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Property profile & analytics
OFF-MARKET
Day care centers

1621 Heald St Wilmington, DE 19802-5146

3,734 SF 0.12 ac lot Built 1940
Individually Owned 21-yr Hold Free & Clear
Property ID
US17-0020568
Property summary
AI-generated overview

This exceptional investment opportunity presents an assemblage of two parcels totaling 0.12 acres, encompassing a 3,734 square foot office and/or warehouse building situated in the vibrant downtown Wilmington district. The property's strategic location offers unparalleled access to major transportation arteries, including the proximity to I-495 and the Port of Wilmington, significantly enhancing its logistical advantages. The existing structure provides a versatile foundation for a multitude of commercial uses. Potential applications include, but are not limited to, daycare facilities, storage warehousing, auto body repair shops, moving and hauling terminals, utility or pumping substations, recycling collection centers, and construction company operations. The seller is offering both parcels as a single, cohesive unit, presenting a unique chance to acquire a substantial property in a high-demand area. The building's size and layout offer considerable flexibility for adaptive reuse, catering to a wide range of business needs. This prime location, coupled with the property's functional attributes, makes it an attractive proposition for investors and entrepreneurs seeking a foothold in Wilmington's thriving commercial landscape. The combined acreage and building size provide ample space for expansion or modification, allowing for significant customization to suit specific operational requirements. This is a rare opportunity to acquire a well-positioned industrial property in a desirable location.

Property profile
Verified
Property type Day care centers
Use group DAY CARE, PRE-SCHOOL
Year built 1940
Construction CONCRETE
Total area 3,734 SF
Lot 0.12 ac (5,227 SF)
Zoning code 26C-5
APN 26-036.20-053
UPID US17-0020568
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
  • Shelia's Childcare Center Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Andrew J Gold · 21 yrs held
Andrew J Gold
since 2005
1 recorded transaction
2005
$110,000
Zoning & alternative use
26C-5 · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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