Retail Space with
306 N Shipley St, Wilmington, DE 19801
For Sale
Contact for pricing
Flexible commercial space with private restrooms, dedicated climate control, and an additional storage area.
Property Size6,960 SF
Price / SF$1.30
Days on Market51
Property Features for 306 N Shipley St
General Information
Standard status
Size
Property subtype
Lease Term
Additional Details
Highway Access
Amenities
Individual heat and air conditioning
Two in-suite bathrooms
Extra 120 +/- SF of storage space
Building Details
Building Size
Year Built
Properties For Sale
at 306 N Shipley St
306 N Shipley Street
Size
1,000 SF
Term
Negotiable
Listing Agency:
LMT Commercial Realty / CORFAC International
Listed By:
Chris Moore, CCIM
(302) 414-1000
Source:
Lmtcre
Added: Sep 18
Changed: Nov 4
Last Checked: Nov 6 at 7:29AM
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 / CORFAC International
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Investment Insights
Based on property information with market context.
This 1,000 +/- SF retail space includes an additional 120 +/- SF of storage, individual heating and air conditioning, and two in-suite bathrooms. Its adaptable interior can accommodate professional office, boutique retail, creative studio, or spa and wellness uses. The property was built in 1914.
Located in Wilmington’s Lower Market Street District, the space sits beside DelTech Wilmington Campus and near restaurants, shops, employers, and downtown amenities. The area provides access to public transit and major highways, with Amtrak and SEPTA within walking distance.
Located in Wilmington’s Lower Market Street District, the space sits beside DelTech Wilmington Campus and near restaurants, shops, employers, and downtown amenities. The area provides access to public transit and major highways, with Amtrak and SEPTA within walking distance.
Key Highlights
- 1,000 +/- SF retail space with 120 +/- SF of additional storage
- Individual heat and air conditioning
- Two in‑suite bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,681
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,620
$193.6K
Cap Rate 7%
$138,300
$138.3K
Cap Rate 9%
$107,567
$107.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$15.0K $15.00/SF
− Vacancy
−$1.2K −$1.17/SF
EGI
$13.8K $13.83/SF
− OpEx
−$4.1K −$4.15/SF
NOI
$9.7K $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 Rate 5%
$193,620
Cap Rate 7%
$138,300
Cap Rate 9%
$107,567
Alternative Uses
Best Use
Office B
$194.6K
$170.3K – $227.0K
NOI $13,621 @ 7.0% cap · market cap 1,047.77%
Second Best
Retail
$138.3K
$121.0K – $161.4K
NOI $9,681 @ 7.0% cap · market cap 744.69%
Theoretical Best
Office A
$239.2K
$209.3K – $279.1K
NOI $16,743 @ 7.0% cap · market cap 1,287.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,840
Businesses Nearby
Explore this area
Business Placement
Demographics for 19801, DE
16,219
Population
9,390
Households
1.7
Avg Household Size
34
Median Age
26%
College-Educated
85%
High-School Grad
4.4 sq mi
ZIP Area
3,686
Density / Sq Mi
$44,505
Median Household Income
$36,684
Median Earnings
$1,126
Median Rent
$196,000
Median Home Value
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Market
Properties on Market for Retail space in Wilmington
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial space with private restrooms, dedicated climate control, and an additional storage area.
Where is this retail space located?
The property is located at 306 N Shipley St Wilmington, DE.
What are key features of this property?
This property features: 1,000 +/- SF retail space with 120 +/- SF of additional storage; Individual heat and air conditioning; Two in‑suite bathrooms
