Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    307 Rocky Run Pkwy Wilmington, DE 19803

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $32 SF/Yr

    Freestanding 6,317 SF restaurant space for lease.

    Building Details

    Year built
    1993

    We can help!

    Listing Contact
    Jim Tancredi
    Jim Tancredi
    Source: Corfac

    Listing Agency: LMT Commercial Realty / CORFAC International Listing Agent: Jim Tancredi

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

    Learn more

    Overview

    Restaurant Space in Brandywine Commons

    Located in the Brandywine Commons Center off Concord Pike, this leasing opportunity features a freestanding 6,317 square foot building on 1.46 acres. Formerly a Greene Turtle Sports Bar & Grill, the property offers signage opportunities via two pylons. It features accessibility and parking in front and rear lots. The location provides exposure to a traffic count of 41,312 vehicles per day on Concord Pike. The property is located in Wilmington, DE, near Red Lobster, Olive Garden, and TGI Friday’s. The lease rate is $32.50 per square foot per year, with NNN expenses projected at $6.49 per square foot per year.
    Location Intelligence

    Current Use by Public Records

    MrBeast Burger Restaurant The Greene Turtle Sports ... Bar & Pub

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5495383
    Latitude
    39.8192937

    Nearby Similar for Lease

    • $15 SF/Yr
      6,098 SF

      Flexible Office Space For Lease

      Adaptable office spaces available in a centrally located Wilmington building.
      2706 Kirkwood Hwy, Wilmington, DE 19805
      View Details
    • New
      $1,395 /Mo

      Boutique Office in Trolley Square

      Refined office space near Trolley Square with parking.
      1504 A St, Wilmington, DE 19806
      View Details
    • $2,200 /Mo
      1,307 SF

      Versatile Commercial Property in Wilmington

      Two-story commercial property suitable for various uses in Wilmington, DE.
      1803 W 4Th St, Wilmington, DE 19805
      View Details
    • $1,099 /Mo

      Flexible Commercial Space Available Now

      Prime commercial space with excellent flow and functionality, ready now.
      5201 Lower Ln, Wilmington, DE 19808
      View Details
    • $2,100 /Mo

      Office Space in Woodmill Complex

      Office space for rent in Pike Creek, Wilmington.
      5181 W Woodmill Dr, Wilmington, DE 19808
      View Details
    • Contact for pricing

      Downtown

      Workspaces, services and support to help you work better in Downtown
      1000 West St, Wilmington, DE 19801
      View Details
    • Sponsored
      Contact for pricing

      DE, Wilmington - N Market St

      Discover many ways to work your way in One Liberty Place
      901 Market St, Wilmington, DE 19801
      View Details
    • $22 SF/Yr
      97,036 SF

      Class A Office Space Available

      Class A office space with convenient access to transportation and amenities.
      919 North Market St, Wilmington, DE 19801
      View Details
    • $11 SF/Yr
      19,226 SF

      Renovated Warehouse with Two-Story Office

      Renovated warehouse with office space near I-95 and Port.
      900 S Heald St, Wilmington, DE 19801
      View Details
    • $1,000 /Mo

      Kirkwood Highway Office Suites Available

      Office suites for lease with easy access to major routes.
      4708 Kirkwood Hwy, Wilmington, DE 19808
      View Details
    • $1,250 /Mo

      Downtown Wilmington Retail Storefront

      Adaptable 770 SF retail space in downtown Wilmington.
      800 North Orange St, Wilmington, DE 19801
      View Details
    • $12 SF/Yr
      5,260 SF

      Office/Retail Space on Lancaster Pike

      5,260 SF office/retail space with high visibility.
      3401 Lancaster Pike, Wilmington, DE 19805
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Freestanding 6,317 SF restaurant space for lease.
    Where is this conventional restaurant located?
    The property is located at 307 Rocky Run Pkwy Wilmington, DE.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on Concord Pike in Wilmington's 'Restaurant Row'.; - High traffic count of 41,312 +/- VPD, ensuring maximum exposure.; - Fully functional, freestanding 6,317 +/- SF restaurant building.
    (302) 414-1000
    Request Owner's contact information
    307 Rocky Run Pkwy Wilmington, DE 19803
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    307 Rocky Run Pkwy
    Wilmington, DE 19803
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    307 Rocky Run Pkwy Wilmington, DE 19803
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jim Tancredi
    Jim Tancredi
    Real Estate License ID: DE#0022056
    (302) 414-1000 (302) 222-7574
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!