New search
Property profile & analytics
OFF-MARKET
Gas stations
205 Market St, Wilmington, DE 19801
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US17-0224417
Property profile
Verified
Property type
Gas stations
Use group
GAS STATION
Year built
1940
Construction
CONCRETE
Total area
1,305 SF
Lot
1.92 ac (83,635 SF)
Zoning code
26W4
APN
26-049.00-008
UPID
US17-0224417
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
by Request
Owner & transaction history
Riverfront Evelopnient Corporation · 2 yrs held
Riverfront Evelopnient Corporation
since 2023
6 recorded transactions
Zoning & alternative use
26W4 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,922
Tax year 2023
Assessed value
$89,900
Assessed 2023
Previous assessed
$89,900
+0.0% YoY
Effective rate
7.70%
On assessed value
Assessed land
$76,800
Assessed improvement
$13,100
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
Gas stations
Use group
GAS STATION
Status
Off-Market
Year built
1940
Construction
CONCRETE
Heating
YES
Stories
1
Total area
1,305 SF
Lot
1.92 ac (83,635 SF)
Zoning code
26W4
APN
26-049.00-008
UPID
US17-0224417
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
26W4 · Wilmington, DE
Zoning 26W4 · permitted uses
26W4 · 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.
Building & site characteristics
From public records
Year built
1940
Construction
CONCRETE
Heating
YES
Stories
1
Lot
1.92 ac
Current owner
From public records · entity-resolved
Riverfront Evelopnient Corporation
Entity
Mailing address
815 JUSTISON ST, WILMINGTON, DE 19801-5156
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2023
—
Riverfront Evelopnient Corporation
The State Of Delaware
Quit Claim Deed
related
—
Sep 24, 2021
—
Riverfront Development Corporation
Shellhorn & Hill INC
Special Warranty Deed
$4,022,686 · Shellhorn & Hill INC
May 24, 2012
—
Shellhorn & Hill INC
—
Deed Of Trust
related
$3,750,000 · M & T Bank
—
—
Shellhorn & Hill INC
—
Deed Of Trust
related
$1,500,000 · M & T Bank
—
—
Shellhorn & Hill INC
—
Loan Modification
related
$1,500,000 · M&t Bk
—
—
Shellhorn & Hill INC
—
Deed Of Trust
related
$3,797,918 · 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 205 Market St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
