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    Property profile & analytics

    824 Philadelphia Pike Wilmington, DE 19809

    • Office Properties & Spaces
    • 2,350 SF
    • 0.19 lot acres
    For Sale
    View listing
    $749,900
    Value Estimation
    Last Sale
    Apr 08, 2025
    $725,000
    Location Intelligence
    Property ID
    US17-0141373
    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

    • DealCatcher.com / Corporate Office

    Property Details for 824 Philadelphia Pike

    Year built
    1959
    Construction
    CONCRETE
    Lot size
    0.19 lot acres
    Property size
    2,350 SF
    Zone code
    CN
    Property type
    Office Properties & Spaces
    APN
    06-132.00-199
    APU
    613200199

    Description

    This exceptional 4,250 square foot, two-story brick office building presents a fantastic opportunity for a small business seeking ownership. Located at 824 Philadelphia Pike in Wilmington, Delaware, this property boasts excellent visibility and is in pristine condition, allowing for immediate occupancy. The versatile floor plan seamlessly blends open and private workspaces, fostering a creative and productive environment. The first floor features a generously sized open area, complemented by a high-end, full-service kitchen. Additional first-floor amenities include private offices, a workout area, a meeting space, and a bathroom. Ascending a dramatic stair tower, the second floor offers a unique and inspiring workspace. This level includes glass-walled offices, a large conference room perfect for training sessions, and smaller offices suitable for flexible work arrangements. A second bathroom is conveniently located on the second floor. Ample surface parking is available both in front and at the rear of the building. A significant storage space and utility room add to the property's functionality. The building is equipped with gas-fired heat and central air conditioning, ensuring year-round comfort. The 0.19-acre lot provides convenient access and ample space. This move-in ready property is priced at $749,900.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $690,000

    • CAP approach

      CAP return
      Estimation
      6%
      $800,000
      6.5%
      $825,000
      7%
      $730,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $635,000
      Geo Method
      $640,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $720,000
      Retail
      $735,000
      Mixed-Use
      $765,000
      Hospitality
      $900,000
      Educational
      $800,000
      Residential Income
      $855,000
      Energy
      $900,000
      Income-Based Land
      $800,000
      Food Service
      $865,000

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.4957
    Latitude
    39.7728
    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
    $6,203
    $31,000
    $145,300
    $176,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,402 SF

      198 Hay Rd

      OFFICE (GENERAL) • 5,402 SF
      198 Hay Rd, Wilmington, DE 19809-3511
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    • Value Estimation by Request
      19,040 SF

      200 Bellevue Pkwy

      OFFICE (GENERAL) • 19,040 SF
      200 Bellevue Pkwy, Wilmington, DE 19809-3727
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      1,984 SF

      310 Brandywine Blvd

      OFFICE (GENERAL) • 1,984 SF
      310 Brandywine Blvd, Wilmington, DE 19809
      View Details
    • Value Estimation by Request
      19,198 SF

      1100 Carr Rd

      OFFICE (GENERAL) • 19,198 SF
      1100 Carr Rd, Wilmington, DE 19809-1610
      View Details
    • Value Estimation by Request
      21,350 SF

      100 Bellevue Pkwy

      OFFICE (GENERAL) • 21,350 SF
      100 Bellevue Pkwy, Wilmington, DE 19809-3700
      View Details
    • Value Estimation
      $370,000
      1,480 SF

      250 Philadelphia Pike

      OFFICE (GENERAL) • 1,480 SF
      250 Philadelphia Pike, Wilmington, DE 19809-3125
      View Details

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    • $10 SF/Yr
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      Versatile Office Space Available

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    824 Philadelphia Pike
    Wilmington, DE 19809
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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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