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    111 9Th St Wilmington, DE 19801

    • Retail space
    • 1,312 SF
    • 0.03 lot acres
    For Sale
    View listing
    $329,000
    Value Estimation
    Location Intelligence
    Property ID
    US17-0034466
    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

    • Shoe Tech Shoe Repair / Shoe Repair Shop

    Property Details for 111 9Th St

    Year built
    1920
    Construction
    CONCRETE
    Lot size
    0.03 lot acres
    Property size
    1,312 SF
    Zone code
    26C-4
    Property type
    Retail space
    APN
    26-035.20-050
    APU
    2603520050

    Description

    This exceptional investment opportunity presents a mixed-use property at 111 West 9th Street in Wilmington, Delaware's vibrant Central Business District. The property boasts a total of 2,578 square feet of net rentable space, currently configured as a ground-floor retail storefront and two upper floors ready for renovation. The asking price is $329,000. The building enjoys a high-visibility location, offering excellent exposure to pedestrian and vehicular traffic. Its strategic position directly across the street from "The Residence at Mid-Town Park," a luxury apartment complex, ensures a consistent flow of potential customers for the retail space and a strong tenant pool for future residential development. The current tenant occupies the ground floor storefront on a single tenancy agreement. The second and third floors offer significant potential for conversion into residential units, further enhancing the property's income-generating capabilities. This property is ideal for investors seeking a blend of immediate income and long-term appreciation potential in a thriving urban setting. The property's address is 111 W 9th St, Wilmington, DE 19801, situated in New Castle County.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $245,000
      6.5%
      $250,000
      7%
      $240,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $235,000
      Geo Method
      $225,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $230,000
      Retail
      $245,000
      Mixed-Use
      $275,000
      Hospitality
      $230,000
      Educational
      $230,000
      Residential Income
      $245,000
      Energy
      $250,000
      Income-Based Land
      $240,000
      Food Service
      $290,000

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5492
    Latitude
    39.7452
    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
    $4,306
    $98,000
    $21,400
    $119,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation by Request
      1,008 SF

      211 9th St

      RETAIL STORES (PERSONAL SERVICES) • 1,008 SF
      211 9th St, Wilmington, DE 19801-1619
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    • Value Estimation by Request
      6,454 SF

      913 Market St

      RETAIL STORES (PERSONAL SERVICES) • 6,454 SF
      913 Market St, Wilmington, DE 19801-3019
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    • Value Estimation by Request
      677 SF

      105 Christina Lndg Drt106

      RETAIL STORES (PERSONAL SERVICES) • 677 SF
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    • Value Estimation by Request
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      317 King St

      RETAIL STORES (PERSONAL SERVICES) • 494 SF
      317 King St, Wilmington, DE 19801-2523
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    • Value Estimation by Request
      3,538 SF

      1512 French St

      RETAIL STORES (PERSONAL SERVICES) • 3,538 SF
      1512 French St, Wilmington, DE 19801-3118
      View Details

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    111 9Th St
    Wilmington, DE 19801
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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
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