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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Specialty properties
7230 Lancaster Pike Hockessin, DE 19707-9263
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US17-0195806
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1979
Construction
CONCRETE
Total area
4,824 SF
Lot
1.68 ac (73,181 SF)
Zoning code
ON
APN
08-008.30-094
UPID
US17-0195806
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
-
Casper Jason Social Service Agency
-
Shanosk Carl W Social Service Agency
-
Chandler Funeral Homes & Crematory Cremation Service Funeral Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$904k
Blend (final)
Blend
$650k
Owner & transaction history
Chandler Funeral Home Of Hockessin · 12 yrs held
Chandler Funeral Home Of Hockessin
since 2013
3 recorded transactions
Zoning & alternative use
ON · Hockessin, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$750,000
+4.1%
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
$400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL)
$720,000
Current use
MEDICAL BUILDING
$750,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$675,000
Change: -6% · Conversion: Difficult
RETAIL STORES
$660,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$585,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$135 / 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
$12,840
Tax year 2023
Assessed value
$389,100
Assessed 2023
Previous assessed
$389,100
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$61,000
Assessed improvement
$328,100
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
1
Total area
4,824 SF
Lot
1.68 ac (73,181 SF)
Zoning code
ON
APN
08-008.30-094
UPID
US17-0195806
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
ON · Hockessin, DE
Zoning ON · permitted uses
ON · 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
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL) Current
Est. value
$720,000
MEDICAL BUILDING
Est. value
$750,000
COMMERCIAL (GENERAL)
Est. value
$675,000
RETAIL STORES
Est. value
$660,000
AUTO REPAIR, GARAGE
Est. value
$585,000
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL) Current
MEDICAL BUILDING
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
1979
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
1.68 ac
Current owner
From public records · entity-resolved
Chandler Funeral Home Of Hockessin
Individual
Mailing address
2506 CONCORD PIKE, WILMINGTON, DE 19803-5003
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2021
—
Chandler Funeral Home Of Hockessin
—
Deed
related
$6,700,000 · Meridian Bank
Dec 26, 2017
—
Chandler Funeral Home Of Hockessin
—
Deed
related
$150,000 · Midcoast Community Bank
Oct 9, 2013
$700,000
Chandler Funeral Home Of Hockessin
James T Chandler &son INC
Deed
$2,140,000 · Midcoast Community 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.
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