Mixed-Use Property With Three
9 E 44TH STREET, Wilmington, DE 19802
For Sale
$489,000
Mixed-use configuration combines separately accessed residential areas with substantial street-level commercial space and outdoor lot area.
Property Size5,259 SF
Price / SF$92.98
Days on Market98
Property Features for 9 E 44TH STREET
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Crown Homes Real Estate
(302) 504-6147
Listed By:
Michael Mulski · License DE RS0040131
(302) 609-9888
Source:
Cummingsrealtors
Added: Aug 5
Changed: Nov 6
Last Checked: Nov 8 at 6:49AM
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 Crown Homes Real Estate
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Investment Insights
Based on property information with market context.
This mixed-use property contains 5,259 square feet and was built in 1930. The building combines residential areas with a street-level commercial component arranged into three large bays. Separate access points provide functional separation between the residential portions and commercial space, supporting distinct occupancy arrangements within the same building.
The property is located at 9 E 44th Street in Wilmington, Delaware. A generously sized lot adds outdoor area associated with the building, while the commercial bays provide a substantial footprint for business operations or storage-related functions. Buyers should independently confirm zoning, permitted uses, legal dwelling-unit count, rental licensing, parking requirements, and potential lot uses with the appropriate authorities.
The property is located at 9 E 44th Street in Wilmington, Delaware. A generously sized lot adds outdoor area associated with the building, while the commercial bays provide a substantial footprint for business operations or storage-related functions. Buyers should independently confirm zoning, permitted uses, legal dwelling-unit count, rental licensing, parking requirements, and potential lot uses with the appropriate authorities.
Key Highlights
- 5,259‑square‑foot mixed‑use property at 9 E 44th Street, Wilmington, DE 19802
- Three large street‑level commercial bays
- Residential areas have separate access points
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,653
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,060
$593.1K
Cap Rate 7%
$423,614
$423.6K
Cap Rate 9%
$329,478
$329.5K
Market Conditions
NOI Build-Up for 5,259 SF
Gross rent
$47.3K $9.00/SF
− Vacancy
−$5.0K −$0.95/SF
EGI
$42.4K $8.06/SF
− OpEx
−$12.7K −$2.42/SF
NOI
$29.7K $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 Rate 5%
$593,060
Cap Rate 7%
$423,614
Cap Rate 9%
$329,478
Alternative Uses
Best Use
Multifamily LT 5
$796.6K
$697.0K – $929.4K
NOI $55,761 @ 7.0% cap · market cap 11.40%
Second Best
Mixed Use
$765.6K
$669.9K – $893.2K
NOI $53,594 @ 7.0% cap · market cap 10.96%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,053 @ 7.0% cap · market cap 18.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
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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
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Market
Properties on Market for Mixed-use properties in Wilmington
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use configuration combines separately accessed residential areas with substantial street-level commercial space and outdoor lot area.
Where is this mixed-use property located?
The property is located at 9 E 44TH STREET Wilmington, DE.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: 5,259‑square‑foot mixed‑use property at 9 E 44th Street, Wilmington, DE 19802; Three large street‑level commercial bays; Residential areas have separate access points
