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    407 Meco Dr Wilmington, DE 19804

    Sponsored
    For Lease
    $10 SF/Yr ($9,200 /Mo)

    11,040 SF Flex Space, Delaware

    Lot size:
    11,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 11,040-square-foot flex space in Wilmington, Delaware, presents a unique investment opportunity. Located at 407 Meco Dr, this single-story Class D building sits on a 0.87-acre lot within the Boxwood Industrial Park and offers convenient access to major highways including I-95, Route 141, I-295, and I-495. Its strategic location outside Wilmington city limits provides easy access to the Delaware Memorial Bridge and the Port of Wilmington. The property features a blend of office and warehouse/flex space, totaling 11,040 square feet, with 6,500 square feet currently vacant and available for lease. The existing layout includes approximately 1,500 square feet of air-conditioned office space and 5,000 square feet of warehouse/flex space with heating. A 1,000-square-foot section of the warehouse/flex space has been upgraded to include air conditioning and heating, creating a versatile showroom area. Both the office and warehouse areas have separate entrances but are internally connected for seamless workflow. The property includes one drive-in overhead door, accommodating large trucks and trailers. The asking rent is $10 per square foot on a modified gross lease. The property is zoned I-UDC-Industrial and lacks elevators, sprinklers, loading docks, and a backup power generator. This property offers excellent connectivity to regional, national, and international destinations via Philadelphia International Airport (PHL), Wilmington Airport (ILG), Amtrak/SEPTA Wilmington Station (WIL), and major interstate highways.

    Property Features for 407 Meco Dr

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,040 SF
    Class
    D
    Total Rate
    9200

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    6,500 SF
    Rate per SF
    $10
    Space
    Available Space 2
    Size
    1,500 SF
    Rate per SF
    $10
    Space
    Available Space 3
    Size
    5,000 SF
    Rate per SF
    $10

    HighLights

    • Asking price: $10/SF, Modified Gross Lease.
    • Motivated Seller, offers encouraged.
    • 11,040 SF total building area.
    • 6,500 SF available for lease.
    • 5,000 SF warehouse space.
    • 1,500 SF office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    HorsePowerAddicts Car Repair And Maintenance Service Royal Plus Disaster ... Water Damage Restoration Service Annex Marketplace E Commerce Agency Signature Cabinetry Ltd Cabinet Maker

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5806869
    Latitude
    39.7245591

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    FAQs

    What type of property is this?
    Distribution property - 11,040 SF Flex Space, Delaware
    Where is this distribution property located?
    The property is located at 407 Meco Dr Wilmington, DE.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Asking price: $10/SF, Modified Gross Lease.; Motivated Seller, offers encouraged.; 11,040 SF total building area.
    Request Owner's contact information
    407 Meco Dr Wilmington, DE 19804
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    Realmo Value Estimation

    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.

    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
    407 Meco Dr Wilmington, DE 19804
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