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    4737 Concord Pike Wilmington, DE 19803

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    4737 Concord Pike Wilmington, DE 19803

    View on Map
    • Super regional malls
    • 172,070 SF
    • 30.61 lot acres
    For Lease
    $5,200,000
    View Listing →
    Retail Spaces Available For Rent For Lease
    $5,200,000
    174,172 SF

    Retail Spaces Available For Rent

    Multiple retail spaces available, ranging from 710 to 174,172 SqFt.

    4737 Concord Pike, Wilmington, DE 19803
    View Listing
    Property ID
    US17-0207693
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bath & Body Works / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Hollister Co. / Clothing Store / Beach Clothing Store
    • Kay Jewelers / (Bike/Boat/Book/etc) Store
    • China Express / Restaurant
    • CELLFUN / Electronics & Wireless Store / Mobile Phone Store

    Property Details for 4737 Concord Pike

    Year built
    1969
    Construction
    CONCRETE
    Lot size
    30.61 lot acres
    Property size
    172,070 SF
    Zone code
    CR
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    06-029.00-018
    APU
    602900018

    Description

    This exceptional retail opportunity presents itself at Concord Mall, a prominent shopping center located at 4737 Concord Pike in Wilmington, Delaware (zip code 19803). The property boasts a substantial total building area of 803,944 square feet, offering a diverse range of space options. Currently, there are 223,490 square feet of vacant space available, providing significant potential for new tenants. Spaces range in size from a minimum of 788 square feet to a maximum contiguous space of 174,172 square feet, catering to a variety of business needs and scales. The mall's multi-tenant configuration creates a vibrant and bustling atmosphere, ideal for businesses seeking high visibility and foot traffic. Located in New Castle County, this property benefits from excellent access and visibility along Concord Pike. The property is classified as a retail shopping center with anchor tenancy, indicating a strong foundation for sustained success. This is a prime opportunity to establish or expand your business within a well-established and thriving retail environment. The flexibility in space size allows for customization to suit individual business requirements. With its strategic location and ample space, Concord Mall offers a compelling investment prospect for discerning businesses seeking a presence in the Wilmington market. Thirty individual spaces are currently available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $6,435,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5446
    Latitude
    39.822
    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
    $666,493
    $3,061,000
    $15,881,800
    $18,942,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $41,135,000
      140,000 SF

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      REGIONAL SHOPPING CENTER, MALL • 140,000 SF
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    • Value Estimation by Request
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      5353 Brandywine Pkwy

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    • Value Estimation
      $2,400,000
      128,824 SF

      5400 Brandywine Pkwy

      REGIONAL SHOPPING CENTER, MALL • 128,824 SF
      5400 Brandywine Pkwy, Wilmington, DE 19803-1472
      View Details
    • Value Estimation
      $41,515,000
      147,695 SF

      3100 Brandywine Pkwy

      REGIONAL SHOPPING CENTER, MALL • 147,695 SF
      3100 Brandywine Pkwy, Wilmington, DE 19803-1496
      View Details
    • Value Estimation
      $605,000
      15,040 SF

      2001 Brandywine Pkwy

      REGIONAL SHOPPING CENTER, MALL • 15,040 SF
      2001 Brandywine Pkwy, Wilmington, DE 19803-5403
      View Details
    • Value Estimation by Request
      66,148 SF

      1052 Brandywine Pkwy

      REGIONAL SHOPPING CENTER, MALL • 66,148 SF
      1052 Brandywine Pkwy, Wilmington, DE 19803-1492
      View Details

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      Retail Space on Concord Pike

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      Wilmington Retail Space For Lease

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      Retail Space on Concord Pike

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      View Details
    View Listing
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    Wilmington, DE 19803
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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.

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    4737 Concord Pike, Wilmington, DE, 19803

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