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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1200 Rocky Run Pkwy Wilmington, DE 19803-1456

    • Strip malls
    • 22,180 SF
    • 0.51 lot acres
    OFF-MARKET
    Value Estimations
    $705,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US17-0248556
    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

    • The Tile Shop / Hardware & Home Improvement / Carpet & Flooring Store

    Property Details for 1200 Rocky Run Pkwy

    Year built
    1993
    Construction
    CONCRETE
    Lot size
    0.51 lot acres
    Property size
    22,180 SF
    Zone code
    CR
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    06-019.00-009
    APU
    601900009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $780,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $627,000
      Market price range: $474k - $1.22M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $830,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,130,000
      Change: +36% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5489
    Latitude
    39.8242
    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
    2023
    $27,423
    $51,000
    $728,400
    $779,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      9,249 SF

      1 Murphy Rd

      SHOPPING CENTER, STRIP CENTER • 9,249 SF
      1 Murphy Rd, Wilmington, DE 19803-3044
      View Details
    • Value Estimation
      $1,600,000
      42,621 SF

      1601 Concord Pike Ste, Unit 1

      SHOPPING CENTER, STRIP CENTER • 42,621 SF
      1601 Concord Pike Ste, Wilmington, DE 19803-3638
      View Details
    • Value Estimation
      $615,000
      10,240 SF

      3901 Concord Pike

      SHOPPING CENTER, STRIP CENTER • 10,240 SF
      3901 Concord Pike, Wilmington, DE 19803-1715
      View Details
    • Value Estimation
      $11,035,000
      82,845 SF

      4737 Concord Pike Ste, Unit 410

      WHOLESALE OUTLET, DISCOUNT STORE • 82,845 SF
      4737 Concord Pike Ste, Wilmington, DE 19803-1431
      View Details
    • Value Estimation
      $41,135,000
      140,000 SF

      3010 Brandywine Pkwy

      REGIONAL SHOPPING CENTER, MALL • 140,000 SF
      3010 Brandywine Pkwy, Wilmington, DE 19803-1498
      View Details
    • Value Estimation by Request
      2,745 SF

      5353 Brandywine Pkwy

      REGIONAL SHOPPING CENTER, MALL • 2,745 SF
      5353 Brandywine Pkwy, Wilmington, DE 19803-1471
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      36,000 SF

      Retail Space in Shopping Center

      Available retail space in a large shopping center.
      & Concord Pike Rocky Run Pkwy, Wilmington, DE 19803
      View Details
    • Contact for pricing

      Prime Commercial Property on Concord Pike

      Exceptional visibility in Delaware's top retail corridor.
      3300 Concord Pike, Wilmington, DE 19803
      View Details
    • Contact for pricing

      Retail Space with Shared Parking

      Retail property featuring shared parking and signage opportunities.
      2904 Concord Pike, Wilmington, DE 19803
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    • Contact for pricing
      0.58 Acres

      Wilmington Retail Spaces Available

      High-visibility retail & office spaces. Multiple sizes.
      3300 Concord Pike, Wilmington, DE 19803
      View Details
    • $450,000

      Wilmington Specialty Property For Sale

      Specialty property available for purchase in Wilmington, Delaware.
      1108 Graylyn Rd, Wilmington, DE 19803
      View Details
    • $495,000

      Baynard Boulevard Specialty Property

      Specialty property available for sale on Baynard Boulevard.
      302 Baynard Blvd, Wilmington, DE 19803
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    Similar Nearby for Lease

    • $20 SF/Yr
      1,000 SF

      Retail Space in Murphy Road Plaza

      Highly visible end-cap unit in well-established retail center.
      1 Murphy Rd, Wilmington, DE 19803
      View Details
    • Contact for pricing
      4,200 SF

      Retail Space in Brandywine Center

      Retail space available in a large shopping center.
      2001 Brandywine Pkwy N, Wilmington, DE 19803
      View Details
    • Contact for pricing
      4,052 SF

      Retail Space on Concord Pike

      Neighborhood shopping center space for lease on Route 202.
      2900 Concord Pike, Wilmington, DE 19803
      View Details
    • Contact for pricing
      25,025 SF

      Brandywine Town Center Retail Space

      Retail space available in Brandywine Town Center, Wilmington, DE.
      3300 Brandywine Pkwy, Wilmington, DE 19803
      View Details
    • Contact for pricing
      15,900 SF

      Retail Space on Concord Pike

      Retail property available for lease with ample parking.
      4723 Concord Pike, Wilmington, DE 19803
      View Details
    • Contact for pricing
      4,000 SF

      Wilmington Retail Space For Lease

      Available retail space in high-traffic Wilmington location.
      3596 Concord Pike, Wilmington, DE 19803
      View Details

    Property Visit Statistics

    • Visits by month
      25.5k
    • Visitors by month
      21.4k
    • Avg Time on site
      47 min
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    1200 Rocky Run Pkwy
    Wilmington, DE 19803-1456
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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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