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Property profile & analytics
OFF-MARKET
Warehouses

1026 Centerville Rd Wilmington, DE 19804-2004

1,920 SF 0.35 ac lot Built 1968
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US17-0036314
Property summary
AI-generated overview

This exceptional 2,752-square-foot warehouse space at 1026 Centerville Road presents a unique leasing opportunity. Ideally situated at the entrance to Route 141, it boasts convenient access to major interstates I-95, I-495, and I-295 (within 1.5 miles of the I-95/I-495/I-295/Route 141 interchange). The property is zoned I and features both 10' and 14' ceiling heights, providing ample vertical space. The warehouse includes a storefront entrance, a roll-up door, and a sizable lay-down area. Ample parking is available. Before occupancy, the building will undergo significant improvements, including a fresh coat of paint, roof sealing, and a completely resealed and restriped parking lot. This is the first time this building, occupied by the same tenant for over 40 years, has been offered for lease to the public. High-visibility rooftop signage is available, offering excellent branding opportunities visible from Route 141 and Centerville Road, including the Route 141 on-ramp. The property's location across from an Amazon distribution center and adjacent to Delaware Brick provides exceptional visibility and access to a robust commercial network. This fully conditioned warehouse space is ready for immediate occupancy.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1968
Construction CONCRETE
Total area 1,920 SF
Lot 0.35 ac (15,246 SF)
Zoning code I
APN 07-042.10-019
UPID US17-0036314
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
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
Clete Realty LLC · 2 yrs held
Clete Realty LLC
since 2024
2 recorded transactions
2025
Price N/A
2024
Price N/A
Zoning & alternative use
I · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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