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Property profile & analytics
OFF-MARKET
Estimated value
$1,905,000
Warehouses
308 Pigeon Pt Rd New Castle, DE 19720-1418
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US17-0172231
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1994
Construction
CONCRETE
Total area
30,000 SF
Lot
4.25 ac (185,130 SF)
Zoning code
HI
APN
10-006.00-028
UPID
US17-0172231
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.01M
Blend (final)
Blend
$1.91M
Owner & transaction history
Ione LLC · 1 yrs held
Ione LLC
since 2024
7 recorded transactions
Zoning & alternative use
HI · New Castle, 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 New Castle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Castle 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
$1.91M
Range $1.71M – $2.10M · ±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
$64 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$10,748
Tax year 2024
Assessed value
$322,300
Assessed 2024
Previous assessed
$322,300
+0.0% YoY
Effective rate
3.33%
On assessed value
Assessed land
$83,800
Assessed improvement
$238,500
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
30,000 SF
Lot
4.25 ac (185,130 SF)
Zoning code
HI
APN
10-006.00-028
UPID
US17-0172231
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
HI · New Castle, DE
Zoning HI · permitted uses
HI · New Castle, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Castle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
4.25 ac
Current owner
From public records · entity-resolved
Ione LLC
Entity
Mailing address
529 TERMINAL AVE, NEW CASTLE, DE 19720-1426
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2024
—
Ione LLC
—
Deed
related
$750,000,000 · Wilmington Trust NA
Oct 2, 2019
—
Ione LLC
—
Grant Deed
related
$36,000,000 · Wilmington Svgs Fund Society F
May 23, 2018
—
Port Ventures LLC
—
Deed
related
$2,384,285 · Wilmington Svgs Fund Society
Feb 3, 2017
—
Port Ventures LLC
—
Deed
related
$2,384,285 · Wilmington Svg Fund Societyfsb
Apr 18, 2007
—
Ione LLC
—
Deed Of Trust
related
$13,890,334 · Wachovia Bank Of Delaware NA
—
—
Ione LLC
—
Deed Of Trust
related
$3,500,000 · Wachovia Bank Of Delaware NA
—
—
Port Ventures LLC
—
Loan Modification
related
$2,384,285 · Wilmington Svg Fund Societyfsb
—
—
Port Ventures LLC
—
Loan Modification
related
$2,384,285 · Wilmington Svgs Fund Society
—
—
Ione LLC
—
Deed Of Trust
related
$1,500,000 · Wachovia Bank Of Delaware NA
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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