Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

721 King St Wilmington, DE 19801

OFF-MARKET
Turn key restaurants
Property ID
US17-0234304
1,476 SF 0.04 ac lot Built 1940
Last sale Jun 2026 · $395,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This downtown Wilmington restaurant space, operating as Terra Cafe, covers 1,476 square feet and is configured for sit-down lunch service. The dining area provides 32 table seats and includes a fully equipped kitchen supporting a range of cooking tasks. Service is arranged without a bar and without alcohol sales. The customer approach is primarily pedestrian, with street parking available nearby. The business had operated with limited hours, serving lunch Monday through Thursday from 11:00 AM…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$65k
Assessed land$35k
Assessed improvement$31k
Effective rate3.61%

Value estimate

· Oct 2026
$230k
$207k – $253k
AI approach$300k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
26C-3
JurisdictionNEW CASTLE

Location intelligence

Which uses thrive at this corner?
Best fit: Bakery
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Bakery12.6
Storage Facility12.1
Veterinary Clinic11.5

Location

721 King St Wilmington, DE 19801-3503
County assessor Recorded deeds · 1 transfer 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
225 7th, Wilmington, DE 19801-2238 $200,000 Apr 2024 1,200 SF
821 Madison, Wilmington, DE 19801-1437 $148,000 Dec 2023 1,848 SF
427 Tatnall, Wilmington, DE 19801-2230 $306,000 Sep 2022 1,948 SF
903 Washington, Wilmington, DE 19801 $350,000 Mar 2022 980 SF
725 King, Wilmington, DE 19801-3503 $400,000 Jan 2021 2,000 SF
809 10th, Wilmington, DE 19801-1303 $163,000 Sep 2020 966 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 721 King St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again