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Property profile & analytics
FOR SALE
Commercial real estate
124 Clinton St Delaware City, DE 19706
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US17-0192290
For Sale
1 / 26
$570,000
124 Clinton St, Delaware City, DE 19706
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2002
Construction
CONCRETE
Total area
2,048 SF
Lot
0.11 ac (4,792 SF)
Zoning code
22C-1
APN
22-007.00-097
UPID
US17-0192290
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
-
Forged Creations Metal Fabrication Plant General Contractor
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
Taste 302 LLC · 2 yrs held
Taste 302 LLC
since 2023
6 recorded transactions
Zoning & alternative use
22C-1 · Delaware City, 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 Delaware City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delaware City 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
$1,396
Tax year 2023
Assessed value
$49,800
Assessed 2023
Previous assessed
$49,800
+0.0% YoY
Effective rate
2.80%
On assessed value
Assessed land
$4,800
Assessed improvement
$45,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
2002
Construction
CONCRETE
Heating
NONE
Stories
2
Total area
2,048 SF
Lot
0.11 ac (4,792 SF)
Zoning code
22C-1
APN
22-007.00-097
UPID
US17-0192290
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
22C-1 · Delaware City, DE
Zoning 22C-1 · permitted uses
22C-1 · Delaware City, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Delaware City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Construction
CONCRETE
Heating
NONE
Stories
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Taste 302 LLC
Entity
Mailing address
192 BEAR CHRISTIANA RD #121, BEAR, DE 19701-1196
Ownership since
2023
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
Oct 27, 2023
—
Taste 302 LLC
Dionne Rhoades
Deed
$400,000 · Del-one FCU
Aug 13, 2014
—
Kerry A Rhoades
Kerry A Rhoades
Intrafamily Transfer
related
$175,000 · Artisans Bank
Jan 14, 2002
—
Creations LLC|rhoades Kerry Forged
—
Trustees Deed
related
$37,000 · First State Community Loan Fun
—
—
Kerry A Rhoades
—
Deed Of Trust
related
$29,365 · John G SR Pichette
—
—
Kerry A Rhoades
—
Deed Of Trust
related
$150,000 · Shallcross Mortgage Co
—
—
Kerry A Rhoades
—
Deed Of Trust
related
$175,000 · Artisans 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?”
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