Auto Shop With Service
For Sale
Contact for pricing
25 Eastlawn Avenue, Wilmington, DE 19802
Established automotive facility with outdoor storage, parking, and access to major transportation routes.
Property Size6,460 SF
Lot Size0.26 Acres
Price / SF$107.59
Days on Market12
Property Features for 25 Eastlawn Avenue
General Information
Standard status
Active
Size
6,460 SF
Class
C
Lot size
0.26 Acres
Property subtype
Industrial
Zoning
26R-3 (One Family Row Houses), 26C-2 (Secondary Business Community Center)
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Building Details
Year Built
1968
Buildings
1
Listing Agency:
LMT Commercial Realty, LLC.
(302) 414-1000
Listed By:
Tyler Foresta · License #DE RS-0025429
Source:
Crexi
Added: Aug 20
Changed: Aug 31
Last Checked: Aug 31 at 10:09AM
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 LMT Commercial Realty, LLC.
Investment Insights
Based on property information with market context.
Built in 1968, this approximately 6,460-square-foot commercial building occupies about 0.26 acres and currently operates as an auto repair facility. Multiple service bays support automotive work, while outdoor storage and parking provide functional space for daily operations. The layout may also accommodate contractor, service, warehouse, or light industrial users, subject to applicable zoning and approvals.
The property at 25 Eastlawn Avenue benefits from access to I-95, I-495, Route 13, and other major transportation corridors. Zoning is identified as 26R-3 (One Family Row Houses) and 26C-2 (Secondary Business Community Center).
The property at 25 Eastlawn Avenue benefits from access to I-95, I-495, Route 13, and other major transportation corridors. Zoning is identified as 26R-3 (One Family Row Houses) and 26C-2 (Secondary Business Community Center).
Key Highlights
- 6,460 +/- SF commercial building on 0.26 +/- acres
- Currently operating as an established auto repair facility
- Multiple service bays with outdoor storage and parking
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
$62,539
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
9.00%
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%
$1,250,780
$1.3M
Cap Rate 7%
$893,414
$893.4K
Cap Rate 9%
$694,878
$694.9K
Market Conditions
NOI Build-Up for 6,460 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
$96.9K $15.00/SF
− Vacancy
−$7.6K −$1.17/SF
EGI
$89.3K $13.83/SF
− OpEx
−$26.8K −$4.15/SF
NOI
$62.5K $9.68/SF
Area
New Castle County, DE
Vacancy
7.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,250,780
Cap Rate 7%
$893,414
Cap Rate 9%
$694,878
Alternative Uses
Best Use
Retail
$893.4K
$781.7K – $1.04M
NOI $62,539 @ 7.0% cap · market cap 9.00%
Second Best
Industrial
$520.4K
$455.3K – $607.1K
NOI $36,425 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$1.55M
$1.35M – $1.80M
NOI $108,162 @ 7.0% cap · market cap 15.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
851
Businesses Nearby
65k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 42%
Electronics 4%
Apparel 3%
McDonald's
Dining
18,825 visits/mo
0.4 miles
Shell
Shops & Services
9,339 visits/mo
0.4 miles
Family Dollar
Shops & Services
7,589 visits/mo
0.1 miles
Sunoco
Shops & Services
6,338 visits/mo
0.3 miles
Checkers
Dining
5,799 visits/mo
0.4 miles
Demographics for 19802, DE
26,189
Population
11,596
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
89%
High-School Grad
3.5 sq mi
ZIP Area
7,483
Density / Sq Mi
$54,370
Median Household Income
$39,579
Median Earnings
$1,236
Median Rent
$188,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
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- Auto Part Warehouse — 105 Vandever Ave, Wilmington, DE 19802
- Two J's Auto Services — 2703 Governor Printz Blvd, Wilmington, DE 19802
Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive facility with outdoor storage, parking, and access to major transportation routes.
Where is this auto shop located?
The property is located at 25 Eastlawn Avenue Wilmington, DE.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 6,460 +/- SF commercial building on 0.26 +/- acres; Currently operating as an established auto repair facility; Multiple service bays with outdoor storage and parking
