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Property profile & analytics
OFF-MARKET
Retail space
601 Maryland Ave A Wilmington, DE 19805-4428
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US17-0276540
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Construction
CONCRETE
Total area
371 SF
Lot
0.02 ac (871 SF)
Zoning code
26C-2
APN
26-042.10-543
UPID
US17-0276540
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
-
Tune Room Recording Studio
-
Express Wings & Pizzeria Restaurant
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
Fred & Freb Services LLC · 1 yrs held
Fred & Freb Services LLC
since 2024
6 recorded transactions
Zoning & alternative use
26C-2 · 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
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
$451
Tax year 2023
Assessed value
$12,500
Assessed 2023
Previous assessed
$12,500
+0.0% YoY
Effective rate
3.61%
On assessed value
Assessed land
$2,600
Assessed improvement
$9,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1930
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
1
Total area
371 SF
Lot
0.02 ac (871 SF)
Zoning code
26C-2
APN
26-042.10-543
UPID
US17-0276540
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
26C-2 · Wilmington, DE
Zoning 26C-2 · permitted uses
26C-2 · 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.
Building & site characteristics
From public records
Year built
1930
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
0.02 ac
Current owner
From public records · entity-resolved
Fred & Freb Services LLC
Entity
Mailing address
920 N OLD WILMINGTON RD STE B, HOCKESSIN, DE 19707-9564
Ownership since
2024
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
Aug 1, 2024
—
Fred & Freb Services LLC
Yireh Properties LLC
Special Warranty Deed
$140,000 · Shallcross Mortgage Company
May 12, 2022
—
Yireh Properties LLC
Zahrarealty LLC
Deed
$85,000 · James T Hailstone Etal
Aug 10, 2020
$78,000
Saunders Dev LLC
Max T LLC
Grant Deed
—
Feb 7, 2017
$17,500
Max T LLC
Brayman,ronald L
Grant Deed
—
Nov 14, 2006
$76,900
Ronald L Brayman
Dominic A Ciconte
Deed
$61,520 · Wilmington Savings Fund Society Fsb
—
—
Max T LLC
—
Deed Of Trust
related
$80,000 · Kayatta Mary G Trust (pt)
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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