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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Retail residential properties
70 Clinton St Delaware City, DE 19706-7702
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US17-0251148
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1899
Construction
CONCRETE
Total area
2,400 SF
Lot
0.15 ac (6,534 SF)
Zoning code
22C-1
APN
22-007.00-122
UPID
US17-0251148
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 Saltbox (Bike/Boat/Book/etc) Store
-
Innovations Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$375k
Comparable Approach
Comparable
$744k
Blend (final)
Blend
$545k
Owner & transaction history
Delaware Holding LLC · 4 yrs held
Delaware Holding LLC
since 2022
7 recorded transactions
Zoning & alternative use
22C-1 · Delaware City, 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 Delaware City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delaware City 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%
$410,000
6.5%
$375,000
7%
$350,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$675,000
Current use
RETAIL STORES
$550,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$227 / 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
$2,865
Tax year 2023
Assessed value
$102,200
Assessed 2023
Previous assessed
$102,200
+0.0% YoY
Effective rate
2.80%
On assessed value
Assessed land
$12,400
Assessed improvement
$89,800
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1899
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
3
Total area
2,400 SF
Lot
0.15 ac (6,534 SF)
Zoning code
22C-1
APN
22-007.00-122
UPID
US17-0251148
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
22C-1 · Delaware City, DE
Zoning 22C-1 · permitted uses
22C-1 · Delaware City, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Delaware City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$675,000
RETAIL STORES
Est. value
$550,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1899
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
3
Lot
0.15 ac
Current owner
From public records · entity-resolved
Delaware Holding LLC
Entity
Mailing address
PO BOX 531, DELAWARE CITY, DE 19706-0531
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2022
—
Delaware Holding LLC
—
Deed
related
$870,000 · Artisans Bank
Dec 29, 2016
—
Delaware Holding LLC
—
Grant Deed
related
$1,065,000 · Wilmington Svg Fund Societyfsb
Feb 27, 2013
—
Delaware Holding LLC
—
Deed Of Trust
related
$3,000,000 · M & T Bank
Aug 17, 2010
—
Delaware Holding LLC
—
Deed Of Trust
related
$1,227,000 · Wilmington Trust Co
—
—
Delaware Holding LLC
—
Deed Of Trust
related
$137,000 · Wilmington Trust Co
—
—
Delaware Holding LLC
—
Deed Of Trust
related
$227,914 · M & T Bank
—
—
Delaware Holding LLC
—
Deed Of Trust
related
$290,000 · M & T Bank
—
—
Delaware Holdings LLC
—
Deed Of Trust
related
$137,000 · Wilmington Trust 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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