401 Maryland Ave Wilmington, DE 19805
Two leased retail units totaling 1,967 +/- SF operate as a barber shop and hair salon.
Property Features for 401 Maryland Ave
General Information
- Standard status
- Active
- Size
- 1,967 SF
- Property subtype
- RETAIL
Listing office LMT Commercial Realty / CORFAC International (302) 530-1233
Listing date Jul 7, 2026
Source Moodyscre
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
Investment Insights
Based on property information with market context.
The building provides strong visibility along Maryland Avenue, with reported AADT of 13,833 +/- VPD. It is located just off Interstate 95, supporting convenient access and connectivity to surrounding areas, including nearby residential neighborhoods.
Key Highlights
- Two retail units totaling 1,967 +/- SF, operating as a barber shop (1st floor) and hair salon (2nd floor)
- Both retail units are currently leased
- Strong visibility along Maryland Avenue with AADT 13,833 +/- VPD
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.5k | $15.00 |
| − Vacancy | −$2.3k | −$1.17 |
| EGI | $27.2k | $13.83 |
| − OpEx | −$8.2k | −$4.15 |
| NOI | $19.0k | $9.68 |
Alternative Uses
Property Analytics
Current Use by Public Records
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