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Property profile & analytics
FOR LEASE
Office Spaces
800 N King St Wilmington, DE 19801
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US17-0175695
For Lease
1 / 2
Contact for pricing
800 N King St, Wilmington, DE 19801
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Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1972
Construction
ADOBE
Total area
14,258 SF
Lot
0.83 ac (36,155 SF)
Zoning code
26C-4
APN
26-035.40-081
UPID
US17-0175695
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
-
Law Office of John V. Work Law Firm
-
ECO8 Marketing & Advertising IT Consulting Firm
-
Ian Connor Bifferato Law Firm
-
Law Offices Law Firm
-
WEB Fund Corporate Office Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.24M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.97M
Owner & transaction history
Cpt Ents LLC · 11 yrs held
Cpt Ents LLC
since 2014
6 recorded transactions
Zoning & alternative use
26C-4 · Wilmington, DE
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%
$2,420,000
6.5%
$2,235,000
7%
$2,075,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,945,000
Current use
RETAIL STORES
$2,940,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$2.97M
Range $2.67M – $3.27M · ±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
$208 / 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
$210,813
Tax year 2023
Assessed value
$5,845,700
Assessed 2023
Previous assessed
$5,845,700
+0.0% YoY
Effective rate
3.61%
On assessed value
Assessed land
$2,169,300
Assessed improvement
$3,676,400
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1972
Construction
ADOBE
Heating
YES
Cooling
YES
Stories
6
Total area
14,258 SF
Lot
0.83 ac (36,155 SF)
Zoning code
26C-4
APN
26-035.40-081
UPID
US17-0175695
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
26C-4 · Wilmington, DEZoning 26C-4 · permitted uses
26C-4 · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.9M
RETAIL STORES
Est. value
$2.9M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1972
Construction
ADOBE
Heating
YES
Cooling
Yes
Stories
6
Lot
0.83 ac
Current owner
From public records · entity-resolved
Cpt Ents LLC
Entity
Free & Clear · 11 yrs held
Mailing address
2490 VLG RD, LANGHORNE, PA 19047-8132
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2017
—
Cpt Ents LLC
—
Deed
related
$500,000 · Citizens Bk/pa
Jun 16, 2017
—
Cpt Ents LLC
—
Deed
related
$2,000,000 · Citizens Bk/pa
Sep 19, 2014
—
Cpt Ents LLC
King Street Plaza LLC
Grant Deed
related
—
Jul 26, 2006
$11,300,000
King Street Plaza LLC
King Street Associates LLC
Deed
$10,500,000 · Ixis Real Estate Capital INC
—
—
Cpt Ents LLC
—
Deed Of Trust
related
$2,000,000 · Citizens Bk/pa
—
—
Cpt Ents LLC
—
Deed Of Trust
related
$500,000 · Citizens Bk/pa
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?”
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