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    Prime Commercial Property in Wilmington Title is generated by Realmo AI

    735 PHILADELPHIA Pike, Wilmington, DE 19809

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    For Sale
    $750,000

    Commercial Sale - WILMINGTON, DE

    Type:Retail
    Lot size:
    0.41 Acres
    Added:
    Apr 9, 2026
    Days on Market:
    55
    Last Refresh:
    Jun 2 at 3:06 am

    Property Features for 735 PHILADELPHIA Pike

    General Information

    Property type
    Other
    Property subtype
    Retail
    Parking
    60
    Parking features
    Parking Lot
    Standard status
    Active
    Lot size
    0.41 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3152

    Utilities

    Heating system
    Forced Air
    Cooling system
    Window Unit(s), Ceiling Fan(s)

    Building Details

    Year built
    1963
    Building materials
    Block

    We can help!

    Listing Contact
    Carolyn Nguyen

    Listing agent Carolyn Nguyen License #0039111

    Listing office Real Broker LLC 200 Continental Drive unit: 401, Newark, DE

    Listing date Apr 9, 2026

    MLS# DENC2099892

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location on high‑traffic Philadelphia Pike with exceptional visibility.
    • Ample parking with approximately 60 spaces.
    • Existing garage suitable for automotive or rental businesses.
    • Redevelopment potential for expansion or new commercial/mixed‑use spaces.
    • Located in a dynamic commercial and residential neighborhood.
    • Easy access for customers and employees.

    Overview

    Located on Philadelphia Pike in Wilmington, this commercial property offers high visibility and easy access. The property includes a spacious lot with approximately 60 parking spaces. An existing garage provides potential for automotive-related uses, rental operations, or similar businesses. The surrounding neighborhood combines commercial and residential uses, creating a dynamic community atmosphere. The property also offers redevelopment opportunities for expanding existing structures or creating new commercial, retail, or mixed-use spaces. All proposed uses, zoning, and approvals are subject to buyer verification and county approval. The property is located in a prime Wilmington location with flexibility and growth potential on a 0.41-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Car Rental Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Budget Truck Rental — 702 Philadelphia Pike, Wilmington, DE 19809
    • U-Haul Neighborhood Dealer — 735 Philadelphia Pike, Wilmington, DE 19809
    • Budget Car Rental — 702 Philadelphia Pike, Wilmington, DE 19809
    • Avis Car Rental — 702 Philadelphia Pike, Wilmington, DE 19809

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.498764
    Latitude
    39.7716904

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    FAQs

    What type of property is this?
    Parking lot & garage - High-visibility commercial property with ample parking and redevelopment potential.
    Where is this parking lot & garage located?
    The property is located at 735 PHILADELPHIA Pike Wilmington, DE.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Prime location on high‑traffic Philadelphia Pike with exceptional visibility.; Ample parking with approximately 60 spaces.; Existing garage suitable for automotive or rental businesses.
    (302) 339-2666
    We can help!
    Listing Contact
    Carolyn Nguyen
    Real Estate License ID: 0039111
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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