Property profile

3624 Kirkwood Hwy Wilmington, DE 19808

OFF-MARKET
Strip malls
Property ID
US17-0497935
20,132 SF 1.4 ac lot Built 1967
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A retail property, located at 3624 Kirkwood Highway in Wilmington, Delaware (zip code 19808), offers 3,400 square feet of versatile space ideal for multiple tenants. The property is situated on a high-traffic thoroughfare, providing unparalleled visibility and access to a large customer base. Its prime location ensures significant foot traffic and excellent signage opportunities, maximizing exposure for your business. The space is classified as a Class A retail property with an office subtype, suggesting a blend of retail and office functionality. This makes it suitable for a variety of businesses seeking a prominent location with high visibility. The property's multiple tenancy allows for flexibility in leasing arrangements, accommodating businesses of varying sizes and needs. This is a unique opportunity to establish or expand your business in a highly desirable location within a thriving commercial area of Wilmington, Delaware. The property's address is easily accessible and benefits from excellent visibility along Kirkwood Highway. This location offers a strong potential for attracting a diverse clientele and building a successful business.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1967
Construction CONCRETE
Total area 20,132 SF
Lot 1.4 ac (60,984 SF)
Zoning code CR
APN 08-039.30-152
UPID US17-0497935

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Furniture & Home Goods

Location

3624 Kirkwood Hwy Wilmington, DE 19808-5104
Wilmington metro Census 13100 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$625k
CAP Approach CAP
by Request
Comparable Approach Comparable
$561k
Blend (final) Blend
$625k

Owner & transaction history

since 2005
6 recorded transactions
2022
Price N/A
2018
Price N/A
2018
Price N/A
2005
$10
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CR · Wilmington, DE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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