Property profile

1401 Pennsylvania Ave Wilmington, DE 19806

OFF-MARKET
Other retail properties
750 SF Built 1981
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Property summary

AI-generated overview

The property consists of a first-floor commercial condominium unit in the 1401 Pennsylvania Condominium Apartments. The interior layout includes a reception area, three additional rooms or workstations, an updated bathroom, and a dedicated storage area. The unit is configured for use by service-oriented business professionals, including personal service, wellness/therapy, and creative or office-based operations. The condominium building provides building maintenance and utilities (excluding internet and cable), along with access to one off-site parking spot managed via valet. The building also employs 24-hour security personnel. The location is near downtown Wilmington and Trolley Square, with proximity to parks and restaurants, and it provides convenient access to I-95.

Property profile

Verified
Property type Other retail properties
Year built 1981
Total area 750 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Law Firm
  • Hair Salon
  • Midwife Childbirth Class

Location

1401 Pennsylvania Ave Wilmington, DE 19806
Wilmington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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