CN-Zoned Office Redevelopment
For Sale
Contact for pricing
1809 Marsh Rd, Wilmington, DE 19810
CN-zoned infill site with a 2,000+ SF building and strong Marsh Road visibility across from Branmar Plaza.
Property Size2,000 SF
Lot Size0.47 Acres
Price / SF$422.50
Days on Market382
Property Features for 1809 Marsh Rd
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.47 Acres
Property subtype
OFFICE
Zoning
CN
Site & Location
Traffic Count
18,000 vehicles/day
Highway Access
Yes
Listing Agency:
NAI Emory Hill
(302) 322-9500
Listed By:
Lorraine Sheldon
(302) 561-0385
Source:
Moodyscre
Added: Oct 21, 2025
Changed: Oct 26
Last Checked: Nov 4 at 11:08AM
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 NAI Emory Hill
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Investment Insights
Based on property information with market context.
1809 Marsh Road presents a CN-zoned infill redevelopment site totaling approximately 0.47 acres, improved with a 2,000+/- SF building. The property is suited for small-scale, high-margin uses and also offers redevelopment flexibility for an incoming buyer.
The site has excellent visibility and frontage on Marsh Road, with traffic counts exceeding 18,000+ VPD. It sits directly across from Branmar Plaza, which is anchored by ACME, Walgreen’s, and M&T Bank, and is close to new nearby openings including a Chase Bank and Lidl. The property is also in proximity to I-95.
The site has excellent visibility and frontage on Marsh Road, with traffic counts exceeding 18,000+ VPD. It sits directly across from Branmar Plaza, which is anchored by ACME, Walgreen’s, and M&T Bank, and is close to new nearby openings including a Chase Bank and Lidl. The property is also in proximity to I-95.
Key Highlights
- ~0.47‑acre CN‑zoned infill commercial redevelopment site with a 2,000+/- SF building
- Frontage and visibility on Marsh Road with traffic counts exceeding 18,000+ VPD
- Located directly across from Branmar Plaza anchored by ACME, Walgreens, and M&T Bank
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,854
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,080
$577.1K
Cap Rate 7%
$412,200
$412.2K
Cap Rate 9%
$320,600
$320.6K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$55.0K $27.48/SF
− Vacancy
−$6.9K −$3.44/SF
EGI
$48.1K $24.05/SF
− OpEx
−$19.2K −$9.62/SF
NOI
$28.9K $14.43/SF
Area
New Castle County, DE
Vacancy
12.50%
Lease Rate
$27.48 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,080
Cap Rate 7%
$412,200
Cap Rate 9%
$320,600
Alternative Uses
Best Use
Healthcare Medical
$412.2K
$360.7K – $480.9K
NOI $28,854 @ 7.0% cap · market cap 3.41%
Second Best
Office B
$389.2K
$340.5K – $454.0K
NOI $27,241 @ 7.0% cap · market cap 3.22%
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.
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Property Analytics
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Current Use
Lease Details
18,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - CN-zoned infill site with a 2,000+ SF building and strong Marsh Road visibility across from Branmar Plaza.
Where is this office unit located?
The property is located at 1809 Marsh Rd 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: ~0.47‑acre CN‑zoned infill commercial redevelopment site with a 2,000+/- SF building; Frontage and visibility on Marsh Road with traffic counts exceeding 18,000+ VPD; Located directly across from Branmar Plaza anchored by ACME, Walgreens, and M&T Bank
