Downtown Wilmington Warehouse/Office
1621 N Heald St Wilmington, DE
1621 N Heald St, Wilmington, DE, 00000
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For Sale
Contact for pricing
Warehouse/office building in downtown Wilmington, close to I-495.
Property Size3,734 SF
Lot Size0.21 Acres
Price / SF$100.43
Days on Market654
Property Features for 1621 N Heald St
General Information
- Standard status
- Active
- Size
- 3,734 SF
- Lot size
- 0.21 Acres
- Property subtype
- RETAIL
Listing Agency
LMT Commercial Realty / CORFAC International
(302) 547-7370
Listed by
David Burleigh
(302) 547-7370
Source
Moodyscre
Added: Oct 4, 2024 Checked: Jul 19 at 5:26 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 LMT Commercial Realty / CORFAC International
Investment Insights
Based on property information with market context.
An assemblage of two parcels is available for sale, featuring an office and/or warehouse building situated in the downtown district of Wilmington. The seller is offering both lots together. Potential uses for the property include a daycare, storage warehouse, auto body shop, moving/hauling terminal, utility/pumping substation, recycling collection center, and/or construction company. The property benefits from its location, with proximity to I-495 and The Port of Wilmington. The property size is 3,734 square feet.
Key Highlights
- Assemblage of two parcels in downtown Wilmington
- Excellent location close to I‑495 and The Port of Wilmington
- Suitable for office and/or warehouse use
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 | $37.2k | $9.96 |
| − Vacancy | −$3.0k | −$0.80 |
| EGI | $34.2k | $9.16 |
| − OpEx | −$5.1k | −$1.37 |
| NOI | $29.1k | $7.79 |
3,734 SF · lease $9.96/SF/yr · vacancy 8.00% · expense 15.00%
Alternative Uses
Best Use
Retail
$516.4K
$451.9K – $602.5K
NOI $36,149 @ 7.0% cap · market cap 9.64%
Second Best
Warehouse
$415.5K
$363.5K – $484.7K
NOI $29,083 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$893.1K
$781.5K – $1.04M
NOI $62,520 @ 7.0% cap · market cap 16.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shelia's Childcare Center
Daycare Center
Similar For Sale Nearby
Similar Off Market Nearby
- Self-Storage at U-Haul — 2920 Governor Printz Blvd, Wilmington, DE 19802
- Movers Mars LLC — 1007 Orange St 4th Floor Suite #414, Wilmington, DE 19801
FAQs
What type of property is this?
Warehouse - Warehouse/office building in downtown Wilmington, close to I-495.
Where is this warehouse located?
The property is located at 1621 N Heald St Wilmington, DE.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Assemblage of two parcels in downtown Wilmington; Excellent location close to I‑495 and The Port of Wilmington; Suitable for office and/or warehouse use
