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    198 Hay Rd Wilmington, DE 19809-3511
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    Property profile & analytics

    198 Hay Rd, Wilmington, DE 19809-3511

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    • Office Spaces
    • 5,402 SF
    • 25.99 lot acres
    Off-Market
    Property ID
    US17-0277600
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $1,060,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hay Road Power Complex / Power Station
    • Calpine Corporation - Hay Rd Energy Ctr / Power Station

    Property Details for 198 Hay Rd

    Year built
    1935
    Construction
    CONCRETE
    Lot size
    25.99 lot acres
    Zone code
    HI
    Property type
    Office Spaces
    APN
    06-156.00-004
    APU
    615600004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 23, 2019 — Calpine Mid-atlantic Generatio — Loan Modification · related $1,250M · Mufg Union Bk NA
    Apr 8, 2019 — Calpine Mid-atlantic Generatio — Loan Modification · related $1,500M · Mufg Union Bk NA
    May 22, 2018 — Calpine Mid-atlantic Generatio — Loan Modification · related $219M · Mufg Union Bk NA
    Dec 19, 2017 — Calpine Mid-atlantic Generatio — Loan Modification · related $560M · Mufg Union Bk NA
    Dec 2, 2016 — Calpine Mid-atlantic Generatio — Loan Modification · related $1,790M · Mufg Union Bk NA
    Jul 31, 2014 — Calpine Mid-atlantic Generatio — Loan Modification · related $500M · Goldman Sachs Cr Ptrs
    Jul 9, 2010 — Calpine Mid-atlantic Generatio — Deed Of Trust · related —
    — — Calpine Mid-atlantic Generatio — Loan Modification · related $1,240M · Goldman Sachs Credit Ptrs LP
    — — Calpine Mid-atlantic Generatio — Loan Modification · related $900M · Mufg Union Bk NA
    — — Calpine Mid-atlantic Generatio — Loan Modification · related —
    — — Calpine Mid-atlantic Generatio — Loan Modification · related —
    — — Calpine Mid-atlantic Generatio — Loan Modification · related —
    — — Calpine Mid-atlantic Generatio — Loan Modification · related $1,000M · Goldman Sachs Cr Ptrs
    — — Calpine Mid-atlantic Generatio — Deed Of Trust · related —
    — — Calpine Mid-atlantic Generatio — Deed Of Trust · related —
    — — Calpine Mid-atlantic Generatio — Loan Modification · related —

    Value Estimations

    based on Realmo’s proprietary methodology
    • CAP approach

      CAP Return
      Estimation
      6%
      $920,000
      6.5%
      $845,000
      7%
      $785,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,220,000
      Market price range: $278k - $1.22M
    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,115,000
      Current use
      RETAIL STORES
      $1,115,000
      Change: -0% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5051
    Latitude
    39.7454
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $714,000
    $1,377,200
    $2,091,200
    -
    $0.00
    $0.00
    $0.00
    More about this property
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