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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Commercial real estate
3607 Downing Dr Wilmington, DE 19802-2409
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US17-0287502
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1987
Construction
CONCRETE
Total area
3,000 SF
Lot
1.56 ac (67,954 SF)
Zoning code
26M-1
APN
26-024.00-001
UPID
US17-0287502
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
-
Billy's Glass Tinting Interior Design Auto Repair Shop
-
Anderson Party Rentals Party Supply Store Rental Equipment Company
-
JLD Auto Repair and Transmission Auto Repair Shop
-
Anderson's Party Rentals Party Supply Store Rental Equipment Company
-
Stein Tree Service Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$470k
Comparable Approach
Comparable
$864k
Blend (final)
Blend
$665k
Owner & transaction history
Jebi Holding LLC · 1 yrs held
Jebi Holding LLC
since 2025
7 recorded transactions
Zoning & alternative use
26M-1 · Wilmington, DE
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%
$510,000
6.5%
$470,000
7%
$435,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$620,000
Current use
RETAIL STORES
$620,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$222 / 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
$9,011
Tax year 2023
Assessed value
$306,000
Assessed 2023
Previous assessed
$306,000
+0.0% YoY
Effective rate
2.94%
On assessed value
Assessed land
$30,000
Assessed improvement
$276,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
3,000 SF
Lot
1.56 ac (67,954 SF)
Zoning code
26M-1
APN
26-024.00-001
UPID
US17-0287502
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
26M-1 · Wilmington, DEZoning 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
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$620,000
RETAIL STORES
Est. value
$620,000
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
1987
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
1.56 ac
Current owner
From public records · entity-resolved
Jebi Holding LLC
Entity
Mailing address
PO BOX 1151, WILMINGTON, DE 19899-1151
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2025
—
Jebi Holding LLC
E Earle Downing INC
Deed
$896,250 · Td Bank NA
Jan 8, 2020
—
E Earle Downing INC
—
Deed
related
$396,000 · Artisans Bank
Dec 5, 2017
—
E Earle Downing INC
—
Deed
related
$100,000 · Artisans Bank
Jun 8, 2016
—
E Earle Downing INC
—
Deed
related
$424,000 · Artisans Bank
—
—
E Earle Downing INC
—
Loan Modification
related
$715,920 · Wilmington Trust Co
—
—
E Earle Downing INC
—
Loan Modification
related
$643,655 · Wilmington Trust Co
—
—
E Earle Downing INC
—
Loan Modification
related
$643,755 · Wilmington Trust Co
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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