10 Germay Dr Wilmington, DE 19804-1158
- Warehouses
- 2,449 SF
- 0.67 lot acres
May 01, 2024
Current Use by Public Records
- Commercial Trucks Trailers Tires / Tire Shop
Property Details for 10 Germay Dr
- Year built
- 1965
- Construction
- CONCRETE
- Lot size
- 0.67 lot acres
- Property size
- 2,449 SF
- Zone code
- I
- Property type
- Warehouses
- APN
- 07-039.40-018
- APU
- 703940018
Description
This exceptional 2,176-square-foot single-tenant property in Wilmington, Delaware, offers a unique blend of office and warehouse space. Located at 10 Germay Drive, 19804, this building sits on a 0.67-acre lot and provides convenient access to major transportation arteries, including I-95, Route 13, Route 1, and Route 4. The office area features a reception area, three to four private offices, an ADA-compliant bathroom, and an additional powder room. The warehouse component includes three separate storage rooms and a utility/laundry area. Five to six dedicated parking spaces are available on the side of the building. Currently configured as a veterinary clinic, this versatile space is ideal for a variety of businesses, including those in the service industry, small business operations, construction, or machine fabrication. The property's prime location in New Castle County, just outside Wilmington, offers unparalleled accessibility and visibility. This is a rare opportunity to secure a well-maintained and functional space perfectly suited for a growing enterprise. The property's layout and amenities provide a comfortable and efficient work environment. Don't miss this chance to establish your business in a strategic and convenient location.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $310,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $320,000
- 6.5%
- $295,000
- 7%
- $275,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $386,000
Market price range: $175k - $387k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $295,000 Current use
- COMMERCIAL (GENERAL)
- $505,000 Change: +70% Conversion: Difficult
- RETAIL STORES
- $505,000 Change: +70% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Castle
- State
- Delaware
- Longitude
- -75.5793
- Latitude
- 39.7302
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA