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Property profile & analytics
OFF-MARKET
Estimated value
$7,595,000
Warehouses
2020 Firedancer Ln Bear, DE 19701-5212
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US17-0182434
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Construction
CONCRETE
Total area
51,004 SF
Lot
6.4 ac (278,784 SF)
Zoning code
CR
APN
10-034.00-093
UPID
US17-0182434
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
-
Food Distribution Center - Alpha Worship Center - Pantry of Hope Food Bank Charitable Organization
-
Alpha Worship Center Church Mosque
-
Pantry Of Hope - Food Pantry Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.11M
Comparable Approach
Comparable
$7.70M
Blend (final)
Blend
$7.60M
Owner & transaction history
Eh Fund V F LLC · 1 yrs held
Eh Fund V F LLC
since 2025
7 recorded transactions
Zoning & alternative use
CR · Bear, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$11.7M
+66.7%
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 Bear submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bear 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%
$6,620,000
6.5%
$6,110,000
7%
$5,675,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,010,000
Current use
RETAIL STORES
$11,680,000
Change: +67% · Conversion: Moderate
Blend value · Realmo final
$7.60M
Range $6.84M – $8.35M · ±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
$149 / 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
$44,337
Tax year 2024
Assessed value
$1,329,500
Assessed 2024
Previous assessed
$1,329,500
+0.0% YoY
Effective rate
3.33%
On assessed value
Assessed land
$221,900
Assessed improvement
$1,107,600
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
51,004 SF
Lot
6.4 ac (278,784 SF)
Zoning code
CR
APN
10-034.00-093
UPID
US17-0182434
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
CR · Bear, DE
Zoning CR · permitted uses
CR · Bear, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bear. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.0M
RETAIL STORES
Est. value
$11.7M
WAREHOUSE, STORAGE 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
1979
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
6.4 ac
Current owner
From public records · entity-resolved
Eh Fund V F LLC
Entity
Mailing address
14 HADCO RD, WILMINGTON, DE 19804-1014
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2025
—
Eh Fund V F LLC
Gfp Firedancer LLC
Deed
$6,675,000 · Cnb
Sep 25, 2023
—
Gfp Firedancer LLC
—
Deed
related
$379,500 · Wilmington Savings Fund Society Fsb
Dec 20, 2021
—
Futura Enterprises LLC
620 Realty
Deed
$1,900,000 · Artisans Bank
Mar 16, 2021
—
Gfp Firedancer LLC
—
Deed
related
$4,550,000 · Wilmington Savings Fund Society Fsb
Aug 16, 2019
—
Gfp Firedancer LLC
—
Deed
related
$500,000 · Wilmington Savings Fund Society Fsb
Nov 23, 2016
—
Gfp Firedancer LLC
—
Deed
related
$825,000 · Wilmington Savings Fund Society Fsb
Jan 20, 2015
$2,900,000
Gfp Firedancer LLC
Alpha Worship Center INC
Deed
—
Mar 21, 2007
—
Alpha Worship Center INC
Alpha Baptish Church INC
Correction Deed
related
$650,000 · Wilmington Trust Co
Feb 3, 2005
$2,250,000
Alpha Baptist Church INC
Hdc INC
Deed
$3,800,000 · Wilmington Trust Co
—
—
Giles & Ransome INC
—
Deed Of Trust
related
$140,000,000 · Pnc Bk
—
—
Giles & Ransome INC
—
Deed Of Trust
related
$45,000,000 · Dcat LLC
—
—
Alpha Worship Center INC
—
Deed Of Trust
related
$1,000,000 · Plaza Four Realty LLC
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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