Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Property profile & analytics

1000 First State Blvd Wilmington, DE 19804

  • Warehouses
  • 12,400 SF
  • 5.15 lot acres
Value Estimation
$495,000
Location Intelligence
Property ID
US17-0232943
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

  • Warehouses

Property Details for 1000 First State Blvd

Year built
1986
Construction
CONCRETE
Lot size
5.15 lot acres
Property size
12,400 SF
Zone code
I
Property type
Warehouses
APN
08-051.00-009
APU
805100009

Description

This exceptional 14,320-square-foot industrial warehouse, situated on a 1.3-acre lot in Wilmington, Delaware, presents a compelling leasing opportunity. The single-tenant building, constructed in 1995, boasts a desirable location within the First State Industrial Park, offering easy access to major highways including I-95, I-295, I-495, Route 1, Route 13 via Route 141. Its strategic proximity to the City of Wilmington, Port of Wilmington, Delaware Memorial Bridge, Philadelphia International Airport, and other key transportation hubs enhances its logistical appeal. The property features a fenced and paved lot with wide gates for enhanced security, providing ample space for 35 vehicles. The warehouse itself offers a column-free open floor plan, three 12' x 14' drive-in doors, and three dock-high doors. Modern office space is included, complete with a kitchenette, IT closet, cubicle area, private offices, abundant natural light, and a separate sales counter. The building is equipped with efficient natural gas heating and air conditioning in the office area. Water and sewer services are provided by New Castle County. The property is zoned Industrial and is offered at a rate of $12.50 per square foot, NNN lease, with a 5-year lease available. This well-maintained facility represents a rare opportunity for businesses seeking a functional and strategically located warehouse in Delaware.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $435,000
  • CAP approach

    CAP return
    Estimation
    6%
    $565,000
    6.5%
    $570,000
    7%
    $555,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $600,000
    Geo Method
    $520,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $575,000
    Retail
    $615,000
    Mixed-Use
    $520,000
    Hospitality
    $600,000
    Educational
    $665,000
    Residential Income
    $655,000
    Energy
    $665,000
    Income-Based Land
    $655,000
    Food Service
    $670,000

Location Insight

  • Map
  • Local Demand
City
Wilmington
County
New Castle
State
Delaware
Longitude
-75.6364
Latitude
39.71
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
2024
$12,936
$174,500
$175,600
$350,100
-
$0.00
$0.00
$0.00
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message