—
Mar 15, 2018
—
Nep LLC
Arc Cbwmnde001 LLC
Special Warranty Deed
—
May 1, 2012
—
Arc Cbwmnde001 LLC
Inland American Cfg Portfolio
Grant Deed
—
Jun 27, 2007
$10
Inland American Cfg Portfolio
Citizens Bank
Grant Deed
—
—
—
Arc Cbwmnde001 LLC
—
Deed Of Trust
related
$15,000,000 · Oritani 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.
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 1620 Marsh Rd?
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.
