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Property profile & analytics
OFF-MARKET
Estimated value
$6,595,000
Grocery and convenience stores
3901 Lancaster Pike Wilmington, DE 19805-1514
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US17-0053854
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1981
Construction
CONCRETE
Total area
42,290 SF
Lot
4.48 ac (195,149 SF)
Zoning code
CR
APN
07-032.40-029
UPID
US17-0053854
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
-
Susan P. Blessing, RPH Pharmacy
-
ATM Atm
-
Marilyn’s Kitchen Take-out & Catering Catering Service
-
KeyMe Locksmiths Locksmith
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.30M
Comparable Approach
Comparable
$7.30M
Blend (final)
Blend
$6.60M
Owner & transaction history
Vmdt Partnership · 3 yrs held
Vmdt Partnership
since 2023
5 recorded transactions
Zoning & alternative use
CR · 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%
$6,825,000
6.5%
$6,300,000
7%
$5,850,000
Blend value · Realmo final
$6.60M
Range $5.94M – $7.25M · ±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
$156 / 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
$49,708
Tax year 2023
Assessed value
$1,506,400
Assessed 2023
Previous assessed
$1,506,400
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$268,800
Assessed improvement
$1,237,600
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1981
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
42,290 SF
Lot
4.48 ac (195,149 SF)
Zoning code
CR
APN
07-032.40-029
UPID
US17-0053854
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
CR · Wilmington, DEZoning CR · permitted uses
CR · Wilmington, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1981
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
4.48 ac
Current owner
From public records · entity-resolved
Vmdt Partnership
Entity
Mailing address
1100 1ST AVE, KING OF PRUSSIA, PA 19406-1327
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2023
—
Vmdt Partnership
Realty Income Wilmington Lancaster
Special Warranty Deed
—
Sep 24, 2012
$851,106
Inland Diversified Wilimington Lanc
We App Wilimngton LLC
Deed
—
Nov 16, 2010
—
We App Wilmington LLC
Lancaster Pike Stewart LLC
Grant Deed
—
Aug 7, 2009
—
Pathmark Stores INC
—
Deed Of Trust
related
$260,000,000 · Wilmington Trust Co
—
—
Lancaster Pike Stuart LLC
—
Deed Of Trust
related
$775,000,000 · Bank Of America
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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