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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Grocery and convenience stores
901 Governors Pla Bear, DE 19701-3047
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US17-0487905
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2012
Construction
STONE
Total area
5,585 SF
Lot
28.89 ac (1,258,448 SF)
Zoning code
CR
APN
10-039.00-039
UPID
US17-0487905
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
$600k
CAP Approach
CAP
$830k
Comparable Approach
Comparable
$685k
Blend (final)
Blend
$705k
Owner & transaction history
Governors Square Associates L · 9 yrs held
Governors Square Associates L
since 2016
5 recorded transactions
Zoning & alternative use
CR · Bear, 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 Bear submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bear 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
$600,000
CAP Approach
CAP Return
Estimation
6%
$900,000
6.5%
$830,000
7%
$770,000
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$126 / 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
$290,499
Tax year 2023
Assessed value
$6,946,800
Assessed 2023
Previous assessed
$6,946,800
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$983,400
Assessed improvement
$5,963,400
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2012
Construction
STONE
Heating
YES
Cooling
YES
Buildings
6
Stories
1
Total area
5,585 SF
Lot
28.89 ac (1,258,448 SF)
Zoning code
CR
APN
10-039.00-039
UPID
US17-0487905
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
CR · Bear, DEZoning CR · permitted uses
CR · Bear, 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
2012
Construction
STONE
Heating
YES
Cooling
Yes
Stories
1
Buildings
6
Lot
28.89 ac
Current owner
From public records · entity-resolved
Governors Square Associates L
Entity
Mailing address
200 CONTINENTAL DR STE #200, NEWARK, DE 19713-4303
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2024
—
Gsa I Spe LLC
—
Deed
related
$56,000,000 · Barclays Capital Real Estate INC
Dec 12, 2016
—
Governors Square Associates L
Governors Square Associates I
Quit Claim Deed
$35,000,000 · Miscellaneous Ins Co
Dec 10, 2012
—
Delaware Restaurants LP
—
Deed Of Trust
related
$21,250,000 · Rbs Citizens Bank NA
Feb 6, 2007
—
Governors Square Associates I Spe L
Governors Square Associates LP
Deed
$34,320,000 · Wachovia Bank NA
Sep 2, 1997
$10
New Castle County Co
Governor's Square Assocaites LP
Grant Deed
related
—
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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