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Property profile & analytics
FOR SALE
Commercial real estate

101 N Gray Ave Wilmington, DE 19805

1,600 SF 0.13 ac lot Built 1954
Entity Owned 21-yr Hold ~ Est. High Equity
Property ID
US17-0011768
Property summary
AI-generated overview

This exceptional owner-user opportunity presents a 4,708-square-foot freestanding office building situated on a 0.13-acre lot at 101 N. Gray Ave, Wilmington, DE 19805. Built in 1954, this two-story building boasts a solid masonry construction with an "A" frame truss/shingle roof system, recently updated with a new shingle roof and new gas HVAC systems. The interior is well-maintained and clean, featuring ample natural light from numerous windows. The first floor encompasses 3,380 square feet, including 2,740 square feet of private offices, a reception area, kitchenette, and additional workspaces. A 640-square-foot warehouse with a drive-in door adds versatility. The second floor offers 1,328 square feet, comprising 1,152 square feet of offices and a conference room, along with 176 square feet of loft storage. The property is zoned for commercial use and provides parking for 5-6 vehicles (stacked). Its convenient location on Gray Avenue offers easy access to the I-95, I-295, and I-495 interchanges, as well as proximity to Route 141 and the Barley Mill development. This is a rare opportunity to acquire a well-maintained, versatile office building in a desirable Wilmington location. The asking price is $595,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1954
Construction CONCRETE
Total area 1,600 SF
Lot 0.13 ac (5,663 SF)
Zoning code 26C-2
APN 26-025.20-021
UPID US17-0011768
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Micro Edge Inc Production Facility Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
B Properties · 21 yrs held
B Properties
since 2004
1 recorded transaction
2004
$335,000
Zoning & alternative use
26C-2 · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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