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Property profile & analytics
OFF-MARKET
Assisted living facilities
5651 Limestone Rd Wilmington, DE 19808-1217
Entity Owned
Free & Clear
Property ID
US17-0196490
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2004
Construction
BRICK
Total area
3,680 SF
Lot
6.41 ac (279,220 SF)
Zoning code
NCPUD
APN
08-030.00-070
UPID
US17-0196490
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
-
Pike Creek Nursing and Rehabilitation Nursing Home
-
Lewis Stephen B MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pike Creek Realty LLC
Pike Creek Realty LLC
since 2026
6 recorded transactions
Zoning & alternative use
NCPUD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$172,214
Tax year 2023
Assessed value
$5,218,900
Assessed 2023
Previous assessed
$5,218,900
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$558,400
Assessed improvement
$4,660,500
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2004
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
3,680 SF
Lot
6.41 ac (279,220 SF)
Zoning code
NCPUD
APN
08-030.00-070
UPID
US17-0196490
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
NCPUD · Wilmington, DEZoning NCPUD · permitted uses
NCPUD · 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
2004
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
6.41 ac
Current owner
From public records · entity-resolved
Pike Creek Realty LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4500 DORR ST, TOLEDO, OH 43615-4040
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2026
$23,750,942
Pike Creek Realty LLC
5651 Limestone Road De Owner LLC
Special Warranty Deed
—
Apr 10, 2023
—
5651 Limestone Road De Owner LLC
Well Pm Properties LLC
Correction Deed
related
—
Dec 29, 2022
—
5651 Limestone Road De Owner LLC
Well Pm Properties LLC
Deed
—
Jan 11, 2017
—
Hcp Properties LP
—
Deed
related
$750,000,000 · Wilmington Tr
Jan 18, 2008
—
Hcr Manorcare Properties LLC
Manorcare Health Services INC
Deed
$300,000,000 · Jpmorgan Chase Bank NA
—
—
Hcp Properties LP
—
Deed Of Trust
related
$750,000,000 · Wilmington Tr
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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