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    3230 Philadelphia Pike Claymont, DE 19703-3103
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    Property profile & analytics

    3230 Philadelphia Pike, Claymont, DE 19703-3103

    View on Map
    • Retail space
    • 7,224 SF
    • 0.45 lot acres
    Off-Market
    Property ID
    US17-0238929
    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
    $1,040,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Indian Bazaar - Indian Grocery Super Market / Grocery & Convenience Store / Food Market
    • petracity LLC250-9309 / Family Recreation Center

    Property Details for 3230 Philadelphia Pike

    Year built
    1920
    Construction
    CONCRETE
    Lot size
    0.45 lot acres
    Zone code
    CN
    Property type
    Retail space
    APN
    06-084.00-547
    APU
    608400547

    Description

    This exceptional retail property, situated at 3230 Philadelphia Pike in Claymont, Delaware, presents a compelling investment opportunity. Boasting a highly visible location on Philadelphia Pike, this 0.45-acre lot offers significant potential for a variety of commercial ventures. The property's prime position within an up-and-coming area of Claymont ensures high traffic volume and excellent exposure to potential customers. The existing structure presents numerous possibilities for redevelopment or adaptive reuse, catering to a wide range of business needs. The substantial lot size allows for ample parking and potential expansion. This property is ideally suited for entrepreneurs and investors seeking a strategic foothold in a thriving Delaware market. Its prominent location and development potential make it an attractive proposition for those seeking to establish a successful business in a high-growth area. Further details regarding the property's specifics are available upon request. This is a rare opportunity to acquire a strategically located retail property in a rapidly developing area of Claymont, Delaware. Don't miss out on this chance to secure a prime commercial space with significant upside potential. Contact us today to learn more and schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,165,000
      6.5%
      $1,075,000
      7%
      $1,000,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,262,000
      Market price range: $844k - $2.40M
      AI Estimate
      $777,000
      Market price range: $370k - $1.72M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,655,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Claymont
    County
    New Castle
    State
    Delaware
    Longitude
    -75.4611
    Latitude
    39.7996
    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
    $8,369
    $58,800
    $172,600
    $231,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,975 SF

      311 Rdg Rd

      RETAIL STORES (PERSONAL SERVICES)
      311 Rdg Rd, Claymont, DE 19703-3508
      View Details
    • Value Estimation
      $1,075,000
      7,605 SF

      2407 Philadelphia Pike

      RETAIL STORES (PERSONAL SERVICES)
      2407 Philadelphia Pike, Claymont, DE 19703-2430
      View Details
    • Value Estimation by Request
      3,922 SF

      315 Rdg Rd

      RETAIL STORES (PERSONAL SERVICES)
      315 Rdg Rd, Claymont, DE 19703-3508
      View Details
    • Value Estimation
      $3,170,000
      13,234 SF

      702 Naamans Rd

      RETAIL STORES (PERSONAL SERVICES)
      702 Naamans Rd, Claymont, DE 19703-1610
      View Details
    • Value Estimation by Request
      2,078 SF

      3203 Philadelphia Pike

      RETAIL STORES (PERSONAL SERVICES)
      3203 Philadelphia Pike, Claymont, DE 19703-3101
      View Details
    • Value Estimation by Request
      600 SF

      3722 Philadelphia Pike

      RETAIL STORES (PERSONAL SERVICES)
      3722 Philadelphia Pike, Claymont, DE 19703-3412
      View Details

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      Claymont Land with Existing Improvements

      10+/- acres near I-495/I-95 corridor with 28,000 sq-ft improvements.
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    Similar Nearby for Lease

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      Retail Space For Rent

      Retail space available for lease in Claymont, Delaware.
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      Retail Space on Philadelphia Pike

      3,000 SF retail space with high visibility and traffic.
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    Claymont, DE 19703-3103
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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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