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Property profile & analytics
FOR LEASE
Medical Office Space
2722 Concord Pike Wilmington, DE 19803-5007
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US17-0272742
For Lease
1 / 8
Contact for pricing
2722 Concord Pike, Wilmington, DE 19803-5007
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Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2013
Construction
CONCRETE
Total area
5,372 SF
Lot
0.7 ac (30,492 SF)
Zoning code
CN
APN
06-077.00-278
UPID
US17-0272742
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
-
Dr. Preet Joshi Pediatrician Physician
-
MedExpress Pediatrician Physician
-
Copier Rental Wilmington Computer & Electronic Repair
-
Walk in clinic??? Medical Clinic
-
Deborah Mcdermott Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$771k
Blend (final)
Blend
$375k
Owner & transaction history
C&z Real Estate LLC · 14 yrs held
C&z Real Estate LLC
since 2012
6 recorded transactions
Zoning & alternative use
CN · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Commercial (general)
$960,000
+6.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$900,000
Current use
COMMERCIAL (GENERAL)
$960,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$375k
Range $338k – $413k · ±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
$70 / 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
$16,037
Tax year 2023
Assessed value
$455,800
Assessed 2023
Previous assessed
$455,800
+0.0% YoY
Effective rate
3.52%
On assessed value
Assessed land
$183,000
Assessed improvement
$272,800
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
For Lease
Year built
2013
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
1
Total area
5,372 SF
Lot
0.7 ac (30,492 SF)
Zoning code
CN
APN
06-077.00-278
UPID
US17-0272742
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
CN · Wilmington, DEZoning CN · permitted uses
CN · Wilmington, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$900,000
COMMERCIAL (GENERAL)
Est. value
$960,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2013
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
C&z Real Estate LLC
Entity
Mailing address
5 GROUSE TRL, CHADDS FORD, PA 19317-9127
Ownership since
2012
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
Jan 25, 2012
$1,500,000
C&z Real Estate LLC
Brackenville Properties LLC
Deed
$783,300 · Pnc Bank NA
Jan 25, 2012
—
Brackenville Properties LLC
Triple R Trust
Grant Deed
related
—
Dec 20, 2007
—
Brackenville Properties LLC
Ralph V Estep
Correction Deed
related
—
Jan 16, 2007
$10
Brackenville Properties Lcc
Estep,ralph V
Grant Deed
—
Oct 1, 1999
$800,000
Ralph V Estep
Sloan,louis
Grant Deed
related
$700,000 · Sloan Brothers Ents
—
—
Brackenville Properties Lcc
—
Deed Of Trust
related
$582,355 · State Of Delaware
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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