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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3001 Kennett Pike Wilmington, DE 19807-3023

    • Individual retail properties
    • 32,175 SF
    • 17.10 lot acres
    OFF-MARKET
    Value Estimations
    $610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US17-0281027
    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

    • Carpenter Field House / High School

    Property Details for 3001 Kennett Pike

    Year built
    1977
    Construction
    CONCRETE
    Lot size
    17.10 lot acres
    Property size
    32,175 SF
    Zone code
    S
    Property type
    Individual retail properties
    APN
    07-030.40-008
    APU
    703040008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $575,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $638,000
      Market price range: $638k - $1.43M

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5799
    Latitude
    39.7654
    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
    $342,000
    $1,170,300
    $1,512,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,725,000
      28,460 SF

      4007 Kennett Pike

      RETAIL STORES (PERSONAL SERVICES) • 28,460 SF
      4007 Kennett Pike, Wilmington, DE 19807-2043
      View Details
    • Value Estimation by Request
      1,680 SF

      3800 Kennett Pike

      RETAIL STORES (PERSONAL SERVICES) • 1,680 SF
      3800 Kennett Pike, Wilmington, DE 19807-2302
      View Details
    • Value Estimation
      $705,000
      4,930 SF

      3920 Kennett Pike

      RETAIL STORES (PERSONAL SERVICES) • 4,930 SF
      3920 Kennett Pike, Wilmington, DE 19807-2304
      View Details
    • Value Estimation by Request
      2,910 SF

      5800 Kennett Pike

      RETAIL STORES (PERSONAL SERVICES) • 2,910 SF
      5800 Kennett Pike, Wilmington, DE 19807-1116
      View Details
    • Value Estimation by Request
      2,983 SF

      3816 Kennett Pike

      FINANCIAL BUILDING • 2,983 SF
      3816 Kennett Pike, Wilmington, DE 19807-2302
      View Details
    • Value Estimation by Request
      3,096 SF

      3700 Kennett Pike

      FINANCIAL BUILDING • 3,096 SF
      3700 Kennett Pike, Wilmington, DE 19807-2157
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,165 SF

      Centerville Office Space For Sale

      Lower-level office space in historic Centerville building with high visibility.
      5811 Kennett Pike, Wilmington, DE 19807
      View Details
    • $659,500

      Wilmington Specialty Property For Sale

      Specialty property available for purchase in Wilmington, Delaware.
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      Wilmington Specialty Property For Sale

      Specialty property available for purchase in Wilmington, Delaware.
      1005 Barley Dr, Wilmington, DE 19807
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      Renovated Twin Home with Master

      Beautifully renovated 4-bedroom, 3.5 bath twin home in Wilmington, DE.
      107 Downs Dr, Wilmington, DE 19807
      View Details
    • $775,000

      Land for Sale

      Land available for sale.
      1741 Walnut Green Rd, Wilmington, DE 19807
      View Details
    • $925,000

      Wilmington Specialty Property For Sale

      Specialty property available for purchase in Wilmington, Delaware.
      14 Kentshire Ct, Wilmington, DE 19807
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    Similar Nearby for Lease

    • Contact for pricing
      4,010 SF

      Mixed-Use Property in Greenville Center

      134,480 SF mixed-use property with retail and office spaces.
      3801 Kennett Pike, Wilmington, DE 19807
      View Details
    • Contact for pricing
      607 SF

      Premier Greenville Office/Retail Space

      First-class office/retail building in the heart of Greenville.
      4007-4025 Kennett Pike, Wilmington, DE 19807
      View Details
    • Contact for pricing
      3,776 SF

      Greenville Retail Space For Lease

      Prime Greenville location, 3,776 sq ft retail space.
      3801 Kennett Pike, Greenville, DE 19807
      View Details
    • Contact for pricing
      183 SF

      Boutique Retail and Office Spaces

      Lifestyle center with retail and office suites in Greenville, DE.
      3826-3832 Kennett Pike, Wilmington, DE 19807
      View Details
    • $17 SF/Yr
      25,000 SF

      Montchanin Mills Office Space

      Historic Delaware Office Suites Available
      100 Rockland Rd, Wilmington, DE 19807
      View Details
    • Contact for pricing
      6,418 SF

      Class A Office Space Available

      Premier office building in Greenville, Delaware with suites available.
      20 Montchanin Rd, Greenville, DE 19807
      View Details
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    3001 Kennett Pike
    Wilmington, DE 19807-3023
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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.

    More about this property
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