Fully Renovated Warehouse with
900 S Heald St, Wilmington, DE 19801
For Sale
$2,800,000
Renovated warehouse with two-story office area, updated loading docks, and multiple drive-in doors for flexible operations.
Property Size19,226 SF
Days on Market143
Property Features for 900 S Heald St
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Clear Height
Dock-High Doors
Drive-In Doors
Additional Details
Highway Access
Building Details
Building Size
Year Built
Listing Agency:
LMT Commercial Realty / CORFAC International
Listed By:
Chris Moore, CCIM
(302) 414-1000
Source:
Lmtcre
Added: Jun 25
Changed: Oct 25
Last Checked: Nov 12 at 6:19AM
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 fully renovated warehouse includes a two-story office area and a high-clear ceiling configuration designed to support a range of distribution and operational needs. The property features updated loading docks and an updated asphalt parking area, along with four drive-in doors and a drive-in courtyard for efficient vehicle flow.
Located on S Heald Street in Wilmington, the property offers convenient access to I-495, I-95, the Delaware Memorial Bridge, and the Port of Wilmington. That connectivity supports logistics-oriented tenants and users focused on regional movement.
Offered for sale as a combined warehouse and office setup, the building can accommodate companies that want space for both warehousing and on-site administration in one facility. With multiple loading and drive-in access points, it is well suited for back-of-house operations that require straightforward ingress and egress, supported by the recently updated interior improvements and site upgrades described in the listing.
Located on S Heald Street in Wilmington, the property offers convenient access to I-495, I-95, the Delaware Memorial Bridge, and the Port of Wilmington. That connectivity supports logistics-oriented tenants and users focused on regional movement.
Offered for sale as a combined warehouse and office setup, the building can accommodate companies that want space for both warehousing and on-site administration in one facility. With multiple loading and drive-in access points, it is well suited for back-of-house operations that require straightforward ingress and egress, supported by the recently updated interior improvements and site upgrades described in the listing.
Key Highlights
- Fully renovated warehouse with two‑story office space
- 14‑16 +/- ft ceiling heights in the warehouse
- New asphalt parking area plus 4 updated loading docks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,746
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,994,920
$3.0M
Cap Rate 7%
$2,139,229
$2.1M
Cap Rate 9%
$1,663,844
$1.7M
Market Conditions
NOI Build-Up for 19,226 SF
Gross rent
$191.5K $9.96/SF
− Vacancy
−$15.3K −$0.80/SF
EGI
$176.2K $9.16/SF
− OpEx
−$26.4K −$1.37/SF
NOI
$149.7K $7.79/SF
Area
New Castle County, DE
Vacancy
8.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,994,920
Cap Rate 7%
$2,139,229
Cap Rate 9%
$1,663,844
Alternative Uses
Best Use
Warehouse
$2.14M
$1.87M – $2.50M
NOI $149,746 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.60M
$4.02M – $5.37M
NOI $321,908 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
16 ft
Clear height
4
Dock-high doors
5
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
Under-served
Demand for This Use
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 Warehouses in New Castle County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Public Storage — 4093 New Castle Ave, New Castle, DE 19720
Frequently Asked Questions
What type of property is this?
Warehouse - Renovated warehouse with two-story office area, updated loading docks, and multiple drive-in doors for flexible operations.
Where is this warehouse located?
The property is located at 900 S Heald St Wilmington, DE.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Fully renovated warehouse with two‑story office space; 14‑16 +/- ft ceiling heights in the warehouse; New asphalt parking area plus 4 updated loading docks
