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Property profile & analytics
OFF-MARKET
Office Spaces
635 Cannery Ln Townsend, DE 19734-9420
Entity Owned
9-yr Hold
Free & Clear
Property ID
US17-0221522
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2005
Construction
BRICK
Total area
2,680 SF
Lot
1.46 ac (63,598 SF)
Zoning code
25C
APN
25-003.00-061
UPID
US17-0221522
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Croker Building Fund LLC · 9 yrs held
Croker Building Fund LLC
since 2016
4 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
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
$4,638
Tax year 2023
Assessed value
$149,600
Assessed 2023
Previous assessed
$149,600
+0.0% YoY
Effective rate
3.10%
On assessed value
Assessed land
$22,300
Assessed improvement
$127,300
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2005
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
2,680 SF
Lot
1.46 ac (63,598 SF)
Zoning code
25C
APN
25-003.00-061
UPID
US17-0221522
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
2005
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
1.46 ac
Current owner
From public records · entity-resolved
Croker Building Fund LLC
Entity
Free & Clear · 9 yrs held
Mailing address
635 CANNERY LN STE A, TOWNSEND, DE 19734-9420
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2016
$585,000
Croker Building Fund LLC
Cannery Holdings LLC
Grant Deed
—
Jan 7, 2014
—
6 Pearl Street LLC
Brg Properties LLC
Deed In Lieu Of Foreclosure
—
Jan 26, 2005
$650,000
Brg Properties LLC
Keeler,daniel J & Kathleen A
Grant Deed
$2,046,500 · Mercantile County Bank
—
—
Brg Properties LLC
—
Deed Of Trust
related
$1,700,000 · Nbrs Financial Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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