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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Retail space
5988 Smt Brg Rd Townsend, DE 19734-9434
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US17-0157640
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Construction
STONE
Total area
6,111 SF
Lot
0.83 ac (36,155 SF)
Zoning code
25C
APN
25-002.00-096
UPID
US17-0157640
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$910k
Comparable Approach
Comparable
$914k
Blend (final)
Blend
$675k
Owner & transaction history
Jigneshkumar J Desai · 21 yrs held
Jigneshkumar J Desai
since 2004
6 recorded transactions
Zoning & alternative use
25C · Townsend, 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 Townsend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Townsend 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%
$985,000
6.5%
$910,000
7%
$845,000
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$110 / 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
$6,461
Tax year 2023
Assessed value
$207,300
Assessed 2023
Previous assessed
$207,300
+0.0% YoY
Effective rate
3.12%
On assessed value
Assessed land
$18,700
Assessed improvement
$188,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2017
Construction
STONE
Heating
YES
Cooling
YES
Stories
1
Total area
6,111 SF
Lot
0.83 ac (36,155 SF)
Zoning code
25C
APN
25-002.00-096
UPID
US17-0157640
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
25C · Townsend, DE
Zoning 25C · permitted uses
25C · Townsend, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Townsend. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2017
Construction
STONE
Heating
YES
Cooling
Yes
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Jigneshkumar J Desai
Individual
Mailing address
5988 SMT BRG RD, TOWNSEND, DE 19734-9434
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
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
Jul 6, 2022
—
Jigneshkumar J Desai
—
Deed
related
$1,192,000 · Artisans Bank
Jul 18, 2018
—
Jigneshkumar J Desai
—
Deed
related
$400,000 · Wilmington Savings Fund Society Fsb
Oct 17, 2017
—
Jigneshkumar J Desai
—
Deed
related
$180,000 · Wilmington Savings Fund Society Fsb
Nov 29, 2016
—
Jigneshkumar J Desai
—
Trustees Deed
related
$820,758 · Wilmington Svg Fund Societyfsb
Sep 16, 2004
$10
Jigneshkumar J Desai
Moore,charles J & Diana
Grant Deed
related
$200,000 · Home Loan & Investment Bank Fs
—
—
Jigneshkumar J Desai
—
Deed Of Trust
related
$290,000 · Wachovia Bank Of Delaware 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.
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