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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Banks
7450 Lancaster Pike Hockessin, DE 19707-9352
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US17-0168670
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2000
Construction
CONCRETE
Total area
6,790 SF
Lot
0.94 ac (40,946 SF)
Zoning code
CR
APN
08-007.40-036
UPID
US17-0168670
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
-
Hazel & Honey Beauty co. Spa & Massage Center Alternative Medicine Practice
-
Sherwin-Williams Paint Store Hardware & Home Improvement Building Supply
-
Blush Studio Hair Salon
-
Advanced Aesthetics Medi Spa Spa & Massage Center Alternative Medicine Practice
-
Curt Easton at CrossCountry Mortgage, LLC Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$610k
Blend (final)
Blend
$545k
Owner & transaction history
Rohan 511 Hockessin LLC · 15 yrs held
Rohan 511 Hockessin LLC
since 2011
3 recorded transactions
Zoning & alternative use
CR · Hockessin, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$820,000
+8.1%
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
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$760,000
Current use
AUTO REPAIR, GARAGE
$820,000
Change: +8% · Conversion: Difficult
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
$80 / 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
$21,297
Tax year 2023
Assessed value
$645,400
Assessed 2023
Previous assessed
$645,400
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$102,400
Assessed improvement
$543,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
6,790 SF
Lot
0.94 ac (40,946 SF)
Zoning code
CR
APN
08-007.40-036
UPID
US17-0168670
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
CR · Hockessin, DEZoning CR · permitted uses
CR · 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
FINANCIAL BUILDING Current
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$820,000
FINANCIAL BUILDING Current
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
2000
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.94 ac
Current owner
From public records · entity-resolved
Rohan 511 Hockessin LLC
Entity
Mailing address
2213 CONCORD PIKE, WILMINGTON, DE 19803-2908
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
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
May 20, 2011
$3,300,000
Rohan 511 Hockessin LLC
7450 Lancastere Pike Associates LLC
Deed
$800,000 · Midcoast Community Bank
Jun 6, 2008
—
7450 Lancaster Pike Associates
Owner,record
Grant Deed
—
May 6, 2008
—
7450 Lancaster Pike Associates LLC
Stone Mill LLC
Deed
$1,700,000 · 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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