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Property profile & analytics
OFF-MARKET
Retail residential properties
38 23rd St Wilmington, DE 19802-4251
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US17-0265573
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1920
Construction
CONCRETE
Total area
1,173 SF
Lot
0.03 ac (1,307 SF)
Zoning code
26R-3
APN
26-022.40-123
UPID
US17-0265573
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Community Focused Reinvestment Corp · 1 yrs held
Community Focused Reinvestment Corp
since 2024
7 recorded transactions
Zoning & alternative use
26R-3 · Wilmington, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$19,300
Assessed 2023
Previous assessed
$19,300
+0.0% YoY
Assessed land
$2,600
Assessed improvement
$16,700
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1920
Construction
CONCRETE
Heating
YES
Stories
2
Total area
1,173 SF
Lot
0.03 ac (1,307 SF)
Zoning code
26R-3
APN
26-022.40-123
UPID
US17-0265573
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
26R-3 · Wilmington, DE
Zoning 26R-3 · permitted uses
26R-3 · 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.
Building & site characteristics
From public records
Year built
1920
Construction
CONCRETE
Heating
YES
Stories
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
Community Focused Reinvestment Corp
Entity
Mailing address
3 WEISKOPF CIR, MIDDLETOWN, DE 19709-7938
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2024
—
Community Focused Reinvestment Corp
Wilmington Neighborhood Conservancy
Deed
$10,000 · Wilmington Neighborhood Conservancy
Oct 18, 2018
—
Wilmington Nbrhd Conservancy L
City Of Wilmington
Quit Claim Deed
—
Apr 20, 2018
$11,181
City Of Wilmington
Sheriff / New Castle County|blackshear,albert N
Tax Deed
related
—
Jan 16, 2018
—
Edward Sims
Blackshear,albert N
Quit Claim Deed
related
—
Jun 2, 2014
—
Albert N Blackshear
Thompson,dino D
Grant Deed
—
Jun 2, 2006
$10
Dino D Thompson
Dart Rental Properties LLC
Grant Deed
—
May 4, 2005
$10
Dart Rental Properties LLC
Thompson,ralph E & Ann P
Grant Deed
related
—
—
—
Deno D Thompson
—
Deed Of Trust
related
$50,000 · Commerce Bank 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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