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    14 E 40Th St Wilmington, DE 19802

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    For Sale
    $1,125,000

    Mixed-use property featuring offices and apartments, fully leased.

    Lot size:
    0.10 Acres

    Property Features for 14 E 40Th St

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1963

    Source: Keller Williams Realty Wilmington Agent Carol Plummer

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

    Overview

    Mixed-Use Property with Income

    This mixed-use property features six ground-floor offices and five second-floor apartments. The apartments have been recently renovated with updated kitchens and are fully leased. The offices are full service, offering Wi-Fi, security cameras, and key fob entrance. The property is fully leased and located close to North Market Street in a quiet residential area. The property is low maintenance and generates $109,000 net operating income.
    Insight Report Location Intelligence

    Current Use by Public Records

    C & D Contractors ... Mechanical Contractor William H Mc ... General Contractor

    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
    -75.522689
    Latitude
    39.759458

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring offices and apartments, fully leased.
    Where is this mixed-use property located?
    The property is located at 14 E 40Th St Wilmington, DE.
    What is the asking price?
    The asking price for this property is $1,125,000.
    What are key features of this property?
    This property features: - High Net Operating Income (NOI) of $109,000; - Fully Leased Mixed-Use Property (Offices & Apartments); - Recently Renovated Apartments with Beautiful Kitchens
    (302) 632-3311
    Request Owner's contact information
    14 E 40Th St Wilmington, DE 19802
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    Wilmington, DE 19802
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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
    14 E 40Th St Wilmington, DE 19802
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