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    Property profile & analytics

    7231 Lancaster Pike Hockessin, DE 19707-9271

    • Commercial land
    • 0.73 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 26, 2021
    Location Intelligence
    Property ID
    US17-0257384
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for 7231 Lancaster Pike

    Lot size
    0.73 lot acres
    Zone code
    CR
    Property type
    Commercial land
    APN
    08-008.00-093
    APU
    800800093

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hockessin
    County
    New Castle
    State
    Delaware
    Longitude
    -75.6859
    Latitude
    39.7861
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $723
    $21,900
    $0.00
    $21,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5.96 Acres

      627 Vly Rd

      VACANT COMMERCIAL LAND • 5.96 Acres
      627 Vly Rd, Hockessin, DE 19707-9148
      View Details
    • Value Estimation by Request
      2.21 Acres

      Graves Rd

      VACANT COMMERCIAL LAND • 2.21 Acres
      Graves Rd, Hockessin, DE 19707
      View Details
    • Value Estimation by Request
      0.35 Acres

      1221 Old Lancaster Pike

      VACANT COMMERCIAL LAND • 0.35 Acres
      1221 Old Lancaster Pike, Hockessin, DE 19707-9560
      View Details
    • Value Estimation by Request
      0.21 Acres

      Barley Ml Rd

      VACANT COMMERCIAL LAND • 0.21 Acres
      Barley Ml Rd, Hockessin, DE 19707
      View Details
    • Value Estimation by Request
      1.04 Acres

      646 Yorklyn Rd

      VACANT COMMERCIAL LAND • 1.04 Acres
      646 Yorklyn Rd, Hockessin, DE 19707-9688
      View Details
    • Value Estimation by Request
      10.04 Acres

      1512 Brackenville Rd

      COMMERCIAL (GENERAL) • 10.04 Acres
      1512 Brackenville Rd, Hockessin, DE 19707-9525
      View Details

    Similar Nearby for Sale

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      Expansive Hockessin Land Parcel

      Rare 2.08-acre lot in Hockessin, perfect for building a dream home.
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      Hockessin Specialty Property For Sale

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    Similar Nearby for Lease

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      Stylish 2-bedroom townhome with modern amenities and community features.
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      Three-bedroom, two-and-a-half-bath townhome with updates throughout.
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      Hockessin Office Space For Rent

      Office space for rent in a prime Delaware location.
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    • $200,000
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      Retail Space in Wellington Plaza

      5,400 SF retail space in North Hockessin, Delaware.
      701-723 Ace Memorial Dr, Hockessin, DE 19707
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    • Contact for pricing
      11,700 SF

      Retail Space in Hockessin Center

      Retail property with up to 20,000 SF available for rent.
      120-324 Lantana Dr, Hockessin, DE 19707
      View Details
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    7231 Lancaster Pike
    Hockessin, DE 19707-9271
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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