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    1716 Marsh Rd Wilmington, DE 19803
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    1716 Marsh Rd Wilmington, DE 19803

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    • Retail properties & Spaces
    • 4,725 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1716 Marsh Rd

    Property size
    4,725 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional turnkey restaurant opportunity in Wilmington, Delaware presents a rare chance to acquire an established gastro pub. Located at 1716 Marsh Rd, 19803, this 4,725 square foot space boasts a rich history, having operated successfully for 13 years. The property is currently vacant and available for sale at $350,000, representing a price per square foot of $74.07. All furniture, fixtures, and equipment are included in the sale, significantly reducing startup costs for the new owner. The sale also includes a transferable liquor license, a key asset for continued operation. The previous tenant enjoyed a strong local following, built on a reputation for high-quality craft beer (24 rotating taps!), rare brews, and an upscale menu. The monthly rent under a triple net (NNN) lease is $8,418. To ensure a smooth transition, the sellers are offering training to the new owner for two weeks following the settlement. This is a fantastic opportunity for an experienced restaurateur to step into a ready-made business with an established customer base and a proven track record. The property's prime location in New Castle County provides excellent visibility and accessibility. Don't miss this chance to own a thriving Delaware gastro pub.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5066
    Latitude
    39.8015

    Comparable in this City

    • Value Estimation
      $11,770,000
      86,656 SF

      4747 Concord Pike

      DEPARTMENT STORE • 86,656 SF
      4747 Concord Pike, Wilmington, DE 19803-1408
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    • Value Estimation
      $2,640,000
      19,250 SF

      5303 Concord Pike

      DEPARTMENT STORE • 19,250 SF
      5303 Concord Pike, Wilmington, DE 19803-1418
      View Details
    • Value Estimation
      $6,525,000
      47,976 SF

      4801 Concord Pike

      DEPARTMENT STORE • 47,976 SF
      4801 Concord Pike, Wilmington, DE 19803-1410
      View Details
    • Value Estimation by Request
      3,528 SF

      4003 Concord Pike

      RESTAURANT • 3,528 SF
      4003 Concord Pike, Wilmington, DE 19803-1717
      View Details
    • Value Estimation by Request
      3,370 SF

      2802 Concord Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,370 SF
      2802 Concord Pike, Wilmington, DE 19803-5009
      View Details
    • Value Estimation
      $630,000
      6,662 SF

      1811 Concord Pike

      RESTAURANT • 6,662 SF
      1811 Concord Pike, Wilmington, DE 19803-2901
      View Details

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    Similar Nearby for Lease

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    1716 Marsh Rd
    Wilmington, DE 19803
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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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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