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Property profile & analytics

1026 Centerville Rd Wilmington, DE 19804-2004

  • Warehouses
  • 1,920 SF
  • 0.35 lot acres
OFF-MARKET
Last Sale
Jul 09, 2024
Value Estimations
$310,000
Show details
Cap Rate Potential
4.7%
Warehouses
Location Intelligence
Property ID
US17-0036314
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

  • Warehouses

Property Details for 1026 Centerville Rd

Year built
1968
Construction
CONCRETE
Lot size
0.35 lot acres
Property size
1,920 SF
Zone code
I
Property type
Warehouses
APN
07-042.10-019
APU
704210019

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $315,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $250,000
    6.5%
    $230,000
    7%
    $215,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $303,000
    Market price range: $137k - $303k

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


Location Insight

  • Map
  • Local Demand
City
Wilmington
County
New Castle
State
Delaware
Longitude
-75.6175
Latitude
39.7281
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
$3,296
$31,600
$55,300
$86,900
-
$0.00
$0.00
$0.00
More about this property
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