Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3616 Kirkwood Hwy Wilmington, DE 19808

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $22 SF/Yr ($3,300 /Mo)

    Retail space available with strong co-tenants and high traffic.

    Property size:
    1,800 SF
    Lot size:
    1.35 Acres

    Property Features for 3616 Kirkwood Hwy

    General Information

    Size
    1,800 SF
    Lot size
    1.35 Acres

    We can help!

    Listing Contact
    Dan Lesher
    Dan Lesher
    Source: Moodyscre

    Listing Agent: Dan Lesher

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

    Learn more

    Property Insight Report

    Overview

    Retail Space on Kirkwood Highway

    This retail space, comprising 1,800 square feet, is located on Kirkwood Highway in Wilmington, DE. The location benefits from high traffic counts, with an estimated 54,000 vehicles per day. The property features strong co-tenants, creating powerful co-tenant synergies.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PrimoHoagies Sandwich Shop Taqueria Rojas Mexican Restaurant Independent Software Testing, ... Software Company Web N App Marketing Agency Addi Institute Marriage Or Relationship Counselor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.6370759
    Latitude
    39.7338632

    Nearby Similar for Lease

    • $1,595 /Mo

      Boutique Office in Trolley Square

      Refined office space near Trolley Square's amenities and Wilmington's CBD.
      1504 A St, Wilmington, DE 19806
      View Details
    • $2,100 /Mo

      Office Space in Woodmill Complex

      Office space for rent in Pike Creek, Wilmington.
      5181 W Woodmill Dr, Wilmington, DE 19808
      View Details
    • New
      $15 SF/Yr
      6,098 SF

      Flexible Office Space For Lease

      Adaptable office spaces available in a centrally located Wilmington building.
      2706 Kirkwood Hwy, Wilmington, DE 19805
      View Details
    • $1,099 /Mo

      Flexible Commercial Space Available Now

      Prime commercial space with excellent flow and functionality, ready now.
      5201 Lower Ln, Wilmington, DE 19808
      View Details
    • $1,695 /Mo
      58,370 SF

      Foulk Road Medical Office Suite

      Well-appointed office suite in desirable Foulk Road medical complex.
      1805 Foulk Rd Unit, Wilmington, DE 19810
      View Details
    • $22 SF/Yr
      27,113 SF

      Wilmington Retail/Office Building For Lease

      Two-story retail/office building with modern finishes and ample parking.
      2060 Limestone Rd, Wilmington, DE 19808
      View Details
    • $3,000 /Mo
      3,200 SF

      Charming Townhouse in Trolley Square

      End-of-row townhouse with upgraded kitchen, finished basement, and fenced yard.
      1301 Delaware Ave, Wilmington, DE 19806
      View Details
    • Contact for pricing
      1,420 SF

      Second Floor Office Space Available

      Centrally located office space with easy highway access.
      300-320 Cornell Dr, Wilmington, DE 19801
      View Details
    • Contact for pricing
      13,610 SF

      Downtown Wilmington Office Space Available

      Premier office building in Wilmington's Central Business District for rent.
      222 Delaware Ave, Wilmington, DE 19801
      View Details
    • Contact for pricing
      18,000 SF

      Light Industrial/Flex/Warehouse Space Available

      Centrally located light industrial/flex/warehouse property with various sized suites.
      401 Cornell Dr, Wilmington, DE 19801
      View Details
    • Contact for pricing
      23,943 SF

      Class A Office Space

      Luxurious office space in Wilmington's prestigious Star Building.
      123 Justison St, Wilmington, DE 19801
      View Details
    • Contact for pricing
      100,000 SF

      Wilmington Manufacturing Space for Lease

      100,000 SF manufacturing space with high ceilings and ample loading.
      701 Garasches Ln, Wilmington, DE 19801
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available with strong co-tenants and high traffic.
    Where is this retail space located?
    The property is located at 3616 Kirkwood Hwy Wilmington, DE.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - Excellent traffic counts - 54,000 +/- VPD; - Strong co-tenants; - Powerful co-tenant synergies
    (302) 559-9585
    Request Owner's contact information
    3616 Kirkwood Hwy Wilmington, DE 19808
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3616 Kirkwood Hwy
    Wilmington, DE 19808
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    3616 Kirkwood Hwy Wilmington, DE 19808
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Dan Lesher
    Dan Lesher
    (302) 559-9585
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.