Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,175,000
Grocery and convenience stores
800 4th St Wilmington, DE 19801-2055
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US17-0481180
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1985
Construction
CONCRETE
Total area
31,615 SF
Lot
4.2 ac (182,952 SF)
Zoning code
26C-2
APN
26-034.40-140
UPID
US17-0481180
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
-
Metro by T-Mobile Telecommunications Service
-
America's Best Wings Restaurant
-
Adams Four Great Valu Specialty Food Shop Supermarket
-
L Laundromat (Bike/Boat/Book/etc) Store
-
Mutalub O. Onaneye, BPharm Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.71M
Comparable Approach
Comparable
$8.28M
Blend (final)
Blend
$7.18M
Owner & transaction history
Adams Four Associates LP · 21 yrs held
Adams Four Associates LP
since 2004
7 recorded transactions
Zoning & alternative use
26C-2 · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Commercial (general)
$6.5M
+0.3%
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%
$5,100,000
6.5%
$4,710,000
7%
$4,370,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,515,000
Current use
COMMERCIAL (GENERAL)
$6,535,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$7.18M
Range $6.46M – $7.89M · ±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
$227 / 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
$99,194
Tax year 2023
Assessed value
$3,641,100
Assessed 2023
Previous assessed
$3,641,100
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$721,800
Assessed improvement
$2,919,300
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
7
Stories
1
Total area
31,615 SF
Lot
4.2 ac (182,952 SF)
Zoning code
26C-2
APN
26-034.40-140
UPID
US17-0481180
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
26C-2 · Wilmington, DEZoning 26C-2 · permitted uses
26C-2 · Wilmington, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$6.5M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1985
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
7
Lot
4.2 ac
Current owner
From public records · entity-resolved
Adams Four Associates LP
Entity
Mailing address
PO BOX 176, WYNNEWOOD, PA 19096-0176
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2024
—
Adams Four Associates LP
—
Deed
related
$670,000 · Fulton Bank NA
Sep 10, 2021
—
Adams Four Associates LP
—
Deed
related
$889,700 · Fulton Bank NA
Jan 2, 2018
—
Acv Rad Nnn LLC
—
Loan Modification
related
$5,704,000 · Us Bank NA #2007-ldp11 (ce)
Dec 28, 2016
—
Adams Four Associates LP
—
Grant Deed
related
$8,250,000 · Fulton Bk
Oct 8, 2004
$3,350,000
Adams Four Associates LP
Leon N Weiner & Associates INC
Grant Deed
$3,258,000 · Citizens Federal Bank Fsb
—
—
Adams Four Associates LP
—
Deed Of Trust
related
$642,000 · Citizens Federal Bank Fsb
—
—
Adams Market LLC
—
Deed Of Trust
related
$3,000,000 · Reinvestment Fund
—
—
Adams Four Associates
—
Deed Of Trust
related
$8,200,000 · Cibc INC
—
—
Adams Market LLC
—
Deed Of Trust
related
$5,550,000 · Bancorp 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.
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 800 4th 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.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
