Wilmington Warehouse with Office
For Sale
$3,050,000
3030 Bowers St, Wilmington, DE 19802
Warehouse with office space in Wilmington near major transportation hubs.
Property Size49,788 SF
Price / SF$61.26
Days on Market320
Property Features for 3030 Bowers St
General Information
Standard status
Active
Size
49,788 SF
Property subtype
Industrial
Building Details
Building Size
49,788 SF
Year Built
1960
Listed By:
Rich Dudek, SIOR · License #DE #RS-0016602
(302) 893-7937
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Sep 26
Last Checked: Oct 7 at 10:04AM
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 Rich Dudek, SIOR
Investment Insights
Based on property information with market context.
This warehouse building, situated in Wilmington, Delaware, offers a strategic location near I-495 and I-95, placing it within the city's major transportation network. Located in an SBA HUBZone and a Delaware Opportunity Zone, and just outside of the coastal zone, the property is suitable for distribution, light manufacturing, office/showroom use, or a combination of commercial operations. The building features approximately 35,000 square feet of warehouse space and approximately 15,000 square feet of office space, totaling 49,788 square feet. It includes one drive-in door and three dock doors, along with a 2,500 square foot covered dock. The warehouse has 20-foot ceiling heights and 40'x25' column spacing. The building is equipped with a sprinkler system. Additionally, the property includes a gated lot of approximately 0.45 acres.
Key Highlights
- Prime location in Wilmington, minutes from I‑495 and I‑95 and major transportation hubs.
- Boasts 35,000 +/- SF of warehouse space and 15,000 +/- SF of office space.
- Located in an SBA HUBZone and Delaware Opportunity Zone.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$280,730
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,614,600
$5.6M
Cap Rate 7%
$4,010,429
$4.0M
Cap Rate 9%
$3,119,222
$3.1M
Market Conditions
NOI Build-Up for 49,788 SF
Gross rent
$448.1K $9.00/SF
− Vacancy
−$47.0K −$0.95/SF
EGI
$401.0K $8.06/SF
− OpEx
−$120.3K −$2.42/SF
NOI
$280.7K $5.64/SF
Area
New Castle County, DE
Vacancy
10.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,614,600
Cap Rate 7%
$4,010,429
Cap Rate 9%
$3,119,222
Alternative Uses
Best Use
Office B
$9.69M
$8.48M – $11.30M
NOI $678,142 @ 7.0% cap · market cap 22.23%
Second Best
Warehouse
$5.54M
$4.85M – $6.46M
NOI $387,785 @ 7.0% cap · market cap 12.71%
Theoretical Best
Office A
$11.91M
$10.42M – $13.89M
NOI $833,618 @ 7.0% cap · market cap 27.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 19802, DE
26,189
Population
11,596
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
89%
High-School Grad
3.5 sq mi
ZIP Area
7,483
Density / Sq Mi
$54,370
Median Household Income
$39,579
Median Earnings
$1,236
Median Rent
$188,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with office space in Wilmington near major transportation hubs.
Where is this warehouse located?
The property is located at 3030 Bowers St Wilmington, DE.
What is the asking price?
The asking price for this property is $3,050,000.
What are key features of this property?
This property features: Prime location in Wilmington, minutes from I‑495 and I‑95 and major transportation hubs.; Boasts 35,000 +/- SF of warehouse space and 15,000 +/- SF of office space.; Located in an SBA HUBZone and Delaware Opportunity Zone.
