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    Property profile & analytics

    2005 Pennsylvania Ave Wilmington, DE 19806

    • Grocery and convenience stores
    • 3,447 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimation
    $340,000
    Location Intelligence
    Property ID
    US17-0055618
    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 2005 Pennsylvania Ave

    Year built
    2020
    Construction
    CONCRETE
    Lot size
    0.37 lot acres
    Property size
    3,447 SF
    Zone code
    26C-2
    Property type
    Grocery and convenience stores
    APN
    26-020.10-004
    APU
    2602010004

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $330,000

    • CAP approach

      CAP return
      Estimation
      6%
      $370,000
      6.5%
      $370,000
      7%
      $360,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $330,000
      Geo Method
      $370,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $380,000
      Retail
      $405,000
      Mixed-Use
      $390,000
      Hospitality
      $305,000
      Educational
      $395,000
      Residential Income
      $375,000
      Energy
      $395,000
      Income-Based Land
      $385,000
      Food Service
      $345,000

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5685
    Latitude
    39.7569
    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
    $0.00
    $161,200
    $166,000
    $327,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $375,000
      3,258 SF

      1022 Delaware Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 3,258 SF
      1022 Delaware Ave, Wilmington, DE 19806-4704
      View Details
    • Value Estimation
      $675,000
      21,873 SF

      1401 Dupont St

      GROCERY, SUPERMARKET • 21,873 SF
      1401 Dupont St, Wilmington, DE 19806-4029
      View Details
    • Value Estimation by Request
      2,496 SF

      1801 Pennsylvania Ave

      CONVENIENCE STORE • 2,496 SF
      1801 Pennsylvania Ave, Wilmington, DE 19806-4037
      View Details
    • Value Estimation
      $420,000
      1,152 SF

      1701 Pennsylvania Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 1,152 SF
      1701 Pennsylvania Ave, Wilmington, DE 19806-4019
      View Details
    • Value Estimation by Request
      2,654 SF

      2001 Delaware Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,654 SF
      2001 Delaware Ave, Wilmington, DE 19806-2207
      View Details
    • Value Estimation
      $325,000
      960 SF

      13 Trolley Sq

      RETAIL STORES (PERSONAL SERVICES) • 960 SF
      13 Trolley Sq, Wilmington, DE 19806
      View Details

    Similar Nearby for Sale

    • $199,900

      Prime Commercial Space on Pennsylvania Avenue

      First-floor commercial condo with private entrance and excellent visibility.
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      Cafe Opportunity in The Devon

      Fully equipped cafe in a prime Wilmington residential building.
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      Prime Wilmington Storefront

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      Commercial Land For Sale

      Commercial land available for sale.
      1401 Pennsylvania Ave, Wilmington, DE 19806
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    • $499,900

      Shallcross Avenue Specialty Property

      Specialty property available for sale on Shallcross Avenue.
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      GILPIN Ave, Wilmington, DE Property

      Specialty property available for sale in Wilmington, DE.
      1913 Gilpin Ave, Wilmington, DE 19806
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    Similar Nearby for Lease

    • $40 SF/Yr
      4,000 SF

      Retail Space in Wilmington

      Retail space available for lease in Wilmington, Delaware.
      1611 Pennsylvania Ave, Wilmington, DE 19806
      View Details
    • $213 SF/Yr
      3,936 SF

      Delaware Ave Restaurant - For Lease

      Thriving Wilmington restaurant, lease available.
      1709 Delaware Ave, Wilmington, DE 19806
      View Details
    • Contact for pricing
      3,000 SF

      Office Space Near Brandywine River

      Office space in park-like setting near Brandywine River.
      2 Mill Rd, Wilmington, DE 19806
      View Details
    • $15 SF/Yr
      10,560 SF

      Office Space Near Trolley Square

      Office space for lease near shopping, restaurants, and I-95.
      1200 Pennsylvania Ave, Wilmington, DE 19806
      View Details
    • $18 SF/Yr
      1,650 SF

      Medical Office Space Available

      Medical office space for lease featuring multiple exam rooms.
      1117 N Franklin St, Wilmington, DE 19806
      View Details
    • $22 SF/Yr
      5,311 SF

      Trolley Square Office Space Available

      Wilmington, DE Office: Prime Location, Flexible Space
      1700 14Th St, Wilmington, DE 19806
      View Details
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    2005 Pennsylvania Ave
    Wilmington, DE 19806
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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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