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Property profile & analytics
FOR LEASE
Parking lots & garages
3 Beaver Valley Rd Wilmington, DE 19803
Entity Owned
~
Est. High Equity
Property ID
US17-0200076
For Lease
1 / 8
$6,065,000
3 Beaver Valley Rd, Wilmington, DE 19803
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2004
Construction
BRICK
Total area
72,778 SF
Lot
17.92 ac (780,595 SF)
Zoning code
OR
APN
06-010.00-029
UPID
US17-0200076
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
-
Mclarnon Regina Insurance Agency
-
AIG Marketing Inc: Roberts Melissa Insurance Agency
-
Insurance Phone Numbers Insurance Agency
-
Truveris, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
21st Century Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.07M
Owner & transaction history
Wilmington University INC
Wilmington University INC
since 2025
Last sale
$6.2M
4 recorded transactions
Zoning & alternative use
OR · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.8M
+47.1%
Restaurant
$7.5M
+26.2%
Retail stores
$6.1M
+2.7%
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
$5,835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$5,955,000
Current use
AUTO REPAIR, GARAGE
$8,760,000
Change: +47% · Conversion: Difficult
RESTAURANT
$7,510,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$6,110,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,435,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$6.07M
Range $5.46M – $6.67M · ±10% · vs last sale $6.18M (Mar 5 2025)
Last sale anchor
$6.18M
Mar 5 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
$83 / 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
$531,828
Tax year 2023
Assessed value
$15,115,400
Assessed 2023
Previous assessed
$15,115,400
+0.0% YoY
Effective rate
3.52%
On assessed value
Assessed land
$1,756,300
Assessed improvement
$13,359,100
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
For Lease
Year built
2004
Construction
BRICK
Heating
NONE
Buildings
2
Stories
3
Total area
72,778 SF
Lot
17.92 ac (780,595 SF)
Zoning code
OR
APN
06-010.00-029
UPID
US17-0200076
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
OR · Wilmington, DE
Zoning OR · permitted uses
OR · 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.
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$8.8M
RESTAURANT
Est. value
$7.5M
RETAIL STORES
Est. value
$6.1M
WAREHOUSE, STORAGE
Est. value
$5.4M
PARKING LOT Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
WAREHOUSE, STORAGE
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
2004
Construction
BRICK
Heating
NONE
Stories
3
Buildings
2
Lot
17.92 ac
Current owner
From public records · entity-resolved
Wilmington University INC
Entity
Mailing address
7670 WOODWAY DR STE #160, HOUSTON, TX 77063-1593
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2025
$12,500,000
Wilmington University INC
Registered Holders Of Wells Fargo C
Special Warranty Deed
—
Mar 5, 2025
—
Wilmington Trust National Associati
Medistar Beaver Valley LLC
Deed
related
—
Mar 31, 2015
$6,180,000
Medistar Beaver Velley LLC
First States Wilmington LP
Deed
$46,350,000 · Wells Fargo Bank NA
—
—
First States Wilmington LP
—
Deed Of Trust
related
$43,000,000 · Deutsche Banc Mortgage Capital
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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