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Property profile & analytics
OFF-MARKET
Estimated value
$7,085,000
Parking lots & garages
630 Basher Ln Hockessin, DE 19707
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US17-0497789
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2006
Construction
BRICK
Total area
51,060 SF
Lot
1.18 ac (51,401 SF)
Zoning code
CR
APN
08-012.00-011
UPID
US17-0497789
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
by Request
Comparable Approach
Comparable
$7.09M
Blend (final)
Blend
$7.09M
Owner & transaction history
Eastern Athletic Clubs Realty LLC · 1 yrs held
Eastern Athletic Clubs Realty LLC
since 2024
Last sale
$10
6 recorded transactions
Zoning & alternative use
CR · Hockessin, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.0M
+59.2%
Restaurant
$7.7M
+53.5%
Commercial (general)
$7.2M
+43.5%
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 Hockessin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hockessin 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
$4,995,000
Current use
MEDICAL BUILDING
$7,950,000
Change: +59% · Conversion: Difficult
RESTAURANT
$7,670,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,165,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$6,985,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,175,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$7.09M
Range $6.38M – $7.79M · ±10% · vs last sale $10 (Oct 16 2024)
Last sale anchor
$10
Oct 16 2024
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
$139 / 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
Assessed value
$1,233,200
Assessed 2023
Previous assessed
$1,233,200
+0.0% YoY
Assessed land
$13,000
Assessed improvement
$1,220,200
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
2006
Construction
BRICK
Heating
NONE
Stories
2
Total area
51,060 SF
Lot
1.18 ac (51,401 SF)
Zoning code
CR
APN
08-012.00-011
UPID
US17-0497789
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
CR · Hockessin, DE
Zoning CR · permitted uses
CR · Hockessin, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hockessin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$8.0M
RESTAURANT
Est. value
$7.7M
COMMERCIAL (GENERAL)
Est. value
$7.2M
RETAIL STORES
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$6.2M
PARKING LOT Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
2006
Construction
BRICK
Heating
NONE
Stories
2
Lot
1.18 ac
Current owner
From public records · entity-resolved
Eastern Athletic Clubs Realty LLC
Entity
Mailing address
100 FITNESS WAY, HOCKESSIN, DE 19707-2423
Mailing matches property
Yes
Owner-occupied
Yes
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
Jun 18, 2025
—
Eastern Athletic Clubs Realty LLC
—
Deed
related
$1,500,000 · First Citizens Community Bank
Oct 16, 2024
—
Eastern Athletic Clubs Realty LLC
The Department Of Transportation
Quit Claim Deed
related
—
Jun 15, 2022
—
Eastern Athletic Clubs Realty LLC
—
Deed
related
$17,125 · First Citizens Community Bank
Sep 21, 2017
—
Eastern Athletic Clubs Realty
—
Loan Modification
related
$25,500,000 · Bank Of America
Apr 7, 2005
$10
Athletics Clubs Realty I Eastern
Mcgrellis,john J III
Grant Deed
—
—
—
Eastern Athletic Clubs Realty
—
Deed Of Trust
related
$25,000,000 · Bank Of America
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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