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    Property profile & analytics

    242 Lombard St Wilmington, DE 19801-3922

    • Grocery and convenience stores
    • 560 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 16, 2022
    Location Intelligence
    Property ID
    US17-0291855
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • S & R Market / Convenience Store

    Property Details for 242 Lombard St

    Year built
    1890
    Construction
    CONCRETE
    Lot size
    0.03 lot acres
    Property size
    560 SF
    Zone code
    26R5-B
    Property type
    Grocery and convenience stores
    APN
    26-043.40-182
    APU
    2604340182

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5465
    Latitude
    39.7376
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $866
    $3,300
    $20,700
    $24,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      31,615 SF

      800 4th St

      GROCERY, SUPERMARKET • 31,615 SF
      800 4th St, Wilmington, DE 19801-2055
      View Details
    • Value Estimation
      $410,000
      5,170 SF

      1053 Market St

      CONVENIENCE STORE (W/FUEL PUMP) • 5,170 SF
      1053 Market St, Wilmington, DE 19801-5227
      View Details
    • Value Estimation by Request
      1,233 SF

      940 Pne St

      CONVENIENCE STORE • 1,233 SF
      940 Pne St, Wilmington, DE 19801-4030
      View Details
    • Value Estimation
      $350,000
      256 SF

      203 Market St

      CONVENIENCE STORE (W/FUEL PUMP) • 256 SF
      203 Market St, Wilmington, DE 19801
      View Details
    • Value Estimation
      $300,000
      1,716 SF

      201 Heald St

      CONVENIENCE STORE (W/FUEL PUMP) • 1,716 SF
      201 Heald St, Wilmington, DE 19801-5431
      View Details
    • Value Estimation
      $350,000
      1,920 SF

      400 Martin Luther King Blvd

      CONVENIENCE STORE (W/FUEL PUMP) • 1,920 SF
      400 Martin Luther King Blvd, Wilmington, DE 19801-2410
      View Details

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    242 Lombard St
    Wilmington, DE 19801-3922
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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