Marsh Road Commercial
For Sale
$845,000
1809 Marsh Road, Wilmington, DE 19810
High-visibility commercial property suitable for various business types.
Property Size2,000 SF
Price / SF$422.50
Days on Market327
Property Features for 1809 Marsh Road
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$3,176
Amenities
Heat Pump
3
CN
Parking.
Lot.
116.00 x 174.50
Building Details
Year Built
1935
Listing Agency:
EMORY HILL REAL ESTATE SERVICES INC.
(302) 561-0385
Listed By:
Lorraine Sheldon
(302) 561-0385
Source:
Xome
Added: Oct 7, 2025
Changed: Aug 25
Last Checked: Aug 29 at 5:54AM
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 EMORY HILL REAL ESTATE SERVICES INC.
Investment Insights
Based on property information with market context.
This commercial property on Marsh Road benefits from high visibility and frontage, with traffic counts exceeding 18,000 vehicles per day. It is suited for small-scale, high-margin users, including medical, dental, financial services, technology, specialty office, or retail stores. Redevelopment is another potential avenue. The location benefits from built-in demand and cross-traffic due to its proximity to Branmar Plaza and I-95. The surrounding area has a population of 9,413 within a 1-mile radius and 81,199 within a 3-mile radius. There are 3,738 households within 1 mile and 33,391 within 3 miles. The median age in the immediate vicinity is 49 years. The median household income is $130,498 within 1 mile and $108,030 within 2 miles. The area also has a daytime employee population of 3,094 within 1 mile and 42,522 within 2 miles.
Key Highlights
- High traffic counts exceeding 18,000+ VPD on Marsh Road, providing excellent visibility and frontage.
- Ideal location for high‑margin businesses such as medical, dental, financial services, technology, specialty office, or retail.
- High median household income in the immediate area ($130,498 within 1 mile).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,241
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$544,820
$544.8K
Cap Rate 7%
$389,157
$389.2K
Cap Rate 9%
$302,678
$302.7K
Market Conditions
NOI Build-Up for 2,000 SF
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.
Gross rent
$45.1K $22.56/SF
− Vacancy
−$8.8K −$4.40/SF
EGI
$36.3K $18.16/SF
− OpEx
−$9.1K −$4.54/SF
NOI
$27.2K $13.62/SF
Area
New Castle County, DE
Vacancy
19.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$544,820
Cap Rate 7%
$389,157
Cap Rate 9%
$302,678
Alternative Uses
Best Use
Office B
$389.2K
$340.5K – $454.0K
NOI $27,241 @ 7.0% cap · market cap 3.22%
Second Best
Retail
$276.6K
$242.0K – $322.7K
NOI $19,362 @ 7.0% cap · market cap 2.29%
Theoretical Best
Office A
$478.4K
$418.6K – $558.1K
NOI $33,487 @ 7.0% cap · market cap 3.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19810, DE
25,270
Population
11,000
Households
2.3
Avg Household Size
46
Median Age
53%
College-Educated
96%
High-School Grad
7.9 sq mi
ZIP Area
3,199
Density / Sq Mi
$110,486
Median Household Income
$61,118
Median Earnings
$1,517
Median Rent
$420,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Pos & Merchant Services — 1813 Marsh Rd, Wilmington, DE 19810
- K&R Audio Visual — Near Jupiter Records & Papa John's, 2200 Marsh Rd, Wilmington, DE 19810
Frequently Asked Questions
What type of property is this?
Office space - High-visibility commercial property suitable for various business types.
Where is this office space located?
The property is located at 1809 Marsh Road Wilmington, DE.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: High traffic counts exceeding 18,000+ VPD on Marsh Road, providing **excellent visibility and frontage**.; Ideal location for high‑margin businesses such as medical, dental, financial services, technology, specialty office, or retail.; High median household income in the immediate area ($130,498 within 1 mile).
