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Property profile & analytics
FOR LEASE
Office Spaces
327 6Th Ave Wilmington, DE 19805
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US17-0475202
For Lease
1 / 2
$13.38 SF/Yr
327 6Th Ave, Wilmington, DE 19805
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2008
Construction
CONCRETE
Total area
2,774 SF
Lot
0.07 ac (3,049 SF)
Zoning code
26M-1
APN
26-049.10-201
UPID
US17-0475202
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
-
Zipin2ship Inc Shipping Shipping Company Freight Service
-
SLH General Contractors LLC Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$325k
CAP Approach
CAP
$435k
Comparable Approach
Comparable
$524k
Blend (final)
Blend
$515k
Owner & transaction history
Akw Properties L L C · 8 yrs held
Akw Properties L L C
since 2017
7 recorded transactions
Zoning & alternative use
26M-1 · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$570,000
+33.5%
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
$325,000
CAP Approach
CAP Return
Estimation
6%
$470,000
6.5%
$435,000
7%
$405,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$430,000
Current use
RETAIL STORES
$570,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$186 / 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
$4,396
Tax year 2023
Assessed value
$121,900
Assessed 2023
Previous assessed
$121,900
+0.0% YoY
Effective rate
3.61%
On assessed value
Assessed land
$6,100
Assessed improvement
$115,800
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
2008
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
2
Total area
2,774 SF
Lot
0.07 ac (3,049 SF)
Zoning code
26M-1
APN
26-049.10-201
UPID
US17-0475202
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
26M-1 · Wilmington, DE
Zoning 26M-1 · permitted uses
26M-1 · 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
COMMERCIAL (GENERAL) Current
Est. value
$430,000
RETAIL STORES
Est. value
$570,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
2008
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Akw Properties L L C
Entity
Mailing address
312 DETJEN DR, HOCKESSIN, DE 19707-1909
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2024
—
Akw Properties LLC
—
Deed
related
$229,420 · Kimberly Wahl
Sep 7, 2017
—
Akw Properties L L C
Casale And Associates INC
Deed
$320,000 · Wilmington Savings Fund Society Fsb
Nov 13, 2007
$60,000
Casale & Associates INC
Lamb,richard E JR
Grant Deed
—
Jan 25, 2005
$16,000
Richard E Lamb JR.
Mcgonigle,james
Grant Deed
—
—
—
Casale & Associates INC
—
Deed Of Trust
related
$205,000 · Grand Bank For Savings Fsb
—
—
Casale & Associates INC
—
Deed Of Trust
related
$187,500 · Jerzy Wirth
—
—
Casale & Associates INC
—
Deed Of Trust
related
$261,356 · Jerzy Wirth
—
—
Kimberly M Casale
—
Deed Of Trust
related
$284,983 · Deborah D Barr
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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