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Property profile & analytics
OFF-MARKET
Turn key restaurants
1709 Delaware Ave, Wilmington, DE 19806-2329
Entity Owned
~
Est. High Equity
Property ID
US17-0240802
Property summary
AI-generated overview
This exceptional restaurant opportunity is located at 1709 Delaware Avenue in Wilmington, Delaware, within the desirable Trolley Square neighborhood. The property boasts a prime location in the heart of the Forty Acres dining scene, known for its diverse culinary offerings and strong community of food enthusiasts. This single-tenant space offers 3,936 square feet on a 0.08-acre lot in New Castle County, zip code 19806. The current lease commenced in 2022 and extends until 2027, presenting a strong investment opportunity for a prospective tenant. Trolley Square's charming atmosphere and high foot traffic create an ideal environment for a successful restaurant operation. The property's strategic location within this vibrant and popular dining destination ensures significant visibility and accessibility to a large customer base. This is a rare chance to secure a well-established restaurant space in a thriving Wilmington community. The asking lease price is not included in this listing.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1930
Construction
CONCRETE
Total area
1,480 SF
Lot
0.07 ac (3,049 SF)
Zoning code
26C-1
APN
26-013.40-045
UPID
US17-0240802
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
-
Valoso Film Production Television Studio
-
Grain Craft Bar + Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Delaware Ave LLC
Delaware Ave LLC
since 2026
7 recorded transactions
Zoning & alternative use
26C-1 · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,828
Tax year 2023
Assessed value
$103,800
Assessed 2023
Previous assessed
$103,800
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$15,200
Assessed improvement
$88,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1930
Construction
CONCRETE
Heating
YES
Buildings
2
Stories
1
Total area
1,480 SF
Lot
0.07 ac (3,049 SF)
Zoning code
26C-1
APN
26-013.40-045
UPID
US17-0240802
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
26C-1 · Wilmington, DE
Zoning 26C-1 · permitted uses
26C-1 · Wilmington, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wilmington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Construction
CONCRETE
Heating
YES
Stories
1
Buildings
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Delaware Ave LLC
Entity
Mailing address
37369 MARTIN ST, REHOBOTH BEACH, DE 19971-8046
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2026
—
Delaware Ave LLC
Trolley Square Properties LLC
Deed
—
Jan 13, 2025
—
Trolley Square Properties LLC
—
Deed
related
$2,060,000 · Shore United Bank NA
Feb 1, 2019
—
Trolley Square Properties LLC
Winston R O I Consulting LLC
Deed
$1,060,500 · M & T Bank
Mar 30, 2017
—
Winston R O I Consulting LLC
—
Deed
related
$450,000 · Wilmington Savings Fund Society Fsb
Dec 9, 2015
—
Winston Roi Consulting LLC
Martin,scott
Grant Deed
related
—
Jan 8, 2014
—
R O I Consultants LLC
Martin,scott
Grant Deed
—
Jan 6, 2014
—
Scott Martin
Jakeys Associates
Grant Deed
—
Jul 6, 2004
$10
Jakeys Associates
Jakeys Associates
Grant Deed
related
—
—
—
Jakeys Associates
—
Deed Of Trust
related
$300,000 · Wilmington Trust Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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