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    Property profile & analytics

    1000 Heald St Wilmington, DE 19801

    • Manufacturing properties
    • 70,000 SF
    • 7.92 lot acres
    For Lease
    View listing
    Value Estimations
    $930,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US17-0179271
    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

    • Borsello Masonry, Inc. / Masonry Contractor
    • Design Contracting Incorporated / Excavating Contractor / Demolition Contractor
    • National Paper Recycling / Recycling Center
    • Russell Plywood / Building Materials Supplier / Woodworker

    Property Details for 1000 Heald St

    Year built
    1948
    Construction
    CONCRETE
    Lot size
    7.92 lot acres
    Property size
    70,000 SF
    Zone code
    HI
    Property type
    Manufacturing properties
    APN
    10-001.00-047
    APU
    1000100047

    Description

    This Wilmington, DE industrial warehouse offers 2,424 square feet of vacant space within a larger 5,646 square foot building situated on an 18,000 square foot lot. The property is conveniently located at 1000 N Heald St, near the intersection of N. Heald Street and E. Eleventh Street, offering easy access to I-495 (approximately one mile away). The space features a 36' wide by 58' deep layout, and includes an unfinished 24' x 14' office area. A large, fenced-in lot provides secure outside storage with a separate gate access. Plumbing hook-ups are in place for a bath and toilet. The property boasts 200 amp, 3-phase power, although heat and water are not included. There's potential for an additional 16' x 10' overhead door on the Eleventh Street side. The tax parcel address is listed as 1120 E Eleventh Street. This multi-tenant building presents a versatile opportunity for contractors or businesses needing industrial space with ample outdoor storage. The property is ideal for those seeking a functional and secure location with convenient highway access.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $930,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5488
    Latitude
    39.7203
    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
    $31,348
    $277,200
    $662,800
    $940,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $325,000
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      300 11th St

      MANUFACTURING (LIGHT) • 3,999 SF
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      View Details
    • Value Estimation
      $490,000
      17,060 SF

      803 4th St

      MANUFACTURING (LIGHT) • 17,060 SF
      803 4th St, Wilmington, DE 19801-4517
      View Details
    • Value Estimation
      $640,000
      38,564 SF

      101 Church St

      HEAVY MANUFACTURING • 38,564 SF
      101 Church St, Wilmington, DE 19801
      View Details
    • Value Estimation
      $295,000
      3,020 SF

      735 Market St

      FOOD PACKING, PACKING PLANT • 3,020 SF
      735 Market St, Wilmington, DE 19801-5238
      View Details
    • Value Estimation
      $670,000
      37,256 SF

      900 Church St

      HEAVY MANUFACTURING • 37,256 SF
      900 Church St, Wilmington, DE 19801
      View Details
    • Value Estimation
      $550,000
      9,753 SF

      30 Commerce St

      MANUFACTURING (LIGHT) • 9,753 SF
      30 Commerce St, Wilmington, DE 19801-5426
      View Details

    Similar Nearby for Sale

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      Renovated Warehouse with Office Space

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      View Details
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    Wilmington, DE 19801
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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