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Property profile & analytics
OFF-MARKET
Estimated value
$14,095,000
Office Spaces
1800 Concord Pike Wilmington, DE 19897-0001
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US17-0438324
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2002
Construction
ADOBE
Total area
70,757 SF
Lot
10.37 ac (451,717 SF)
Zoning code
OR
APN
06-100.00-102
UPID
US17-0438324
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
-
Bento Sushi Take-out & Catering
-
Dr. Mark A. Smith, MD Physician
-
AstraZeneca Factory Production Facility
-
EXTRA LAYER OF PROTECTION Corporate Office
-
Avenue North Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.10M
Owner & transaction history
Brandywine Investment Group Viii Ll
Brandywine Investment Group Viii Ll
since 2025
4 recorded transactions
Zoning & alternative use
OR · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,020,000
6.5%
$11,095,000
7%
$10,300,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$14,625,000
Current use
RETAIL STORES
$14,580,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$14.10M
Range $12.69M – $15.50M · ±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
$199 / 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
$873,065
Tax year 2023
Assessed value
$24,813,900
Assessed 2023
Previous assessed
$24,813,900
+0.0% YoY
Effective rate
3.52%
On assessed value
Assessed land
$829,600
Assessed improvement
$23,984,300
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2002
Construction
ADOBE
Heating
YES
Cooling
YES
Buildings
2
Stories
4
Total area
70,757 SF
Lot
10.37 ac (451,717 SF)
Zoning code
OR
APN
06-100.00-102
UPID
US17-0438324
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
COMMERCIAL (GENERAL) Current
Est. value
$14.6M
RETAIL STORES
Est. value
$14.6M
COMMERCIAL (GENERAL) Current
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
2002
Construction
ADOBE
Heating
YES
Cooling
Yes
Stories
4
Buildings
2
Lot
10.37 ac
Current owner
From public records · entity-resolved
Brandywine Investment Group Viii Ll
Entity
Mailing address
200 CONTINENTAL DR STE #200, NEWARK, DE 19713-4303
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2025
—
Brandywine Investment Group Viii Ll
Brandywine Investment Group V LLC
Deed
$50,000,000 · Wilmington Savings Fund Society Fsb
Jun 15, 2023
—
Brandywine Investment Group III LLC
—
Deed
related
$60,000,000 · Umb Bank NA
Dec 14, 2020
—
Brandywine Investments Group LLC
—
Deed
related
—
Nov 21, 2019
—
Brandywine Investments Group INC
—
Deed
related
$23,500,000 · 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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