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    37 Gordon St Wilmington, DE 19802

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    For Sale
    $80,000

    Five garages and one lot with long-term tenants.

    Lot size:
    0.03 Acres

    Property Features for 37 Gordon St

    General Information

    Lot size
    0.03 Acres

    Building Details

    Year built
    1940

    Source: Tesla Realty Group, LLC Agent Colette Ilodigwe

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

    Overview

    Five Garages and One Lot

    This property features five garages and one lot. Long-term tenants, some in place for 15-20 years, occupy the units on a month-to-month basis, providing an immediate revenue stream. Some of the garages are equipped with electric and plumbing. The tenants are responsible for the electric bills, while the owner pays a minimal amount for water for two garages. The roofs are approximately 5 years old. Additional garages are available for sale at 19 Gordon Street, which is currently on the market.
    Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Restaurant Realty agency Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

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

    Similar Places Nearby

    PSA Leasing Corporation, 28th Street Auto Sales & Service, Zipcar, U-Haul Moving & Storage of Wilmington, Ralphlezinllc

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5380862
    Latitude
    39.7523645

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    FAQs

    What type of property is this?
    Parking lot & garage - Five garages and one lot with long-term tenants.
    Where is this parking lot & garage located?
    The property is located at 37 Gordon St Wilmington, DE.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: - Five garages and one lot included in the sale.; - Long-term tenants (15-20 years) already in place.; - Immediate rental income and cash flow potential.
    (302) 287-4821
    Request Owner's contact information
    37 Gordon St 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
    37 Gordon St Wilmington, DE 19802
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