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    2510 W 6Th St Wilmington, DE 19805
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    Property profile & analytics

    2510 W 6Th St, Wilmington, DE 19805

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    • Warehouses
    • 4,484 SF
    • 0.41 lot acres
    For Lease
    $14 SF/Yr
    View Listing →
    Prime Office Space, Wilmington For Lease
    $14 SF/Yr

    Prime Office Space, Wilmington

    Well-positioned office space in a desirable Wilmington location.

    2510 W 6th Street, Wilmington, DE 19805
    View Listing
    Property ID
    US17-0224480
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2510 W 6Th St

    Year built
    1988
    Construction
    CONCRETE
    Lot size
    0.41 lot acres
    Zone code
    26M-1
    Property type
    Warehouses
    APN
    26-019.30-155
    APU
    2601930155

    Description

    This exceptional 10,000 square foot multi-use building, situated at 2510 W 6th Street, Wilmington, DE 19805, presents a unique opportunity for businesses seeking flexible and adaptable workspace. The property, located at the corner of W 6th Street and Hawley Street, offers a blend of executive office, flex space, and warehouse capabilities, making it ideal for a variety of commercial uses. Currently, 2,700 square feet of space is immediately available for lease within this multi-tenant building. The building features two convenient drive-in bays, providing easy access for loading and unloading. While elevators are not present, the layout is designed for efficient workflow. The property's APN is 2601930155, and it's located in New Castle County. This versatile space is perfect for companies needing a combination of office and warehouse functionality, or those seeking a flexible layout to accommodate evolving business needs. The strategic location in Wilmington, Delaware offers excellent access to major transportation routes and a thriving business community. Don't miss this chance to secure prime commercial real estate in a desirable location. Inquire today to learn more about leasing options and explore the possibilities this property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $580,000
      6.5%
      $535,000
      7%
      $500,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $708,000
      Market price range: $321k - $708k
      AI Estimate
      $733,000
      Market price range: $205k - $734k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $545,000
      Current use
      RETAIL STORES
      $925,000
      Change: +70% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $690,000
      Change: +27% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.578
    Latitude
    39.7529
    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
    2024
    $7,969
    $44,700
    $247,800
    $292,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,280 SF

      1507 Lancaster Ave

      WAREHOUSE, STORAGE
      1507 Lancaster Ave, Wilmington, DE 19805-3906
      View Details
    • Value Estimation
      $510,000
      7,040 SF

      319 6th Ave

      WAREHOUSE, STORAGE
      319 6th Ave, Wilmington, DE 19805-4715
      View Details
    • Value Estimation by Request
      1,560 SF

      2300 6th St Ste A

      WAREHOUSE, STORAGE
      2300 6th St Ste A, Wilmington, DE 19805-2948
      View Details
    • Value Estimation by Request
      3,598 SF

      1901 5th St Sta, Unit A

      MINI-WAREHOUSE, STORAGE
      1901 5th St Sta, Wilmington, DE 19805-3003
      View Details
    • Value Estimation by Request
      1,736 SF

      217 Hawley St

      WAREHOUSE, STORAGE
      217 Hawley St, Wilmington, DE 19805
      View Details
    • Value Estimation by Request
      2,356 SF

      219 Hawley St

      WAREHOUSE, STORAGE
      219 Hawley St, Wilmington, DE 19805
      View Details

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      Wilmington Industrial Shop - Great Potential

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      Multifamily and Commercial Investment Opportunity

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    Similar Nearby for Lease

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      3,500 SF

      Retail/Flex Space with Drive-In

      Retail/flex space with drive-in access, suitable for various operations.
      912 N Union St, Wilmington, DE 19805
      View Details
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      1,581 SF

      Conveniently Located Storage Garage

      500 SF garage space with heater and easy access.
      120 Greenhill Ave, Wilmington, DE 19805
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      5,260 SF

      Elsmere Office/Retail Space Available

      5,260 SF office/retail space with high visibility.
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      13,000 SF

      Wilmington Retail Spaces For Lease

      Retail spaces available in Wilmington, ranging from 1,600-10,000 SF.
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      17,500 SF

      Modern Office Space Available

      Well-maintained office space with highway access and on-site amenities.
      401 Dupont Ml Blvd, Wilmington, DE 19805
      View Details
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      Retail and Office Center Space

      Neighborhood retail and office center with units from 800-5,250 SF.
      516-534 Greenhill Ave, Wilmington, DE 19805
      View Details
    View Listing
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    Wilmington, DE 19805
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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