Property profile & analytics
15 Germay Dr Wilmington, DE 19804
- Warehouses
- 8,688 SF
- 0.91 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US17-0457065
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
- Cakes By Kim / Bakery / Specialty Food Shop
- Religious Oils / Religious Bookstore
- Fastenal Fulfillment Center / Big Box & Wholesale Store
Property Details for 15 Germay Dr
- Year built
- 2005
- Construction
- CONCRETE
- Lot size
- 0.91 lot acres
- Property size
- 8,688 SF
- Zone code
- I
- Property type
- Warehouses
- APN
- 07-043.20-062
- APU
- 704320062
Description
This exceptional turnkey opportunity presents a thriving pastry and cake decorating business located at 15 Germay Drive, Wilmington, Delaware, 19804. The 2,244 square foot Class B retail space is priced at $275,000, or $122.55 per square foot. The sale includes all fixtures, furniture, and equipment (FF&E), a comprehensive inventory of small wares, confectionaries, and ingredients, and a valuable established customer database. The seller's extensive 27+ years of experience and proven recipes are also part of the asset purchase, ensuring a smooth transition for the new owner. A two-week training period is offered to facilitate a seamless handover of operations. The fully equipped commercial kitchen boasts state-of-the-art stoves and refrigeration, along with all the specialized tools and equipment necessary for creating custom cakes and pastries. This is a rare chance to acquire a well-established, profitable business with significant growth potential in a desirable location. The property is situated in New Castle County and offers immediate access to a loyal customer base. This is an ideal opportunity for a passionate entrepreneur seeking to own and operate a successful confectionery business.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,130,000
- 6.5%
- $1,040,000
- 7%
- $965,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $495,000
Market price range: $304k - $646k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $1,055,000 Current use
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Castle
- State
- Delaware
- Longitude
- -75.5783
- Latitude
- 39.7295
- 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
$0.00
$54,600
$177,800
$232,400
-
$0.00
$0.00
$0.00
