Warehouse in Opportunity
3007 Bellevue Ave Wilmington, DE
3007 Bellevue Ave, Wilmington, DE, 00000
Contact for pricing
For Sale
Contact for pricing
12,700+/- sq ft warehouse on 0.44 acres for sale.
Property Size12,740 SF
Lot Size0.43 Acres
Price / SF$101.57
Days on Market488
Property Features for 3007 Bellevue Ave
General Information
- Standard status
- Active
- Size
- 12,740 SF
- Lot size
- 0.43 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
Patterson Woods Commercial Properties
(302) 559-9585
Listed by
Dan Lesher
(302) 559-9585
Source
Moodyscre
Added: Mar 19, 2025 Checked: Jul 19 at 5:24 am
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 Patterson Woods Commercial Properties
Investment Insights
Based on property information with market context.
This property features a 12,700 +/- square foot warehouse situated on 0.44 acres, zoned M1. The warehouse includes air conditioning and one loading dock. A new roof was installed in December 2024. The property is located in an Opportunity Zone. An adjacent 0.47-acre parcel of land is also available.
Key Highlights
- 12,700 +/- Sq‑ft Warehouse on .44 acres zoned M1
- New roof 12/24
- Property is in an Opportunity Zone
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.9k | $9.96 |
| − Vacancy | −$10.2k | −$0.80 |
| EGI | $116.7k | $9.16 |
| − OpEx | −$17.5k | −$1.37 |
| NOI | $99.2k | $7.79 |
12,740 SF · lease $9.96/SF/yr · vacancy 8.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.42M
$1.24M – $1.65M
NOI $99,228 @ 7.0% cap · market cap 7.67%
Second Best
Industrial
$1.03M
$897.9K – $1.20M
NOI $71,834 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,310 @ 7.0% cap · market cap 16.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mercantile Press
Marketing & Advertising
Similar For Sale Nearby
Similar Off Market Nearby
- Storage Rentals of America — 2523 Lamotte St, Wilmington, DE 19802
- Sentinel Self Storage - Wilmington, DE — 333 E Lea Blvd, Wilmington, DE 19802
- Self-Storage at U-Haul — 2920 Governor Printz Blvd, Wilmington, DE 19802
FAQs
What type of property is this?
Warehouse - 12,700+/- sq ft warehouse on 0.44 acres for sale.
Where is this warehouse located?
The property is located at 3007 Bellevue Ave Wilmington, DE.
What is the asking price?
The asking price for this property is $1,294,000.
What are key features of this property?
This property features: 12,700 +/- Sq‑ft Warehouse on .44 acres zoned M1; New roof 12/24; Property is in an Opportunity Zone
