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    Property profile & analytics

    1307 Newport Gap Pike Wilmington, DE 19804

    • Retail space
    • 15,072 SF
    • 3.10 lot acres
    For Lease
    View listing
    Value Estimation
    $670,000
    Location Intelligence
    Property ID
    US17-0037592
    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

    • Retail space

    Property Details for 1307 Newport Gap Pike

    Year built
    1972
    Construction
    CONCRETE
    Lot size
    3.10 lot acres
    Property size
    15,072 SF
    Zone code
    CR
    Property type
    Retail space
    APN
    07-041.20-021
    APU
    704120021

    Description

    This exceptional 4,300-square-foot warehouse is ideally situated in Wilmington, Delaware, within New Castle County. Located at 1307 Newport Gap Pike, zip code 19804, this single-tenant industrial property offers a unique opportunity for businesses seeking convenient access and high visibility. The warehouse benefits from its proximity to the Route 141 off-ramp, providing easy access for both employees and clients. A significant advantage is the large billboard space available on Route 141, offering unparalleled advertising potential for increased brand awareness and customer reach. Ample parking is provided, ensuring convenient access for staff and visitors. The property's location directly across from Delcastle Technical High School adds to its strategic positioning within the community. This industrial space presents a compelling combination of accessibility, visibility, and parking, making it an attractive option for a variety of businesses. The property is classified as a single-tenant warehouse, offering a streamlined and efficient operational environment. The total building square footage is 4,300 square feet.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $595,000

    • CAP approach

      CAP return
      Estimation
      6%
      $695,000
      6.5%
      $690,000
      7%
      $705,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $805,000
      Geo Method
      $700,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $705,000
      Retail
      $810,000
      Mixed-Use
      $725,000
      Hospitality
      $880,000
      Educational
      $850,000
      Residential Income
      $845,000
      Energy
      $865,000
      Income-Based Land
      $770,000
      Food Service
      $805,000

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.6206
    Latitude
    39.7281
    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
    $29,791
    $186,000
    $716,800
    $902,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      610 SF

      113 Stanton Rd

      RETAIL STORES (PERSONAL SERVICES) • 610 SF
      113 Stanton Rd, Wilmington, DE 19804-3625
      View Details
    • Value Estimation by Request
      837 SF

      2306 Newport Pike

      RETAIL STORES (PERSONAL SERVICES) • 837 SF
      2306 Newport Pike, Wilmington, DE 19804-3851
      View Details
    • Value Estimation by Request
      3,050 SF

      407 Old Dupont Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,050 SF
      407 Old Dupont Rd, Wilmington, DE 19804-1258
      View Details
    • Value Estimation
      $385,000
      3,000 SF

      1610 Newport Pike

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      1610 Newport Pike, Wilmington, DE 19804-2529
      View Details
    • Value Estimation
      $540,000
      2,500 SF

      609 Maryland Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      609 Maryland Ave, Wilmington, DE 19804-1631
      View Details
    • Value Estimation
      $350,000
      1,134 SF

      315 Maryland Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,134 SF
      315 Maryland Ave, Wilmington, DE 19804-1363
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $22 SF/Yr
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      View Details
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      First State Plaza Retail Space

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    • $1,250 /Mo
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      View Details
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    Wilmington, DE 19804
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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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