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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Distribution properties
3801 Lancaster Pike Wilmington, DE 19805-1512
Individually Owned
9-yr Hold
Free & Clear
Property ID
US17-0139966
Property profile
Verified
Property type
Distribution properties
Use group
COM AUTO TRANS/STORAGE
Year built
1969
Construction
CONCRETE
Total area
16,485 SF
Lot
2.83 ac (123,275 SF)
Zoning code
CR
APN
07-032.40-028
UPID
US17-0139966
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
-
Mercedes-Benz of Wilmington Car Dealership
-
n+ Mercedes-EQ Formula E Team eBikes (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$755k
Blend (final)
Blend
$610k
Owner & transaction history
Vmdt Ptshp · 9 yrs held
Vmdt Ptshp
since 2017
7 recorded transactions
Zoning & alternative use
CR · 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
Method
Estimation
Statistic approach
by Request
ML approach
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$37 / 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
Assessed value
$766,900
Assessed 2023
Previous assessed
$766,900
+0.0% YoY
Assessed land
$169,800
Assessed improvement
$597,100
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
Distribution properties
Use group
COM AUTO TRANS/STORAGE
Status
Off-Market
Year built
1969
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
16,485 SF
Lot
2.83 ac (123,275 SF)
Zoning code
CR
APN
07-032.40-028
UPID
US17-0139966
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
CR · Wilmington, DE
Zoning CR · permitted uses
CR · 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
1969
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
2.83 ac
Current owner
From public records · entity-resolved
Vmdt Ptshp
Individual
Free & Clear · 9 yrs held
Mailing address
3801 LANCASTER PIKE, WILMINGTON, DE 19805-1512
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2017
$8,600,000
Vmdt Ptshp
3801 Wilmington Corp
Grant Deed
related
—
Jul 10, 2017
—
Vmdt Ptshp
—
Grant Deed
related
$7,000,000 · Bank Of America
Jul 5, 2017
$8,600,000
Vmdt Ptshp
3801 Wilmington Corp
Grant Deed
—
Sep 8, 2009
$5,175,000
3801 Wilmington Corporation
Car Con Wild LLC
Deed
$5,175,000 · Dcfs USA LLC
Aug 1, 2007
—
Car Con Wild LLC
—
Deed Of Trust
related
—
May 10, 2007
$10
Car Con Wild LLC
Pennmar Real Estate Group LLC
Grant Deed
—
—
—
3801 Wilmington Corp
—
Loan Modification
related
$4,624,448 · Mercedes-benz Fin'l Svcs USA
—
—
3801 Wilmington Corp
—
Deed Of Trust
related
$5,760,000 · Mercedes-benz Fin'l Svcs USA
—
—
Pennmark Real Estate Group LLC
—
Deed Of Trust
related
$3,920,000 · Key Bank 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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