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    Property profile & analytics

    401 Philadelphia Pike Wilmington, DE 19809-2152

    • Turn key restaurants
    • 2,568 SF
    • 1.69 lot acres
    OFF-MARKET
    Value Estimations
    $450,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US17-0009648
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • WSFS ATM / Atm
    • Murph's Irish Pub / Irish Pub / Bar

    Property Details for 401 Philadelphia Pike

    Year built
    1985
    Construction
    CONCRETE
    Lot size
    1.69 lot acres
    Property size
    2,568 SF
    Zone code
    CN
    Property type
    Turn key restaurants
    APN
    06-139.00-133
    APU
    613900133

    Description

    This exceptional retail opportunity is located at 401 Philadelphia Pike in Wilmington, Delaware, within the vibrant Claymont community. The property offers three available spaces, ranging in size from 566 square feet to 1,435 square feet, perfect for a variety of retail or office uses. Situated in New Castle County, zip code 19809, this prime location boasts exceptional visibility and high traffic volume, ensuring consistent customer flow. The property's strategic positioning within a bustling area attracts both local residents and visitors, providing an ideal environment for business growth. This multi-tenant building presents a chance to establish or expand your business in a thriving Delaware community. The property is classified as retail with office subtype. Interested parties should inquire for specific lease terms and availability details for each of the three individual spaces. The address is easily accessible and benefits from strong local foot traffic and visibility from Philadelphia Pike. This is a unique opportunity to secure a prominent retail presence in a high-demand area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Estimation
      $385,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $515,000
      6.5%
      $480,000
      7%
      $495,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $550,000
      Geo Method
      $490,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $645,000
      Retail
      $480,000
      Mixed-Use
      $570,000
      Hospitality
      $525,000
      Educational
      $645,000
      Residential Income
      $565,000
      Energy
      $660,000
      Income-Based Land
      $575,000
      Food Service
      $505,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5084
    Latitude
    39.7676
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,014
    $131,900
    $266,400
    $398,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $385,000
      715 SF

      514 Philadelphia Pike

      RESTAURANT • 715 SF
      514 Philadelphia Pike, Wilmington, DE 19809-2155
      View Details
    • Value Estimation
      $355,000
      2,107 SF

      702 Philadelphia Pike

      RESTAURANT • 2,107 SF
      702 Philadelphia Pike, Wilmington, DE 19809-2540
      View Details
    • Value Estimation by Request
      2,206 SF

      1815 Philadelphia Pike

      RESTAURANT • 2,206 SF
      1815 Philadelphia Pike, Wilmington, DE 19809-1544
      View Details
    • Value Estimation
      $360,000
      2,062 SF

      1607 Philadelphia Pike

      RESTAURANT • 2,062 SF
      1607 Philadelphia Pike, Wilmington, DE 19809-1540
      View Details
    • Value Estimation
      $390,000
      3,061 SF

      522 Philadelphia Pike

      RESTAURANT • 3,061 SF
      522 Philadelphia Pike, Wilmington, DE 19809-2155
      View Details
    • Value Estimation by Request
      4,070 SF

      301 Bellevue Pkwy

      RESTAURANT • 4,070 SF
      301 Bellevue Pkwy, Wilmington, DE 19809-3705
      View Details

    Similar Nearby for Sale

    • $325,000
      2,520 SF

      Commercial Kitchen with Garage Access

      Equipped commercial kitchen with garage access in established Gwinhurst community.
      2107 Harrison Ave, Wilmington, DE 19809
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    • $509,000
      1,912 SF

      Retail Property on Philadelphia Pike

      Retail property available for sale in Wilmington, Delaware.
      1810 Philadelphia Pike, Wilmington, DE 19809
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    • $129,000

      Wilmington Apartment for Sale

      Apartment in Wilmington, DE, available for purchase.
      1100 Lore Ave, Wilmington, DE 19809
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    • $180,000

      Specialty Property For Sale

      Specialty property available for purchase.
      13 S Rodney Dr, Wilmington, DE 19809
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    • $749,900
      4,250 SF

      Wilmington Office Building For Sale

      Modern Office, High Visibility, Move-In Ready
      824 Philadelphia Pike, Wilmington, DE 19809
      View Details
    • Contact for pricing
      0.80 Acres

      Highly Visible Wilmington Lot

      Prime Development Land, 0.8 Acres
      1101 Philadelphia Pike, Wilmington, DE 19809
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,545 SF

      Prime Retail Space with Drive-Through

      Versatile commercial property with double drive-through in Wilmington.
      814 Philadelphia Pike, Wilmington, DE 19809
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Holly Oak

      Retail space available in Wilmington, DE with high visibility.
      1508 Philadelphia Pike, Wilmington, DE 19809
      View Details
    • $26 SF/Yr
      27,582 SF

      Edgemoor Office Suites

      Delaware Executive Office Space Available
      6 Denny Rd, Edgemoor, DE 19809
      View Details
    • $18 SF/Yr
      720 SF

      Retail Space in Claymont, DE

      Established retail space in high-traffic Claymont, Delaware.
      401-405 Philadelphia Pike, Wilmington, DE 19809
      View Details
    • $10 SF/Yr
      6,500 SF

      Versatile Office Space Available

      6,500 SF upper floor space for lease.
      100 Philadelphia Pike, Wilmington, DE 19809
      View Details
    • $14 SF/Yr
      12,150 SF

      Wilmington Warehouse with Fenced Yard

      High-visibility warehouse with flexible space and fenced storage yard.
      Wilmington, DE 19809
      View Details
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    Wilmington, DE 19809-2152
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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