Wilmington Warehouse with Office
For Sale
$3,700,000
3030 Bowers St, Wilmington, DE 19802
Warehouse with office space in Wilmington near major transportation hubs.
Property Size49,788 SF
Price / SF$74.32
Days on Market274
Property Features for 3030 Bowers St
General Information
Standard status
Active
Size
49,788 SF
Property subtype
Industrial
Building Details
Building Size
49,788 SF
Year Built
1960
Listing Agency:
(302) 893-7937
Listed By:
Rich Dudek, SIOR · License #DE #RS-0016602
(302) 893-7937
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Aug 19
Last Checked: Aug 21 at 4:28AM
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 Rich Dudek, SIOR
Investment Insights
Based on property information with market context.
This warehouse building, situated in Wilmington, Delaware, offers a strategic location near I-495 and I-95, placing it within the city's major transportation network. Located in an SBA HUBZone and a Delaware Opportunity Zone, and just outside of the coastal zone, the property is suitable for distribution, light manufacturing, office/showroom use, or a combination of commercial operations. The building features approximately 35,000 square feet of warehouse space and approximately 15,000 square feet of office space, totaling 49,788 square feet. It includes one drive-in door and three dock doors, along with a 2,500 square foot covered dock. The warehouse has 20-foot ceiling heights and 40'x25' column spacing. The building is equipped with a sprinkler system. Additionally, the property includes a gated lot of approximately 0.45 acres.
Key Highlights
- Prime location in Wilmington, minutes from I‑495 and I‑95 and major transportation hubs.
- Boasts 35,000 +/- SF of warehouse space and 15,000 +/- SF of office space.
- Located in an SBA HUBZone and Delaware Opportunity Zone.
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
$280,730
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
7.59%
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%
$5,614,600
$5.6M
Cap Rate 7%
$4,010,429
$4.0M
Cap Rate 9%
$3,119,222
$3.1M
Market Conditions
NOI Build-Up for 49,788 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
$448.1K $9.00/SF
− Vacancy
−$47.0K −$0.95/SF
EGI
$401.0K $8.06/SF
− OpEx
−$120.3K −$2.42/SF
NOI
$280.7K $5.64/SF
Area
New Castle County, DE
Vacancy
10.50%
Lease Rate
$9.00 /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%
$5,614,600
Cap Rate 7%
$4,010,429
Cap Rate 9%
$3,119,222
Alternative Uses
Best Use
Office B
$9.69M
$8.48M – $11.30M
NOI $678,142 @ 7.0% cap · market cap 18.33%
Second Best
Warehouse
$5.54M
$4.85M – $6.46M
NOI $387,785 @ 7.0% cap · market cap 10.48%
Theoretical Best
Office A
$11.91M
$10.42M – $13.89M
NOI $833,618 @ 7.0% cap · market cap 22.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Storage Rentals of America — 2523 Lamotte St, Wilmington, DE 19802
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- Delaware Depository — 3601 N Market St, Wilmington, DE 19802
- Self-Storage at U-Haul — 2920 Governor Printz Blvd, Wilmington, DE 19802
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with office space in Wilmington near major transportation hubs.
Where is this warehouse located?
The property is located at 3030 Bowers St Wilmington, DE.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Prime location in Wilmington, minutes from I‑495 and I‑95 and major transportation hubs.; Boasts 35,000 +/- SF of warehouse space and 15,000 +/- SF of office space.; Located in an SBA HUBZone and Delaware Opportunity Zone.
