Technical
Financial
Distress signals
Property profile

2303 Lancaster Ave Wilmington, DE 19805

OFF-MARKET
Retail space
Property ID
US17-0121911
2,808 SF 0.17 ac lot Built 1955
Entity Owned 6-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1955
Construction CONCRETE
Total area 2,808 SF
Lot 0.17 ac (7,405 SF)
Zoning code 26C-2
APN 26-026.30-004
UPID US17-0121911

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Custom T-Shirt Store
  • Association / Organization
  • Recording Studio
  • Church Mosque
  • Recording Studio

Location

2303 Lancaster Ave Wilmington, DE 19805-3735
Wilmington metro Census 2400 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2020
Last sale
$165,000
3 recorded transactions
2020
Price N/A
2020
$165,000
2018
Price N/A

Zoning & alternative use

26C-2 · Wilmington, DE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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