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    500-540 Greenhill Ave Wilmington, DE 19805

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    For Lease
    $19 SF/Yr ($3,413 /Mo)

    Neighborhood retail and office center with high foot traffic.

    Property size:
    2,150 SF
    Lot size:
    0.87 Acres

    Property Features for 500-540 Greenhill Ave

    General Information

    Size
    2,150 SF
    Lot size
    0.87 Acres

    Source: SB Real Estate Agent Jeff Shahan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail and Office Center Space

    Wawaset Plaza is a neighborhood retail and office center offering a total of 28,000 square feet. The center includes units that face Greenhill Avenue, a road with high traffic, located between Lancaster Avenue and Pennsylvania Avenue. The current tenant mix includes a wine and spirits store, an obstetrics practice, and a day spa, which contribute to significant foot traffic. Available space is 2,150 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5791175
    Latitude
    39.752853

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    FAQs

    What type of property is this?
    Shopping center - Neighborhood retail and office center with high foot traffic.
    Where is this shopping center located?
    The property is located at 500-540 Greenhill Ave Wilmington, DE.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - High foot traffic due to existing tenants.; - Located on widely traveled Greenhill Ave.; - Mix of retail and office space.
    (302) 545-2392
    Request Owner's contact information
    500-540 Greenhill Ave Wilmington, DE 19805
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    Wilmington, DE 19805
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    500-540 Greenhill Ave Wilmington, DE 19805
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