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Property profile & analytics
FOR SALE
Medical Office Space
4001 Miller Rd Wilmington, DE 19802
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US17-0055100
For Sale
1 / 10
Contact for pricing
4001 Miller Rd, Wilmington, DE 19802
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1980
Construction
CONCRETE
Total area
6,000 SF
Lot
0.53 ac (23,087 SF)
Zoning code
26M-1
APN
26-003.40-003
UPID
US17-0055100
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
-
Phoenix Physical Therapy Medical Clinic
-
Mckenzie Cred Physician
-
Wilmington 1st Walk-In Medical Clinic
-
Mbwidiffu Dibal Physician
-
Taylor Burge Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.33M
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.20M
Owner & transaction history
Dockside Properties LLC · 7 yrs held
Dockside Properties LLC
since 2019
4 recorded transactions
Zoning & alternative use
26M-1 · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Commercial (general)
$1.2M
+22.6%
Retail stores
$1.2M
+16.4%
Restaurant
$1.0M
+2.6%
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%
$1,445,000
6.5%
$1,330,000
7%
$1,235,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,005,000
Current use
COMMERCIAL (GENERAL)
$1,235,000
Change: +23% · Conversion: Easy
RETAIL STORES
$1,170,000
Change: +16% · Conversion: Difficult
RESTAURANT
$1,030,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,030,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±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
$199 / 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
$18,470
Tax year 2023
Assessed value
$627,200
Assessed 2023
Previous assessed
$627,200
+0.0% YoY
Effective rate
2.94%
On assessed value
Assessed land
$57,700
Assessed improvement
$569,500
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
Medical Office Space
Use group
DENTAL BUILDING
Status
For Sale
Year built
1980
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
2
Total area
6,000 SF
Lot
0.53 ac (23,087 SF)
Zoning code
26M-1
APN
26-003.40-003
UPID
US17-0055100
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
MEDICAL BUILDING Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
RESTAURANT
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.0M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
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
1980
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Lot
0.53 ac
Current owner
From public records · entity-resolved
Dockside Properties LLC
Entity
Mailing address
3001 PHILADELPHIA PIKE, CLAYMONT, DE 19703-2580
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2019
—
Dockside Properties LLC
—
Grant Deed
related
$3,750,000 · Malvern Bk
Mar 27, 2018
—
Dockside Properties LLC
—
Deed
related
$880,000 · Wilmington Svg Fund Societyfsb
—
—
Dockside Properties LLC
—
Deed Of Trust
related
$750,000 · Midcoast Community Bank
—
—
Dockside Properties LLC
—
Loan Modification
related
$880,000 · Wilmington Svg Fund Societyfsb
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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