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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Commercial real estate
204 Southern Blvd Wyoming, DE 19934-1028
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US17-0298964
Property summary
AI-generated overview
This exceptional 75,000 square foot flex space industrial property, located at 204 Southern Blvd in Wyoming, Delaware, presents a significant investment opportunity. Situated on a substantial 10.3-acre lot, this Class B building is zoned I1 and offers ample space for a variety of industrial and flex uses. The property boasts convenient access to town utilities. The asking price is $1,350,000, translating to a price per square foot of $25. The property's extensive size and flexible zoning make it ideal for businesses requiring significant space and adaptable layouts. Multiple tax parcel numbers are associated with the property: 7-20-09409-01-0700-000
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1950
Total area
72,164 SF
Lot
6.4 ac (278,784 SF)
Zoning code
I1
APN
7-20-094.09-01-07.00-000
UPID
US17-0298964
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$970k
Owner & transaction history
Karen Pollard · 1 yrs held
Karen Pollard
since 2025
Last sale
$800,000
4 recorded transactions
Zoning & alternative use
I1 · Wyoming, 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 Wyoming submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wyoming 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10% · vs last sale $800k (Dec 31 2024)
Last sale anchor
$800k
Dec 31 2024
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
$13 / 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
$9,226
Tax year 2023
Assessed value
$365,100
Assessed 2023
Previous assessed
$365,100
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$42,000
Assessed improvement
$323,100
Applied tax rate
20.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1950
Heating
NONE
Buildings
3
Total area
72,164 SF
Lot
6.4 ac (278,784 SF)
Zoning code
I1
APN
7-20-094.09-01-07.00-000
UPID
US17-0298964
Jurisdiction
KENT
Zoning & alternative use
I1 · Wyoming, DEZoning I1 · permitted uses
I1 · Wyoming, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
WYOMING TOWN GOVERNMENT
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Buildings
3
Lot
6.4 ac
Current owner
From public records · entity-resolved
Karen Pollard
Individual
Mailing address
PO BOX 766, DANBURY, CT 06813-0766
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
Mar 31, 2025
$800,000
Karen Pollard
The Town Center At Wyoming LLC
Deed
—
Sep 29, 2020
—
Greens At Wyoming LLC
—
Deed
related
$176,500 · M&t Bk
—
—
Quality Kitchen Corp
—
Deed Of Trust
related
$1,757,500 · Ne Funding LLC
—
—
Greens At Wyoming LLC
—
Deed Of Trust
related
$176,500 · M&t Bk
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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