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Property profile & analytics
OFF-MARKET
Parking lots & garages
900 Lk Seymour Dr Middletown, DE 19709
Entity Owned
8-yr Hold
Free & Clear
Property ID
US17-0144271
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2016
Construction
CONCRETE
Total area
1,701 SF
Lot
8.76 ac (381,586 SF)
Zoning code
23C-3
APN
23-022.00-086
UPID
US17-0144271
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ajaxcap Development I LLC · 8 yrs held
Ajaxcap Development I LLC
since 2017
6 recorded transactions
Zoning & alternative use
23C-3 · Middletown, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$138,771
Tax year 2023
Assessed value
$4,506,000
Assessed 2023
Previous assessed
$4,506,000
+0.0% YoY
Effective rate
3.08%
On assessed value
Assessed land
$381,600
Assessed improvement
$4,124,400
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2016
Construction
CONCRETE
Heating
NONE
Buildings
11
Stories
1
Total area
1,701 SF
Lot
8.76 ac (381,586 SF)
Zoning code
23C-3
APN
23-022.00-086
UPID
US17-0144271
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
23C-3 · Middletown, DEZoning 23C-3 · permitted uses
23C-3 · Middletown, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2016
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
11
Lot
8.76 ac
Current owner
From public records · entity-resolved
Ajaxcap Development I LLC
Entity
Free & Clear · 8 yrs held
Mailing address
105 FOULK RD, WILMINGTON, DE 19803-3740
Ownership since
2017
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
Sep 13, 2017
—
Ajaxcap Development I LLC
Ajaxcap Development LLC
Deed
—
Nov 26, 2014
—
Ajaxcap Dev LLC
Parkway Unimproved Th Lots LLC
Grant Deed
related
$1,326,000 · M&t Bk
Oct 9, 2012
$540,000
Parkway Apt Lots II LLC
PC Builders LLC
Deed
$42,750 · M & T Bank
Nov 25, 2008
$2,376,000
PC Builders LLC
Lifestyle Land Development Company
Deed
$2,955,000 · Wilmington Trust Co
May 9, 2007
—
Lifestyle Land Dev Co LLC
Owner,record
Grant Deed
—
—
—
Ajaxcap Dev LLC
—
Deed Of Trust
related
$24,979 · 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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