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Property profile & analytics
OFF-MARKET
Estimated value
$1,760,000
Parking lots & garages
612 11th St Wilmington, DE 19801
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US17-0162166
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1987
Construction
BRICK
Total area
21,450 SF
Lot
0.62 ac (27,007 SF)
Zoning code
26C-4
APN
26-028.30-231
UPID
US17-0162166
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
-
700 Delaware Ave Garage Parking Lot & Garage
-
Corporate Plaza Garage Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.76M
Owner & transaction history
Oak Street Investment Grade Net Lea · 5 yrs held
Oak Street Investment Grade Net Lea
since 2020
7 recorded transactions
Zoning & alternative use
26C-4 · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+55.6%
Warehouse, storage
$1.6M
+30.9%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$1,185,000
Current use
AUTO REPAIR, GARAGE
$1,845,000
Change: +56% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,555,000
Change: +31% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,095,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.76M
Range $1.58M – $1.94M · ±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
$82 / 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
$169,287
Tax year 2023
Assessed value
$4,694,200
Assessed 2023
Previous assessed
$4,694,200
+0.0% YoY
Effective rate
3.61%
On assessed value
Assessed land
$919,000
Assessed improvement
$3,775,200
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1987
Construction
BRICK
Heating
NONE
Stories
10
Total area
21,450 SF
Lot
0.62 ac (27,007 SF)
Zoning code
26C-4
APN
26-028.30-231
UPID
US17-0162166
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
26C-4 · Wilmington, DE
Zoning 26C-4 · permitted uses
26C-4 · 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
PARKING LOT Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
PARKING LOT Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1987
Construction
BRICK
Heating
NONE
Stories
10
Lot
0.62 ac
Current owner
From public records · entity-resolved
Oak Street Investment Grade Net Lea
Entity
Mailing address
125 S WACKER DR STE #1220, CHICAGO, IL 60606-4430
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2020
—
Oak Street Investment Grade Net Lea
Code002 LLC
Special Warranty Deed
—
May 25, 2017
—
Code002 LLC
Eads Spe LLC
Deed
$20,400,000 · Citizens Bank NA
Apr 19, 2017
—
Eads Spe LLC
—
Grant Deed
related
$10,000,000 · Wilmington Svg Fund Societyfsb
Nov 1, 2016
—
Eads Spe LLC
—
Grant Deed
related
$10,000,000 · Wilmington Svg Fund Societyfsb
Jun 1, 2012
—
Eads Spe LLC
Eugene A Delle Donne & Son LP
Grant Deed
—
—
—
Eugene A Delle Donne
—
Deed Of Trust
related
$6,500,000 · Wachovia Bank NA
—
—
Eads Spe LLC
—
Deed Of Trust
related
$5,200,000 · Aviva Life & Annuity Co
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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