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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Assisted living facilities
2200 4th St Wilmington, DE 19805-3362
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US17-0274954
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1932
Construction
CONCRETE
Total area
39,110 SF
Lot
1.45 ac (63,162 SF)
Zoning code
26R5-B
APN
26-026.10-153
UPID
US17-0274954
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
-
Sun School of Taiji & Martial Arts Sports School
-
The Lorelton Retirement Community Nursing Home
-
Flanders James F MD Physician
-
Lore School High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$885k
Owner & transaction history
The Lorelton Foundation · 2 yrs held
The Lorelton Foundation
since 2024
6 recorded transactions
Zoning & alternative use
26R5-B · 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
Method
Estimation
Statistic approach
by Request
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$885k
Range $797k – $974k · ±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
Assessed value
$3,579,300
Assessed 2023
Previous assessed
$3,579,300
+0.0% YoY
Assessed land
$315,800
Assessed improvement
$3,263,500
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
1932
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
3
Total area
39,110 SF
Lot
1.45 ac (63,162 SF)
Zoning code
26R5-B
APN
26-026.10-153
UPID
US17-0274954
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
26R5-B · Wilmington, DE
Zoning 26R5-B · permitted uses
26R5-B · 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
1932
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
3
Lot
1.45 ac
Current owner
From public records · entity-resolved
The Lorelton Foundation
Individual
Mailing address
1 COMMERCE ST STE #700, WILMINGTON, DE 19801
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2024
—
The Lorelton Foundation
—
Deed
related
$2,000,000 · Sustainable Energy Utility INC
Sep 27, 2023
—
The Lorelton Foundation
—
Deed
related
$3,792,950 · Cinnaire Lending Corporation
May 31, 2017
—
Lorelton Foundation
—
Deed
related
$1,000,000 · Sustainable Energy Utility INC
Apr 1, 2004
—
Lorelton Foundation
—
Trustees Deed
related
$3,770,000 · Artisans Bank
—
—
Lorelton Foundation
—
Deed Of Trust
related
$5,000,000 · Linda Stat
—
—
Lorelton Foundation
—
Deed Of Trust
related
$1,000,000 · Sustainable Energy Utility INC
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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