1000 First State Blvd Wilmington, DE 19804
- Warehouses
- 12,400 SF
- 5.15 lot acres
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
-
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