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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3101 Limestone Rd Wilmington, DE 19808-2148

    • Medical offices
    • 2,636 SF
    • 0.50 lot acres
    OFF-MARKET
    Last Sale
    Feb 22, 2021
    Value Estimations
    $465,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US17-0144264
    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

    • Fedele Rebekah DDS / Dentist
    • George Andrea / Dentist
    • Chism Bonita / Dentist
    • Sabato Dental Laboratory / Dental Laboratory
    • Code One CPR Training / Emergency Training / Emergency Training School

    Property Details for 3101 Limestone Rd

    Year built
    1968
    Construction
    BRICK
    Lot size
    0.50 lot acres
    Property size
    2,636 SF
    Zone code
    ON
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    08-037.40-011
    APU
    803740011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $360,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $635,000
      6.5%
      $585,000
      7%
      $545,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $457,000
      Market price range: $200k - $630k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $440,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.6689
    Latitude
    39.7327
    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
    $8,929
    $88,400
    $182,200
    $270,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $375,000
      1,984 SF

      5506 Kirkwood Hwy

      DENTAL BUILDING • 1,984 SF
      5506 Kirkwood Hwy, Wilmington, DE 19808-5002
      View Details
    • Value Estimation
      $265,000
      2,574 SF

      25 Milltown Rd

      DENTAL BUILDING • 2,574 SF
      25 Milltown Rd, Wilmington, DE 19808-3107
      View Details
    • Value Estimation
      $290,000
      2,996 SF

      2712 Old Milltown Rd

      DENTAL BUILDING • 2,996 SF
      2712 Old Milltown Rd, Wilmington, DE 19808-3728
      View Details
    • Value Estimation
      $575,000
      8,408 SF

      4901 Limestone Rd

      DENTAL BUILDING • 8,408 SF
      4901 Limestone Rd, Wilmington, DE 19808-1271
      View Details
    • Value Estimation
      $755,000
      17,875 SF

      2710 Centerville Rd

      DENTAL BUILDING • 17,875 SF
      2710 Centerville Rd, Wilmington, DE 19808-1644
      View Details
    • Value Estimation
      $255,000
      1,152 SF

      2415 Milltown Rd

      DENTAL BUILDING • 1,152 SF
      2415 Milltown Rd, Wilmington, DE 19808-3903
      View Details

    Similar Nearby for Sale

    • $900,000
      7,515 SF

      Pike Creek Medical/Office Condo

      Medical/Office condo for sale in high-traffic location.
      3105 Limestone Rd, Wilmington, DE 19808
      View Details
    • Contact for pricing
      100,000 SF

      Two-Building Office Center with Amenities

      Two Class A office buildings with on-site amenities.
      2751 Centerville Rd, Wilmington, DE 19808
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    • $5,240,560
      17,000 SF

      Office Building on Limestone Road

      17,000 square foot office building for sale.
      5305 Limestone Rd, Wilmington, DE 19808
      View Details
    • Contact for pricing
      100,000 SF

      Two-Building Office Complex For Sale

      Two four-story office buildings with on-site amenities and ample parking.
      2711 Centerville Rd, Wilmington, DE 19808
      View Details
    • Contact for pricing
      8,990 SF

      Wilmington Office Space For Sale

      4,921 SF office space with high visibility.
      Wilmington Ave, New Castle, DE 19808
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    • $299,000
      1,624 SF

      Wilmington Office Condo For Sale

      Professional office condo in excellent condition with ample parking.
      5153 W Woodmill Dr, Wilmington, DE 19808
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,442 SF

      Wilmington Medical Office Space For Lease

      Delaware medical office building, 16,442 SF available.
      1941 Limestone Rd, Wilmington, DE 19808
      View Details
    • Contact for pricing
      43,200 SF

      Wilmington Medical Office Space

      Modern medical suites, Delaware. Excellent highway access.
      4512 Kirkwood Hwy, Wilmington, DE 19808
      View Details
    • $1,950 /Mo
      1,350 SF

      Kirkwood Highway Office Space Available

      Centrally located office space with high visibility and accessibility.
      5511 Kirkwood Hwy, Wilmington, DE 19808
      View Details
    • $276 SF/Yr
      105,931 SF

      Prime Wilmington Executive Office Space

      Class A Office, 8,104 SF Available
      4550 New Linden Hl Rd, Marshallton, DE 19808
      View Details
    • $2,385 /Mo
      1,300 SF

      Renovated Office Suite For Lease

      Recently renovated office suite in a desirable location for lease.
      3304 Old Capitol Trl, Wilmington, DE 19808
      View Details
    • $23 SF/Yr
      17,000 SF

      Pike Creek Executive Office Suites

      Modern Office Space, Abundant Parking
      5307 Limestone Rd, Wilmington, DE 19808
      View Details
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    Wilmington, DE 19808-2148
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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