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    Property profile & analytics

    1401 Latimer Cir Wilmington, DE 19805-4501

    • Grocery and convenience stores
    • 1,612 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $355,000
    Location Intelligence
    Property ID
    US17-0305059
    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

    • Grocery and convenience stores

    Property Details for 1401 Latimer Cir

    Year built
    1969
    Construction
    CONCRETE
    Lot size
    0.11 lot acres
    Property size
    1,612 SF
    Zone code
    CN
    Property type
    Grocery and convenience stores
    APN
    07-039.40-369
    APU
    703940369

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $490,000
      6.5%
      $500,000
      7%
      $465,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $485,000
      Geo Method
      $465,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $450,000
      Retail
      $410,000
      Mixed-Use
      $490,000
      Hospitality
      $460,000
      Educational
      $510,000
      Residential Income
      $450,000
      Energy
      $435,000
      Income-Based Land
      $425,000
      Food Service
      $380,000

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5736
    Latitude
    39.7353
    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
    $2,814
    $14,400
    $68,400
    $82,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,010,000
      42,290 SF

      3901 Lancaster Pike

      GROCERY, SUPERMARKET • 42,290 SF
      3901 Lancaster Pike, Wilmington, DE 19805-1514
      View Details
    • Value Estimation
      $3,645,000
      3,421 SF

      1001 Ctr Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 3,421 SF
      1001 Ctr Rd, Wilmington, DE 19805-1272
      View Details
    • Value Estimation
      $430,000
      2,870 SF

      915 New Rd

      CONVENIENCE STORE • 2,870 SF
      915 New Rd, Wilmington, DE 19805-5130
      View Details
    • Value Estimation
      $420,000
      2,871 SF

      2701 Lancaster Ave

      CONVENIENCE STORE • 2,871 SF
      2701 Lancaster Ave, Wilmington, DE 19805-5220
      View Details
    • Value Estimation
      $515,000
      14,451 SF

      1412 Lancaster Ave

      GROCERY, SUPERMARKET • 14,451 SF
      1412 Lancaster Ave, Wilmington, DE 19805-3905
      View Details
    • Value Estimation
      $370,000
      1,120 SF

      4001 Lancaster Pike

      CONVENIENCE STORE (W/FUEL PUMP) • 1,120 SF
      4001 Lancaster Pike, Wilmington, DE 19805-1516
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,340 SF

      Prime Commercial Space on Kirkwood Highway

      11,500 SF commercial space for lease in Wilmington, DE.
      1900 Kirkwood Hwy, Wilmington, DE 19805
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    • $235,000

      Union Street Duplex For Sale

      Duplex with commercial and residential units, ideal for investors.
      202 N Union St, Wilmington, DE 19805
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    • Contact for pricing
      11,500 SF

      Prime Commercial Space Available

      11,500 SF commercial space for lease in Wilmington, DE.
      1900 Kirkwood Hwy, Wilmington, DE 19805
      View Details
    • New
      $144,999
      1,480 SF

      Seven Garages Plus Buildable Lot

      Seven garages with a buildable lot in Wilmington, DE.
      923 Wright St, Wilmington, DE 19805
      View Details
    • $580,000
      0.08 Acres

      Mixed-Use Income Property For Sale

      Fully occupied mixed-use property with a thriving restaurant and residential units.
      621 Maryland Ave, Wilmington, DE 19805
      View Details
    • New
      $580,000
      0.08 Acres

      Mixed-Use Income Property, Wilmington

      Fully occupied mixed-use property with restaurant and residential units.
      621 Maryland Ave, Wilmington, DE 19805
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,130 SF

      Prime Retail Space Available

      Retail space in a bustling commercial district with high visibility.
      1901 W 11Th St, Wilmington, DE 19805
      View Details
    • $1,200 /Mo
      500 SF

      Retail Space in Wilmington, DE

      Retail space available in Wilmington, Delaware, with high visibility.
      Wilmington Ave, New Castle, DE 19805
      View Details
    • $18 SF/Yr
      2,090 SF

      Kirkwood Highway Retail/Office Space

      Office/Retail building for lease in a prime location.
      2212 Kirkwood Hwy, Wilmington, DE 19805
      View Details
    • Contact for pricing
      2,040 SF

      Retail Space in Wilmington

      Retail space available for lease in Wilmington, Delaware.
      2511 W 4Th St, Wilmington, DE 19805
      View Details
    • $17 SF/Yr
      3,500 SF

      Retail/Flex Space with Drive-In

      Retail/flex space with drive-in access, suitable for various operations.
      912 N Union St, Wilmington, DE 19805
      View Details
    • $19 SF/Yr
      2,150 SF

      Retail and Office Center Space

      Neighborhood retail and office center with high foot traffic.
      500-540 Greenhill Ave, Wilmington, DE 19805
      View Details
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    Wilmington, DE 19805-4501
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    Realmo Value Estimation

    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.

    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.

    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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