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Property profile & analytics
OFF-MARKET
Estimated value
$9,185,000
Commercial real estate
217 Stadium St Smyrna, DE 19977-2891
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US17-0230688
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Total area
72,369 SF
Lot
11.4 ac (496,584 SF)
Zoning code
HC
APN
1-17-019.00-01-63.00-000
UPID
US17-0230688
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
-
Dollar Tree Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.96M
Blend (final)
Blend
$9.19M
Owner & transaction history
Baldwin Investors
Baldwin Investors
since 2025
Last sale
$8.6M
5 recorded transactions
Zoning & alternative use
HC · Smyrna, 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 Smyrna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smyrna 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
$9.19M
Range $8.27M – $10.10M · ±10% · vs last sale $8.60M (Jul 7 2025)
Last sale anchor
$8.60M
Jul 7 2025
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
$127 / 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
$42,848
Tax year 2023
Assessed value
$1,612,700
Assessed 2023
Previous assessed
$1,612,700
+0.0% YoY
Effective rate
2.66%
On assessed value
Assessed land
$176,600
Assessed improvement
$1,436,100
Applied tax rate
17.0000
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
2000
Heating
NONE
Total area
72,369 SF
Lot
11.4 ac (496,584 SF)
Zoning code
HC
APN
1-17-019.00-01-63.00-000
UPID
US17-0230688
Jurisdiction
KENT
Zoning & alternative use
HC · Smyrna, DE
Zoning HC · permitted uses
HC · Smyrna, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Smyrna. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Lot
11.4 ac
Current owner
From public records · entity-resolved
Baldwin Investors
Individual
Mailing address
200 WESTGATE CIR STE #502, ANNAPOLIS, MD 21401-3374
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2025
$8,603,750
Baldwin Investors
Gateway North Limited Partnership
Special Warranty Deed
$17,000,000 · Shore United Bank NA
May 2, 2016
—
Gateway North LP
—
Deed
related
$5,500,000 · Severn Svgs Bk Fsb
Apr 12, 2004
$697,000
Nosam LLC
Beiser Group LLC
Grant Deed
$3,567,083 · Wachovia Bank NA
—
—
Gateway North LP
—
Deed Of Trust
related
$5,500,000 · Severn Svgs Bk Fsb
—
—
Beiser Group LLC
—
Deed Of Trust
related
$594,394 · Wilmington Trust Co
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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