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Property profile & analytics
OFF-MARKET
Specialty properties

623 Heald St Wilmington, DE 19801-5635

3,105 SF 0.13 ac lot Built 1933
Entity Owned 10-yr Hold Free & Clear
Property ID
US17-0106767
Property summary
AI-generated overview

This meticulously maintained 2,236 square foot church, constructed in 1910 and renovated in 2000, presents a unique investment opportunity in Wilmington, Delaware. The property boasts a large first-floor sanctuary with seating for over 100, complemented by a choir loft and pulpit. Additional space includes several smaller offices, ideal for pastoral use or administrative functions. A balcony offers further seating capacity for 40-50 individuals. The building's welcoming atmosphere makes it perfect for religious services and community gatherings. Beyond the main sanctuary, a sizable basement provides extra space for various community events or additional programming. The property sits on a 0.1-acre lot and includes a driveway accommodating two or more vehicles, along with a small backyard and side yard. A new roof was recently installed, ensuring long-term structural integrity. This property is exceptionally well-suited for a special purpose investor seeking a versatile space with significant potential. Its prime location in Wilmington offers easy access to local amenities and a thriving community. The combination of historical charm, modern updates, and ample space makes this an exceptional opportunity.

Property profile
Verified
Property type Specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Year built 1933
Construction CONCRETE
Total area 3,105 SF
Lot 0.13 ac (5,663 SF)
Zoning code 26R-3
APN 26-057.20-061
UPID US17-0106767
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
  • New Covenant Church Church
  • union lodge 21 Volunteer Organization Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
New Covenant Christian Church · 10 yrs held
New Covenant Christian Church
since 2016
1 recorded transaction
2016
$60,000
Zoning & alternative use
26R-3 · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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