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Property profile & analytics
FOR LEASE
Office Spaces
4250 Lancaster Pike Wilmington, DE 19805
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US17-0250459
For Lease
1 / 2
$5,655,000
4250 Lancaster Pike, Wilmington, DE 19805
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2001
Construction
CONCRETE
Total area
33,435 SF
Lot
5.92 ac (257,875 SF)
Zoning code
OR
APN
07-032.40-122
UPID
US17-0250459
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
-
BAYADA Adult Nursing Home Health Care Service Employment Agency
-
BDO Accounting Firm Tax Preparation
-
Brown Brothers Harriman & Co Financial Advisor
-
BAYADA Home Health Home Health Care Service Employment Agency
-
DupontDE Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.24M
Comparable Approach
Comparable
$6.47M
Blend (final)
Blend
$5.66M
Owner & transaction history
Chestnut Run Holdings LLC · 3 yrs held
Chestnut Run Holdings LLC
since 2022
3 recorded transactions
Zoning & alternative use
OR · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.9M
+33.5%
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%
$5,680,000
6.5%
$5,240,000
7%
$4,870,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,160,000
Current use
RETAIL STORES
$6,890,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$5.66M
Range $5.09M – $6.22M · ±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
$169 / 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
$174,257
Tax year 2023
Assessed value
$5,280,800
Assessed 2023
Previous assessed
$5,280,800
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$355,200
Assessed improvement
$4,925,600
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
2001
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
3
Total area
33,435 SF
Lot
5.92 ac (257,875 SF)
Zoning code
OR
APN
07-032.40-122
UPID
US17-0250459
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
OR · Wilmington, DE
Zoning OR · permitted uses
OR · 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
COMMERCIAL (GENERAL) Current
Est. value
$5.2M
RETAIL STORES
Est. value
$6.9M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
2001
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
3
Lot
5.92 ac
Current owner
From public records · entity-resolved
Chestnut Run Holdings LLC
Entity
Mailing address
300 WATER ST STE #300, WILMINGTON, DE 19801-5046
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2022
—
Chestnut Run Holdings LLC
Wbcmt 2006 C29 Office 4250 LLC
Special Warranty Deed
$11,960,000 · Univest Bank & Trust Co
Mar 29, 2017
$8,600,000
Wbcmt 2006-c29 Office 4250 LLC
Sheriff Of New Castle County|chestnut Run Investor
Trustees Deed
related
—
Nov 3, 2006
—
Chestnut Run Investors LLC
Chestnut Run Associates LLC
Deed
$18,400,000 · Wachovia 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.
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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