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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Retail space
6949 Lancaster Pike Hockessin, DE 19707-9597
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US17-0307829
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1988
Construction
CONCRETE
Total area
3,960 SF
Lot
1.85 ac (80,586 SF)
Zoning code
CN
APN
08-013.40-095
UPID
US17-0307829
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
-
The Well Coffeehouse and Marketplace Cafe & Coffee Shop
-
Safe Harbor Christian Counseling Marriage Or Relationship Counselor Mental Health Service
-
Trinity Celebrate Recovery Cafe & Coffee Shop
-
Trinity Community Church at The Well Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$590k
Comparable Approach
Comparable
$582k
Blend (final)
Blend
$625k
Owner & transaction history
Well Coffee House · 17 yrs held
Well Coffee House
since 2009
7 recorded transactions
Zoning & alternative use
CN · Hockessin, 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 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%
$640,000
6.5%
$590,000
7%
$550,000
Alternative Use
Use
Estimation
RETAIL STORES
$905,000
Current use
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$158 / 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
$5,488
Tax year 2023
Assessed value
$220,900
Assessed 2023
Previous assessed
$220,900
+0.0% YoY
Effective rate
2.48%
On assessed value
Assessed land
$105,000
Assessed improvement
$115,900
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
1988
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
2
Total area
3,960 SF
Lot
1.85 ac (80,586 SF)
Zoning code
CN
APN
08-013.40-095
UPID
US17-0307829
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
CN · Hockessin, DEZoning CN · permitted uses
CN · Hockessin, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$905,000
RETAIL STORES Current
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
1988
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Lot
1.85 ac
Current owner
From public records · entity-resolved
Well Coffee House
Individual
Mailing address
6949 LANCASTER PIKE, HOCKESSIN, DE 19707-9597
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
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
Oct 1, 2019
—
Well Coffee House And Market Place
—
Deed
related
$1,000,000 · Heritage Investment Services Fund INC
Oct 30, 2017
—
Well Coffee Hse & Market Place
—
Deed
related
$1,000,000 · Heritage Investment Services Fund INC Heritage Investment Services Fund INC
May 20, 2016
—
Well Coffee House & Market Pla
—
Deed
related
$7,000,000 · Heritage Investment Services Fund INC Heritage Investment Services Fund INC
Jul 13, 2009
—
Well Coffee House
Stone,thomas J
Grant Deed
$1,440,000 · Thomas J Stone
—
—
Well Coffee House
—
Deed Of Trust
related
$1,900,000 · Heritage Investment Svcs Fund
—
—
Well Coffee House & Market Pla
—
Deed Of Trust
related
$7,000,000 · Heritage Investment Services Fund INC Heritage Investment Services Fund INC
—
—
Well Coffee Hse & Market Place
—
Deed Of Trust
related
$1,000,000 · Heritage Investment Services Fund INC Heritage Investment Services Fund INC
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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