204 N Maryland Ave, Wilmington, DE
Mixed-use property with retail and residential units on Maryland Avenue.
- Added:
- Oct 2, 2024
- Days on Market:
- 634
- Last Refresh:
- May 20 at 9:32 pm
Property Features for 204 N Maryland Ave
General Information
- Standard status
- Active
- Size
- 5,237 SF
- Lot size
- 0.19 Acres
- Property subtype
- RETAIL
Listing office LMT Commercial Realty / CORFAC International (302) 530-1233
Listing date Oct 2, 2024
Source Moodyscre
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
HighLights
- Multi‑use property offering diverse income potential.
- Investment property featuring a mix of commercial and residential income streams.
- Four retail units on the ground floor provide steady commercial income.
- Three residential apartments offer additional income.
- Located on busy North Maryland Avenue, ensuring high visibility.
Overview
Local Financial Insights For Mixed Use
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 | $99.3k | $18.96 |
| − Vacancy | −$13.9k | −$2.65 |
| EGI | $85.4k | $16.31 |
| − OpEx | −$32.0k | −$6.11 |
| NOI | $53.4k | $10.19 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Castle
- State
- Delaware
- Longitude
- -75.5843
- Latitude
- 39.7295
