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    Property profile & analytics

    298 Maryland Ave Wilmington, DE 19804-1344

    • Grocery and convenience stores
    • 2,585 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimation
    $385,000
    Last Sale
    May 08, 2020
    Location Intelligence
    Property ID
    US17-0134886
    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

    • 7-Eleven / Convenience Store
    • Citibank ATM / Atm
    • Amazon Locker - Drehmer / Mailing Service / E-Commerce Service

    Property Details for 298 Maryland Ave

    Year built
    1970
    Construction
    CONCRETE
    Lot size
    0.46 lot acres
    Property size
    2,585 SF
    Zone code
    CN
    Property type
    Grocery and convenience stores
    APN
    07-043.10-660
    APU
    704310660

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $335,000

    • CAP approach

      CAP return
      Estimation
      6%
      $480,000
      6.5%
      $520,000
      7%
      $490,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $515,000
      Geo Method
      $455,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $545,000
      Retail
      $575,000
      Mixed-Use
      $545,000
      Hospitality
      $450,000
      Educational
      $435,000
      Residential Income
      $495,000
      Energy
      $575,000
      Income-Based Land
      $550,000
      Food Service
      $425,000

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5885
    Latitude
    39.7263
    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
    $7,095
    $120,200
    $94,800
    $215,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      42,381 SF

      1600 Newport Pike

      GROCERY, SUPERMARKET • 42,381 SF
      1600 Newport Pike, Wilmington, DE 19804-3500
      View Details
    • Value Estimation by Request
      1,188 SF

      101 Maryland Ave

      CONVENIENCE STORE • 1,188 SF
      101 Maryland Ave, Wilmington, DE 19804-1341
      View Details
    • Value Estimation
      $310,000
      1,624 SF

      208 Maryland Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 1,624 SF
      208 Maryland Ave, Wilmington, DE 19804-1344
      View Details
    • Value Estimation
      $375,000
      3,738 SF

      416 James St

      CONVENIENCE STORE • 3,738 SF
      416 James St, Wilmington, DE 19804-3125
      View Details
    • Value Estimation
      $3,705,000
      3,490 SF

      414 Main St

      CONVENIENCE STORE (W/FUEL PUMP) • 3,490 SF
      414 Main St, Wilmington, DE 19804-3909
      View Details
    • Value Estimation
      $400,000
      2,600 SF

      201 Market St

      CONVENIENCE STORE (W/FUEL PUMP) • 2,600 SF
      201 Market St, Wilmington, DE 19804-3151
      View Details

    Similar Nearby for Sale

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      High-Visibility Income-Producing Commercial Property

      Prime location with high traffic and income-generating tenants.
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    • Contact for pricing
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      Mixed-Use Building For Sale

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      Versatile building with retail space and residential conversion potential.
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      Mixed-Use Investment Property For Sale

      Mixed-use property with retail and residential units on Maryland Avenue.
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    Similar Nearby for Lease

    • Contact for pricing
      7,653 SF

      Grocery-Anchored Shopping Center Space

      Retail space in a busy, grocery-anchored shopping center.
      442 S Market St, Wilmington, DE 19804
      View Details
    • $22 SF/Yr
      1,200 SF

      Retail Spaces in Regional Center

      Multiple retail spaces available in a regional retail center.
      1700 W Newport Pike, Wilmington, DE 19804
      View Details
    • $21 SF/Yr
      1,200 SF

      Retail Space with Excellent Signage

      Retail space featuring high visibility, ample parking, and easy access.
      204 W Market St, Wilmington, DE 19804
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    • $22 SF/Yr
      164,779 SF

      First State Plaza Retail Space

      Wilmington, DE Strip Mall Opportunity
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    • $12 SF/Yr
      7,535 SF

      Prime Newport Flex Space

      7,535 SF Flex Space, Delaware, High Visibility
      110 Market St, Wilmington, DE 19804
      View Details
    • $1,250 /Mo
      350 SF

      Office and Garage Spaces Available

      Office suites and garage units for rent in Elsmere.
      10 Hadco Rd, Wilmington, DE 19804
      View Details
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    298 Maryland Ave
    Wilmington, DE 19804-1344
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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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