Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2703 Philadelphia Pike Claymont, DE 19703-2571

    • Community centers
    • 30,576 SF
    • 4.10 lot acres
    OFF-MARKET
    Last Sale
    Oct 28, 2022
    Value Estimations
    $970,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US17-0128441
    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

    • Charlie's Pizza / Pizza Restaurant
    • Little Bangla Grocery & Halal Meat / Indian Grocery Store / Meat Products Store
    • Elegantly Set in Stone / Natural Stone Supplier / Stone Supplier

    Property Details for 2703 Philadelphia Pike

    Year built
    1966
    Construction
    CONCRETE
    Lot size
    4.10 lot acres
    Property size
    30,576 SF
    Zone code
    CR
    Property type
    Community centers
    APN
    06-096.00-011
    APU
    609600011

    Description

    This exceptional 660-square-foot retail space, located at 2703 Philadelphia Pike in Claymont, Delaware (zip code 19703), presents a fantastic opportunity for a barber seeking a move-in ready establishment. The property is classified as a single-tenant retail space, specifically suited for an executive office or barbershop. The existing fixtures, furniture, and equipment (FF&E) are available for purchase through separate negotiation with the landlord, making this a truly turnkey operation. No building square footage is specified for the entire building. This allows for focused attention on the business itself, eliminating the overhead often associated with larger spaces. The property's prime location on Philadelphia Pike in Claymont offers excellent visibility and accessibility for customers. This is an ideal opportunity for an entrepreneur looking to establish or relocate their barbershop business with minimal upfront investment and immediate operational readiness. The space is ready for immediate occupancy. Interested parties should inquire about the FF&E purchase options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $845,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,094,000
      Market price range: $727k - $1.54M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,075,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,340,000
      Change: +24% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Claymont
    County
    New Castle
    State
    Delaware
    Longitude
    -75.4683
    Latitude
    39.7952
    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
    $48,621
    $352,800
    $1,029,100
    $1,381,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $870,000
      36,866 SF

      3605 Philadelphia Pike

      MINI-MALL • 36,866 SF
      3605 Philadelphia Pike, Claymont, DE 19703-3111
      View Details
    • Value Estimation by Request
      11,705 SF

      111 Darley Rd

      MINI-MALL • 11,705 SF
      111 Darley Rd, Claymont, DE 19703-2723
      View Details
    • Value Estimation
      $700,000
      22,828 SF

      2095 Philadelphia Pike

      MINI-MALL • 22,828 SF
      2095 Philadelphia Pike, Claymont, DE 19703-2424
      View Details
    • Value Estimation
      $4,070,000
      301,664 SF

      401 Naamans Rd

      REGIONAL SHOPPING CENTER, MALL • 301,664 SF
      401 Naamans Rd, Claymont, DE 19703-2802
      View Details
    • Value Estimation by Request
      7,900 SF

      2081 Philadelphia Pike

      SHOPPING CENTER, STRIP CENTER • 7,900 SF
      2081 Philadelphia Pike, Claymont, DE 19703-2424
      View Details
    • Value Estimation by Request
      1,975 SF

      311 Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,975 SF
      311 Rdg Rd, Claymont, DE 19703-3508
      View Details

    Similar Nearby for Sale

    • $54,900
      3.23 Acres

      Established Ice Cream Business Opportunity

      Profitable ice cream business for sale in high-traffic Claymont area.
      3545 Philadelphia Pike, Claymont, DE 19703
      View Details
    • $1,999,999
      11,500 SF

      Mixed-Use Building in Claymont, DE

      Mixed-use building with commercial and residential units in Claymont, DE.
      8 Commonwealth Ave, Claymont, DE 19703
      View Details
    • $444,000

      Claymont Specialty Property for Sale

      Specialty property available for purchase in Claymont, Delaware.
      659 Mccomb Blvd, Claymont, DE 19703
      View Details
    • $474,900

      Claymont Specialty Property For Sale

      Specialty property available for purchase in Claymont, Delaware.
      3 Forrest Ave, Claymont, DE 19703
      View Details
    • $375,000

      Claymont Specialty Property For Sale

      Specialty property available for purchase in Claymont, Delaware.
      2810 Green St, Claymont, DE 19703
      View Details
    • $385,000

      Claymont Specialty Property For Sale

      Specialty property available for purchase in Claymont, Delaware.
      321 Ashbourne Rd, Claymont, DE 19703
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,860 SF

      Regional Shopping Center Retail Space

      Retail space available in busy Northtowne Plaza shopping center.
      601-691 Naamans Rd, Claymont, DE 19703
      View Details
    • $2,600 /Mo

      Retail Space in Town & Country

      Located in Town & Country Shopping Center, suitable for business.
      99 Harvey Rd, Claymont, DE 19703
      View Details
    • Contact for pricing
      12,380 SF

      Retail Space in Claymont, DE

      3,000 SF retail space with excellent visibility and access.
      Claymont, DE 19703
      View Details
    • $16 SF/Yr
      2,600 SF

      Retail Space For Rent

      Retail space available for lease in Claymont, Delaware.
      2721 Philadelphia Pike, Claymont, DE 19703
      View Details
    • $16 SF/Yr
      660 SF

      Retail Space on Philadelphia Pike

      Retail space available for lease on Philadelphia Pike.
      2703-2713 Philadelphia Pike, Claymont, DE 19703
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space on Philadelphia Pike

      3,000 SF retail space with high visibility and traffic.
      2710 Philadelphia Pike, Claymont, DE 19703
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2703 Philadelphia Pike
    Claymont, DE 19703-2571
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.