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    Property profile & analytics

    905 Orange St Wilmington, DE 19801-1603

    • Retail residential properties
    • 1,262 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Last Sale
    Feb 07, 2025
    Location Intelligence
    Property ID
    US17-0082792
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail residential properties

    Property Details for 905 Orange St

    Year built
    1920
    Construction
    CONCRETE
    Lot size
    0.04 lot acres
    Property size
    1,262 SF
    Zone code
    26C-4
    Property type
    Retail residential properties
    APN
    26-035.20-020
    APU
    2603520020

    Description

    Exceptional investment opportunity in Wilmington, DE! This prime mixed-use building at 905 N Orange St. boasts 6,673 square feet across three stories, built in 1903. The ground floor houses a thriving jazz bar with a taproom liquor license, included in the sale. A leased apartment on the second floor provides immediate rental income. The third floor offers an unfinished apartment, ready for customization to maximize rental potential or create additional living space. The building sits on a 0.04-acre lot and is zoned 26C-4. The total asking price is $790,000, encompassing both the building ($495,000) and the established jazz bar business ($295,000). The building has three units and is currently occupied. The property is expected to be available on November 14, 2024. This presents a unique chance to acquire a profitable, established business alongside a versatile multi-unit property in a desirable location. The building's historic charm combined with its income-generating potential makes this an attractive investment for discerning buyers. The sale of the building includes the jazz bar business

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $370,000
      6.5%
      $315,000
      7%
      $310,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $390,000
      Geo Method
      $305,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $320,000
      Retail
      $335,000
      Mixed-Use
      $280,000
      Hospitality
      $320,000
      Educational
      $270,000
      Residential Income
      $330,000
      Energy
      $285,000
      Income-Based Land
      $305,000
      Food Service
      $365,000

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5497
    Latitude
    39.7456
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $83,600
    $98,900
    $182,500
    -
    $0.00
    $0.00
    $0.00

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    905 Orange St
    Wilmington, DE 19801-1603
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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