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Property profile & analytics
OFF-MARKET
Industrial properties
Hay Rd Wilmington, DE 19809
Entity Owned
Free & Clear
Property ID
US17-0398197
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
0.24 ac (10,454 SF)
Zoning code
HI
APN
06-155.00-006
UPID
US17-0398197
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
First State Generation LLC
First State Generation LLC
since 2026
7 recorded transactions
Zoning & alternative use
HI · Wilmington, 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 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
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 2024Property tax & assessments
Tax year 2024
Assessed value
$500
Assessed 2024
Previous assessed
$500
+0.0% YoY
Assessed land
$500
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
0.24 ac (10,454 SF)
Zoning code
HI
APN
06-155.00-006
UPID
US17-0398197
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
HI · Wilmington, DE
Zoning HI · permitted uses
HI · Wilmington, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wilmington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.24 ac
Current owner
From public records · entity-resolved
First State Generation LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 3288, HOUSTON, TX 77253-3288
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2026
—
First State Generation LLC
Calpine Mid Atlantic Generation LLC
Deed
—
Dec 20, 2024
—
Calpine Mid Atlantic Generation LLC
—
Deed
related
—
Jan 31, 2024
—
Calpine Mid Atlantic Generation LLC
—
Deed
related
—
Jul 21, 2022
—
Calpine Md Atlantic Generation LLC
—
Deed
related
—
Jan 18, 2022
—
Calpine Mid Atlantic Generation LLC
—
Deed
related
$8,100,000 · Mufg Union Bank NA
Dec 21, 2020
—
Calpine Mid-atlantic Generatio
—
Deed
related
$900,000,000 · Mufg Union Bk NA
Dec 23, 2019
—
Calpine Mid-atlantic Generatio
—
Loan Modification
related
$1,250,000,000 · Mufg Union Bk NA
Aug 13, 2019
—
Calpine Mid-atlantic Generatio
—
Deed
related
—
Apr 8, 2019
—
Calpine Mid-atlantic Generatio
—
Loan Modification
related
$1,500,000,000 · Mufg Union Bk NA
May 22, 2018
—
Calpine Mid-atlantic Generatio
—
Loan Modification
related
$219,000,000 · Mufg Union Bk NA
Dec 19, 2017
—
Calpine Mid-atlantic Generatio
—
Loan Modification
related
$560,000,000 · Mufg Union Bk NA
Feb 8, 2017
—
Calpine Mid-atlantic Generatio
—
Deed
related
—
Dec 2, 2016
—
Calpine Mid-atlantic Generatio
—
Loan Modification
related
$1,790,000,000 · Mufg Union Bk NA
Jul 31, 2014
—
Calpine Mid-atlantic Generatio
—
Loan Modification
related
$500,000,000 · Goldman Sachs Cr Ptrs
Jul 9, 2010
—
Calpine Mid-atlantic Generatio
—
Deed Of Trust
related
—
—
—
Calpine Mid-atlantic Generatio
—
Loan Modification
related
$1,240,000,000 · Goldman Sachs Credit Ptrs LP
—
—
Calpine Mid-atlantic Generatio
—
Loan Modification
related
$900,000,000 · Mufg Union Bk NA
—
—
Calpine Mid-atlantic Generatio
—
Loan Modification
related
—
—
—
Calpine Mid-atlantic Generatio
—
Loan Modification
related
—
—
—
Calpine Mid-atlantic Generatio
—
Loan Modification
related
$1,000,000,000 · Goldman Sachs Cr Ptrs
—
—
Calpine Mid-atlantic Generatio
—
Loan Modification
related
—
—
—
Calpine Mid-atlantic Generatio
—
Loan Modification
related
—
—
—
Calpine Mid-atlantic Generatio
—
Deed Of Trust
related
—
—
—
Calpine Mid-atlantic Generatio
—
Deed Of Trust
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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