Retail Building in Wilmington
For Sale
$200,000
107 W 9th Street, Wilmington, DE 19801
1,080 SF retail building for sale in Wilmington, DE.
Property Size1,080 SF
Price / SF$185.19
Days on Market204
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Property Features for 107 W 9th Street
General Information
Standard status
Active
Size
1,080 SF
Property subtype
Retail
Building Details
Building Size
1,080 SF
Listing Agency:
LMT Commercial Realty / CORFAC International
Listed By:
Chris Moore, CCIM
(302) 414-1000
Source:
Lmtcre
Added: Mar 26
Changed: Oct 3
Last Checked: Oct 14 at 8:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LMT Commercial Realty / CORFAC International
Investment Insights
Based on property information with market context.
A 1,080 +/- SF ground-level retail building is available for sale. It is situated just off Market Street in the central business district of Wilmington, Delaware.
Key Highlights
- Ground level retail building for sale.
- Offering 1,080 +/- SF of retail space.
- Located in the heart of Wilmington CBD, Wilmington, DE.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,455
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,100
$209.1K
Cap Rate 7%
$149,357
$149.4K
Cap Rate 9%
$116,167
$116.2K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$16.2K $15.00/SF
− Vacancy
−$1.3K −$1.17/SF
EGI
$14.9K $13.83/SF
− OpEx
−$4.5K −$4.15/SF
NOI
$10.5K $9.68/SF
Area
New Castle County, DE
Vacancy
7.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,100
Cap Rate 7%
$149,357
Cap Rate 9%
$116,167
Alternative Uses
Best Use
Retail
$149.4K
$130.7K – $174.3K
NOI $10,455 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$258.3K
$226.0K – $301.4K
NOI $18,083 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,775
Businesses Nearby
40k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 49%
Dining 41%
Shops & Services 5%
Apparel 3%
McDonald's
Dining
16,382 visits/mo
0.5 miles
Sheraton Suites Wilmington Downtown
Hotels & Casinos
5,726 visits/mo
0.1 miles
Doubletree by Hilton Downtown Wilmington - Legal District
Hotels & Casinos
5,265 visits/mo
0.2 miles
Courtyard Wilmington Downtown
Hotels & Casinos
3,169 visits/mo
0.2 miles
Residence Inn Wilmington Downtown
Hotels & Casinos
3,057 visits/mo
0.3 miles
Demographics for 19801, DE
16,219
Population
9,390
Households
1.7
Avg Household Size
34
Median Age
26%
College-Educated
85%
High-School Grad
4.4 sq mi
ZIP Area
3,686
Density / Sq Mi
$44,505
Median Household Income
$36,684
Median Earnings
$1,126
Median Rent
$196,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - 1,080 SF retail building for sale in Wilmington, DE.
Where is this retail space located?
The property is located at 107 W 9th Street Wilmington, DE.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Ground level retail building for sale.; Offering 1,080 +/- SF of retail space.; Located in the heart of Wilmington CBD, Wilmington, DE.
