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    Property profile & analytics
    FOR SALE
    Warehouses

    15 Germay Dr, Wilmington, DE 19804

    8,688 SF 0.91 ac lot Built 2005
    Individually Owned 22-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US17-0457065
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 2005
    Construction CONCRETE
    Total area 8,688 SF
    Lot 0.91 ac (39,640 SF)
    Zoning code I
    APN 07-043.20-062
    UPID US17-0457065
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Cakes By Kim Bakery Specialty Food Shop
    • Religious Oils Religious Bookstore
    • Fastenal Fulfillment Center Big Box & Wholesale Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.04M
    Comparable Approach Comparable
    $495k
    Blend (final) Blend
    $750k
    Owner & transaction history
    Medori Ents
    Medori Ents
    2 recorded transactions
    1969
    1969
    Zoning & alternative use
    I · Wilmington, DE
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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