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Property profile & analytics
FOR LEASE
Warehouses
401 E Marsh Ln Wilmington, DE 19804
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US17-0279684
For Lease
1 / 2
$12,225,000
401 E Marsh Ln, Wilmington, DE 19804
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Construction
CONCRETE
Total area
104,663 SF
Lot
23.5 ac (1,023,660 SF)
Zoning code
20GI
APN
20-007.00-001
UPID
US17-0279684
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
-
Total Trax Inc Car Dealership
-
Sieck Big Box & Wholesale Store
-
SpeedPro Wilmington Marketing & Advertising Printing Service
-
Autopart International Auto Parts Store
-
Bright Light Design Center (Bike/Boat/Book/etc) Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.54M
Comparable Approach
Comparable
$16.54M
Blend (final)
Blend
$12.23M
Owner & transaction history
East Marsh Lane LLC · 5 yrs held
East Marsh Lane LLC
since 2021
5 recorded transactions
Zoning & alternative use
20GI · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$13,585,000
6.5%
$12,540,000
7%
$11,645,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,695,000
Current use
Blend value · Realmo final
$12.23M
Range $11.00M – $13.45M · ±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
$117 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$115,956
Tax year 2024
Assessed value
$3,564,500
Assessed 2024
Previous assessed
$3,564,500
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$465,000
Assessed improvement
$3,099,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1999
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
104,663 SF
Lot
23.5 ac (1,023,660 SF)
Zoning code
20GI
APN
20-007.00-001
UPID
US17-0279684
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
20GI · Wilmington, DE
Zoning 20GI · permitted uses
20GI · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$12.7M
WAREHOUSE, STORAGE Current
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
1999
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
23.5 ac
Current owner
From public records · entity-resolved
East Marsh Lane LLC
Entity
Mailing address
405 MARSH LN STE #1, NEWPORT, DE 19804-2445
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
May 30, 2023
—
East Marsh Lane LLC
—
Deed
related
$36,000,000 · M & T Bank
Jan 26, 2021
—
East Marsh Lane LLC
Between Hdc INC
Deed
—
Dec 1, 2016
—
Hdc INC
—
Deed
related
$9,112,500 · Fulton Bank NA
Sep 29, 2011
—
Hdc INC
—
Deed Of Trust
related
$8,500,000 · M & T Bank
—
—
Hdc INC
—
Deed Of Trust
related
$525,000 · M & T Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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