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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Assisted living facilities
2004 Shipley Rd Wilmington, DE 19803-5248
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US17-0279410
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2018
Construction
CONCRETE
Total area
59,889 SF
Lot
8.42 ac (366,775 SF)
Zoning code
ST
APN
06-078.00-404
UPID
US17-0279410
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
-
HarborChase of Wilmington Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$1.38M
Owner & transaction history
Vtr Hc Wilmington LLC · 1 yrs held
Vtr Hc Wilmington LLC
since 2024
7 recorded transactions
Zoning & alternative use
ST · 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
$1,090,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±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
$23 / 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
$198,333
Tax year 2023
Assessed value
$5,702,200
Assessed 2023
Previous assessed
$5,702,200
+0.0% YoY
Effective rate
3.48%
On assessed value
Assessed land
$390,800
Assessed improvement
$5,311,400
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
2
Rooms
7
Bathrooms
1
Total area
59,889 SF
Lot
8.42 ac (366,775 SF)
Zoning code
ST
APN
06-078.00-404
UPID
US17-0279410
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
ST · Wilmington, DEZoning ST · permitted uses
ST · Wilmington, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
2018
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Rooms
7
Bathrooms
1
Lot
8.42 ac
Current owner
From public records · entity-resolved
Vtr Hc Wilmington LLC
Entity
Mailing address
500 N HURSTBOURNE PKWY STE #200, LOUISVILLE, KY 40222-3301
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2024
—
Vtr Hc Wilmington LLC
Bfg Wilmington Propco III LLC
Deed
—
Oct 2, 2018
—
Bfg Wilmington Propco III LLC
—
Grant Deed
related
$25,496,501 · Synovus Bk
Nov 21, 2016
$2,000,000
Bfg Wilmington Propco III LLC
Morris Edward T
Grant Deed
$2,092,441 · Basm LLC
Jan 23, 2015
$141,050
William J Meany
W D Martine & Son INC
Quit Claim Deed
related
—
—
—
W D Martine & Son INC
—
Deed Of Trust
related
$75,000 · Artisans Bank
—
—
W D Martine & Son INC
—
Deed Of Trust
related
$177,394 · William J & Kathleen G Meany
—
—
W D Martine & Son INC
—
Deed Of Trust
related
$265,000 · Artisans Bank
—
—
W D Martine & Son INC
—
Deed Of Trust
related
$50,000 · Artisans Bank
—
—
W D Martine & Sons INC
—
Deed Of Trust
related
$50,000 · Artisans 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.
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