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Property profile & analytics

10 Germay Dr Wilmington, DE 19804-1158

  • Warehouses
  • 2,449 SF
  • 0.67 lot acres
OFF-MARKET
Last Sale
May 01, 2024
Value Estimations
$325,000
Show details
Cap Rate Potential
6.1%
Warehouses
Location Intelligence
Property ID
US17-0473513
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

  • 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

based on Realmo’s proprietary methodology
  • 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

Get a detailed, property-specific valuation — fast and free


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

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
2024
$4,992
$58,400
$88,500
$146,900
-
$0.00
$0.00
$0.00
More about this property
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