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Property profile & analytics
OFF-MARKET
Estimated value
$2,360,000
Hotels
760 Justison St Wilmington, DE 19801-5141
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US17-0160687
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2019
Construction
BRICK
Total area
26,584 SF
Lot
2.08 ac (90,605 SF)
Zoning code
26W4
APN
26-049.00-003
UPID
US17-0160687
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
-
Riverfront Events Hotel & Motel Resort
-
Hyatt Place Wilmington Riverfront Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.28M
Comparable Approach
Comparable
$2.45M
Blend (final)
Blend
$2.36M
Owner & transaction history
Riverfront Hotel LLC · 5 yrs held
Riverfront Hotel LLC
since 2020
7 recorded transactions
Zoning & alternative use
26W4 · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.3M
+28.8%
Warehouse, storage
$1.9M
+8.4%
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 Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmington 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%
$2,460,000
6.5%
$2,275,000
7%
$2,110,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,775,000
Current use
AUTO REPAIR, GARAGE
$2,290,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,925,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$2.36M
Range $2.12M – $2.60M · ±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
$89 / 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
Assessed value
$6,950,800
Assessed 2023
Previous assessed
$6,950,800
+0.0% YoY
Assessed land
$83,200
Assessed improvement
$6,867,600
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2019
Construction
BRICK
Heating
YES
Cooling
YES
Stories
6
Total area
26,584 SF
Lot
2.08 ac (90,605 SF)
Zoning code
26W4
APN
26-049.00-003
UPID
US17-0160687
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
26W4 · Wilmington, DE
Zoning 26W4 · permitted uses
26W4 · Wilmington, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wilmington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$1.9M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2019
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
6
Lot
2.08 ac
Current owner
From public records · entity-resolved
Riverfront Hotel LLC
Entity
Free & Clear · 5 yrs held
Mailing address
150 ONIX DR, KENNETT SQUARE, PA 19348-1886
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2020
—
Riverfront Hotel LLC
Riverfront Dev Corp Of Delaware
Quit Claim Deed
related
—
Sep 13, 2018
—
Riverfront Hotel LLC
—
Deed
related
$18,250,000 · M&t Bk
Jun 13, 2018
—
Riverfront Hotel LLC
Riverfront Dev Corp Of Delawar
Quit Claim Deed
related
—
May 12, 2014
$1,700,000
Riverfront Development Corporation
Amer Riverfront LLC
Deed
—
Sep 30, 2011
—
Amer Riverfront LLC
Amer,ahmad E
Quit Claim Deed
—
Dec 26, 2007
—
Riverfront Dev Corp Of Delaware
Shipyard Center LLC
Grant Deed
related
—
—
—
Riverfront Hotel LLC
—
Deed Of Trust
related
$18,250,000 · M&t Bk
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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