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    Property profile & analytics

    1601 Milltown Rd Wilmington, DE 19808

    • Commercial real estate
    • 3.91 lot acres
    For Sale
    View listing
    $299,000
    Value Estimation
    Last Sale
    Jan 25, 2024
    Location Intelligence
    Property ID
    US17-0005746
    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

    • Equity Search Inc / Tax Consultant
    • Law Office of Thomas D Shellenberger LLC / Attorney
    • Smile Solutions by Emmi Dental Associates / Dentist / Cosmetic Dentist
    • Jeffrey J. Emmi, DMD / Dentist / Cosmetic Dentist
    • Dr. Peter F. Subach, DMD / Oral Surgeon

    Property Details for 1601 Milltown Rd

    Lot size
    3.91 lot acres
    Zone code
    ON
    Property type
    Commercial real estate
    APN
    08-043.00-015
    APU
    804300015

    Description

    This exceptional mixed-use property, located at 1601 Milltown Road Unit 21 in Wilmington, Delaware, presents a unique investment opportunity. Boasting a generous 1700+ square feet of space, this three-level unit offers unparalleled versatility for a variety of office-based businesses. The flexible layout allows for the creation of two to three distinct office or business areas, thanks to the convenient placement of both front and rear entrances. This adaptability makes it ideal for businesses requiring separate workspaces or those seeking to maximize rental income through subleasing. The property's location in Wilmington ensures easy access to major transportation routes and a thriving business community. Ample parking is available on-site, providing convenient access for employees and clients. The asking price for this exceptional property is $299,000. This is a rare opportunity to acquire a well-situated, spacious, and adaptable commercial property in a desirable Delaware location. The potential for return on investment is significant, making this an attractive proposition for both established businesses and savvy investors. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.6704
    Latitude
    39.7287
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      1105 Highgate Rd

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      2601 Annand Dr Ste, Unit 23

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      1,072 SF

      2601 Annand Dr Ste, Unit 23

      COMMERCIAL (GENERAL) • 1,072 SF
      2601 Annand Dr Ste, Wilmington, DE 19808-3719
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    • Value Estimation by Request
      1,116 SF

      5149 Woodmill Dr

      COMMERCIAL (GENERAL) • 1,116 SF
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      12,000 sq ft retail space available for rent.
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    Wilmington, DE 19808
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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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