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

    1300 N Grant Ave Wilmington, DE 19806

    • Retail space
    • 16,100 SF
    • 1.63 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US17-0467467
    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

    • Samuel David Pratcher III Attorney At Law / Attorney / Personal Injury Attorney
    • Nicholas M. Krayer, Esq. / Attorney
    • William R. Stewart, III Esquire / Personal Injury Attorney
    • K T & D: Pisauro John / Insurance Agency
    • Leukemia & Lymphoma Society / Non-Profit Organization / Service Establishment

    Property Details for 1300 N Grant Ave

    Year built
    2003
    Construction
    ADOBE
    Lot size
    1.63 lot acres
    Property size
    16,100 SF
    Zone code
    26C-2
    Property type
    Retail space
    APN
    26-013.30-062
    APU
    2601330062

    Description

    This exceptional Wilmington, Delaware office property at 1300 North Grant Avenue offers two available Class A suites, totaling between 2,384 and 4,043 square feet. Situated conveniently near Pennsylvania Avenue (Route 52) and downtown Wilmington, this two-story building provides easy access to major transportation routes and city amenities. The property features a mix of private offices, open work areas, and shared amenities including conference and break rooms. The building boasts ample free parking for tenants and includes utilities in the lease. This is a multi-tenant building with one building on the site. The building is equipped with elevators for convenient access to both floors. The suites are ideal for businesses seeking a professional and efficient workspace in a prime Wilmington location. The property is located in New Castle County, Delaware, with a zip code of 19806. The precise total square footage of the building is not currently available. This is an excellent opportunity for businesses seeking a well-maintained and conveniently located office space in a thriving Delaware market. The property offers a blend of modern amenities and a strategic location, making it an attractive option for a variety of businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,600,000
      6.5%
      $2,400,000
      7%
      $2,225,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,217,000
      Market price range: $1.88M - $4.22M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,320,000
      Current use
      COMMERCIAL (GENERAL)
      $3,330,000
      Change: +0% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.568
    Latitude
    39.7575
    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
    $58,147
    $355,000
    $1,779,400
    $2,134,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,654 SF

      2001 Delaware Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,654 SF
      2001 Delaware Ave, Wilmington, DE 19806-2207
      View Details
    • Value Estimation by Request
      960 SF

      13 Trolley Sq

      RETAIL STORES (PERSONAL SERVICES) • 960 SF
      13 Trolley Sq, Wilmington, DE 19806
      View Details
    • Value Estimation
      $2,425,000
      14,950 SF

      1400 Dupont St

      RETAIL STORES (PERSONAL SERVICES) • 14,950 SF
      1400 Dupont St, Wilmington, DE 19806-4030
      View Details
    • Value Estimation by Request
      416 SF

      1320 Un St

      RETAIL STORES (PERSONAL SERVICES) • 416 SF
      1320 Un St, Wilmington, DE 19806-2534
      View Details
    • Value Estimation by Request
      980 SF

      1701 Lincoln St

      RETAIL STORES (PERSONAL SERVICES) • 980 SF
      1701 Lincoln St, Wilmington, DE 19806-2309
      View Details
    • Value Estimation
      $2,520,000
      12,870 SF

      1005 Delaware Ave

      RETAIL STORES (PERSONAL SERVICES) • 12,870 SF
      1005 Delaware Ave, Wilmington, DE 19806-4703
      View Details

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    Similar Nearby for Lease

    • $40 SF/Yr
      4,000 SF

      Retail Space in Wilmington

      Retail space available for lease in Wilmington, Delaware.
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      View Details
    • $213 SF/Yr
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      Thriving Wilmington restaurant, lease available.
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    • Contact for pricing
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      Office Space Near Brandywine River

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    • $15 SF/Yr
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      Office Space Near Trolley Square

      Office space for lease near shopping, restaurants, and I-95.
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    • $18 SF/Yr
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      Medical Office Space Available

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      Wilmington Executive Office Suites

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    1300 N Grant Ave
    Wilmington, DE 19806
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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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