Add Listing
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

    3206 Concord Pike Wilmington, DE 19803-5015

    • Medical Office Space
    • 4,346 SF
    • 0.58 lot acres
    OFF-MARKET
    Value Estimations
    $1,000,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US17-0119653
    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

    • Delaware Imaging Network | Brandywine Imaging / Doctor / Radiologist
    • Diagnostic Imaging Associates: Singh Mithilesh K MD / Physician
    • Dr. Joseph R. Peacock, MD / Physician
    • Gottesman Rita MD / Physician

    Property Details for 3206 Concord Pike

    Year built
    2004
    Construction
    BRICK
    Lot size
    0.58 lot acres
    Property size
    4,346 SF
    Zone code
    CN
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    06-077.00-286
    APU
    607700286

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,045,000
      6.5%
      $965,000
      7%
      $895,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,038,000
      Market price range: $330k - $1.04M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $730,000
      Current use
      COMMERCIAL (GENERAL)
      $780,000
      Change: +7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5486
    Latitude
    39.8011
    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
    $28,932
    $151,600
    $670,700
    $822,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,871 SF

      1401 Foulk Rd Ste, Unit 203

      MEDICAL CLINIC • 2,871 SF
      1401 Foulk Rd Ste, Wilmington, DE 19803-2764
      View Details
    • Value Estimation by Request
      2,134 SF

      1401 Foulk Rd Ste, Unit 207

      MEDICAL CLINIC • 2,134 SF
      1401 Foulk Rd Ste, Wilmington, DE 19803-2764
      View Details
    • Value Estimation
      $6,065,000
      36,158 SF

      1401 Foulk Rd

      MEDICAL CLINIC • 36,158 SF
      1401 Foulk Rd, Wilmington, DE 19803-2763
      View Details
    • Value Estimation
      $640,000
      3,891 SF

      1401 Foulk Rd Ste, Unit 201

      MEDICAL CLINIC • 3,891 SF
      1401 Foulk Rd Ste, Wilmington, DE 19803-2764
      View Details
    • Value Estimation
      $765,000
      3,780 SF

      1401 Foulk Rd Ste, Unit 205

      MEDICAL CLINIC • 3,780 SF
      1401 Foulk Rd Ste, Wilmington, DE 19803-2764
      View Details
    • Value Estimation
      $2,450,000
      11,297 SF

      3401 Brandywine Pkwy

      DENTAL BUILDING • 11,297 SF
      3401 Brandywine Pkwy, Wilmington, DE 19803-1554
      View Details

    Similar Nearby for Sale

    • $10,000,000

      Thompson Bridge Road Specialty Property

      Specialty property available for sale on Thompson Bridge Road.
      3930 Thompson Brg Rd, Wilmington, DE 19803
      View Details
    • $10,000,000

      Thompson Bridge Road Specialty Property

      Specialty property available for sale on Thompson Bridge Road.
      3934 Thompson Brg Rd, Wilmington, DE 19803
      View Details
    • Contact for pricing

      Retail Space with Shared Parking

      Retail property featuring shared parking and signage opportunities.
      2904 Concord Pike, Wilmington, DE 19803
      View Details
    • Contact for pricing
      0.58 Acres

      Wilmington Retail Spaces Available

      High-visibility retail & office spaces. Multiple sizes.
      3300 Concord Pike, Wilmington, DE 19803
      View Details
    • Contact for pricing

      Commercial Land in New Castle

      Commercial land available for business or redevelopment in Wilmington, DE.
      414 Wilson Rd, Wilmington, DE 19803
      View Details
    • Contact for pricing

      Retail Space in Shopping Center

      Available retail space in a large shopping center.
      & Concord Pike Rocky Run Pkwy, Wilmington, DE 19803
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Wilmington Office Space For Rent

      Office spaces available in multi-story building with easy access.
      2001 Concord Pike, Wilmington, DE 19803
      View Details
    • Contact for pricing
      5,330 SF

      Office Space in Delaware Corporate Center

      Office space for rent in Wilmington, Delaware.
      2 Righter Pkwy, Wilmington, DE 19803
      View Details
    • Contact for pricing
      275 SF

      Wilmington Office Space For Rent

      Office space available for lease in Wilmington, Delaware.
      2101-2223 Concord Pike, Wilmington, DE 19803
      View Details
    • Contact for pricing
      11,528 SF

      Wilmington Office Space Available

      Office space for rent with high-end finishes and parking.
      1523 Concord Pike, Wilmington, DE 19803
      View Details
    • Contact for pricing
      3,339 SF

      Office Space with Panoramic Views

      Office space for rent with unobstructed views and amenities.
      2200 Concord Pike, Wilmington, DE 19803
      View Details
    • Contact for pricing
      6,320 SF

      Move-in Ready Office Suites Available

      High-end office suites near Independence Mall and Route 202.
      105 Foulk Rd, Wilmington, DE 19803
      View Details

    Property Visit Statistics

    • Visits by month
      1.9k
    • Visitors by month
      1.9k
    • Avg Time on site
      13 min
    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.
    3206 Concord Pike
    Wilmington, DE 19803-5015
    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.
    Sign Up Successful!
    You now have access to more from Realmo!