Retail Property in Wilmington,
For Sale
Contact for pricing
111 W 9th St, Wilmington, DE
Retail property available for sale in Wilmington, Delaware.
Property Size2,578 SF
Lot Size0.03 Acres
Price / SF$127.62
Days on Market1346
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Property Features for 111 W 9th St
General Information
Standard status
Active
Size
2,578 SF
Lot size
0.03 Acres
Property subtype
RETAIL
Listing Agency:
Gioffre Commercial Realty
(302) 223-5225
Listed By:
Susan Miller · License #RS-0022788
(302) 547-1944
Source:
Moodyscre
Added: Feb 7, 2023
Changed: Oct 12
Last Checked: Oct 15 at 12:45AM
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 Gioffre Commercial Realty
Investment Insights
Based on property information with market context.
This retail property, located at 111 W 9th St in Wilmington, DE, offers 2578 square feet of space. The property is suitable for retail or other retail purposes.
Key Highlights
- Retail property available for sale.
- Located in Wilmington, Delaware.
- Property is for sale.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,958
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,160
$499.2K
Cap Rate 7%
$356,543
$356.5K
Cap Rate 9%
$277,311
$277.3K
Market Conditions
NOI Build-Up for 2,578 SF
Gross rent
$38.7K $15.00/SF
− Vacancy
−$3.0K −$1.17/SF
EGI
$35.7K $13.83/SF
− OpEx
−$10.7K −$4.15/SF
NOI
$25.0K $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%
$499,160
Cap Rate 7%
$356,543
Cap Rate 9%
$277,311
Alternative Uses
Best Use
Retail
$356.5K
$312.0K – $416.0K
NOI $24,958 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$616.6K
$539.6K – $719.4K
NOI $43,164 @ 7.0% cap · market cap 13.12%
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
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 property - Retail property available for sale in Wilmington, Delaware.
Where is this retail property located?
The property is located at 111 W 9th St Wilmington, DE.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Retail property available for sale.; Located in Wilmington, Delaware.; Property is for sale.
