275 RESEARCH PKWY
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Location
275 RESEARCH PKWY
Mblu
0917/ 0322/ 003C/ 0000/
Acct#
15674
Owner
275 RESEARCH PKWY LLC
Total Market Value
$8,748,300
Appraisal
$12,497,500
PID
15674
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$10,282,000$2,215,500$12,497,500
Assessment
Valuation YearImprovementsLandTotal
2025$7,197,400$1,550,900$8,748,300

Owner of Record
Owner275 RESEARCH PKWY LLC
Co-Owner
Address2093 PHILADELPHIA PIKE STE 8770
CLAYMONT, DE 19703
Sale Price$5,600,000
Book & Page 5431/546
Sale Date08/26/2021
Instrument07
QualifiedU

Ownership History
Ownership History
OwnerSale PriceBook & PageInstrumentSale Date
275 RESEARCH PKWY LLC$5,600,0005431/5460708/26/2021
GIRI MERIDEN LLC$3,300,0004734/02451310/19/2012

Building Information
Building 1 : Section 1
Year Built: 2005
Living Area: 115,951
Replacement Cost: $20,140,759
Building Percent Good: 50
Replacement Cost
Less Depreciation:
$10,070,400
Building Attributes
FieldDescription
StyleApartment, Comm
ModelComm/Ind
GradeB+
Stories6
Occupancy1
Exterior Wall 1Stucco/Masonry
Exterior Wall 2 
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Drywall
Interior Wall 2 
Interior Floor 1Laminated Wood
Interior Floor 2 
Heat FuelGas
Heat TypeForced Hot Air
AC TypeCentral
Bldg UseCommercial
Total Rooms 
Total Bedrooms 
Total Full Bath(s)80
Total Half Bath(s)8
Extra Fixture(s)0
Fireplace(s)0
Extra Opening(s) 
Gas Fireplace(s) 
WS Flues0
Heat/ACHT/AC PACKAGE
FrameMasonry
Baths/PlumbingAverage
Ceiling/Wall 
Rooms/Prtns 
Wall Height12.00
% Sprinkled100
1st Floor Use 
Bsmt Garage0
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSFINISHED UPPER STORY 74,800 74,800
BASFIRST FLOOR 41,151 41,151
CANCANOPY 1,520 0
PTOPATIO 3,386 0
   120,857 115,951

Extra Features
Extra Features
CodeDescriptionSizeValueAssessed ValueBldg #
CGENCOMM GENERATOR1.00 UNIT$0$01
ELV1ELEVATOR PASS1.00 STOP$28,000$19,6001

Land
Land Use
Use Code201
DescriptionCommercial  
NeighborhoodI1
Land Line Valuation
Size (Acres)14.77
Total Market Land$1,550,900
Appraised Value$2,215,500

Outbuildings
Outbuildings
CodeDescriptionSizeValueAssessed ValueBldg #
SPL1INGROUND POOL - VINYL2400.00 S.F.$90,600$63,4001
SHD1SHED240.00 S.F.$2,000$1,4001
PAV1PAVING80000.00 S.F.$86,000$60,2001
FN1FENCE-4' CHAIN840.00 L.F.$5,000$3,5001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2024$15,878,300$1,691,700$17,570,000
2023$10,569,000$1,691,700$12,260,700

Assessment
Valuation YearImprovementsLandTotal
2024$11,114,810$1,184,190$12,299,000
2023$7,398,300$1,184,190$8,582,490

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