Two Retail
3209 Miller Road, Wilmington, DE 19802
For Sale
Contact for pricing
Two salon-configured spaces accommodate retail and personal-service businesses.
Property Size1,800 SF
Days on Market49
Property Features for 3209 Miller Road
General Information
Standard status
Size
Property subtype
Lease Term
Building Details
Building Size
Properties For Sale
at 3209 Miller Road Contact usUnit #1
Size
900 SF
Term
Negotiable
Unit #2
Size
900 SF
Term
Negotiable
Listing Agency:
LMT Commercial Realty, LLC.
Listed By:
Tyler Foresta · License DE RS-0025429
(302) 414-1000
Source:
Lmtcre
Added: Sep 26
Changed: Nov 10
Last Checked: Nov 12 at 4:36AM
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.
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Investment Insights
Based on property information with market context.
Two retail suites of approximately 900 SF each are available on Miller Road. One space is vacant, while the other remains in salon operation and is scheduled to become available November 1st. Existing salon layouts support personal-service use, with flexibility for other retail or service businesses.
The property is less than 0.5 mile from I-95 and Route 202/Concord Pike, with established residential neighborhoods in the surrounding area and access to North Wilmington and downtown Wilmington.
The property is less than 0.5 mile from I-95 and Route 202/Concord Pike, with established residential neighborhoods in the surrounding area and access to North Wilmington and downtown Wilmington.
Key Highlights
- Two retail units of 900 +/- SF each
- One space is available now; the operating salon space is available November 1st
- Existing salon layouts suit beauty and other personal‑service businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,426
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,520
$348.5K
Cap Rate 7%
$248,943
$248.9K
Cap Rate 9%
$193,622
$193.6K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$27.0K $15.00/SF
− Vacancy
−$2.1K −$1.17/SF
EGI
$24.9K $13.83/SF
− OpEx
−$7.5K −$4.15/SF
NOI
$17.4K $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%
$348,520
Cap Rate 7%
$248,943
Cap Rate 9%
$193,622
Alternative Uses
Best Use
Retail
$248.9K
$217.8K – $290.4K
NOI $17,426 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$430.5K
$376.7K – $502.3K
NOI $30,138 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
52k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 60%
Shops & Services 40%
The Home Depot
Home Improvements & Furnishings
31,230 visits/mo
0.2 miles
Dollar Tree
Shops & Services
13,792 visits/mo
0.2 miles
BP
Shops & Services
6,267 visits/mo
0.1 miles
Midas
Shops & Services
623 visits/mo
0.1 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Retail space in Wilmington
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Two salon-configured spaces accommodate retail and personal-service businesses.
Where is this retail space located?
The property is located at 3209 Miller Road Wilmington, DE.
What are key features of this property?
This property features: Two retail units of 900 +/- SF each; One space is available now; the operating salon space is available November 1st; Existing salon layouts suit beauty and other personal‑service businesses
