Financial
Distress signals
Property profile

505 Market St Wilmington, DE 19801

OFF-MARKET
Office Spaces
Property ID
US17-0182112
3,730 SF 6.03 ac lot Built 1930
Last sale Mar 2023
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 1,365 square foot retail space in Historic Downtown Frederick presents a unique opportunity for discerning businesses. Located at 505 N Market St, in New Castle County, this single-tenant property boasts a stately and compelling presence. The space features huge windows showcasing the vintage storefront, creating an inviting atmosphere for customers. Inside, the refined look and dramatic finishes create a magisterial feel. The open layout provides ample space for various

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$25k
Tax billed · 2023
Assessed value$693k
Assessed land$192k
Assessed improvement$502k
Effective rate3.61%

Value estimate

· Sep 2026
$465k
$419k – $512k
CAP approach$585k
Submarket $/SF estimate$1.18M

Realmo valuation models over county records and 52 qualifying comparable sales.

Recently sold

What actually traded nearby?
$207/SF
Submarket average, outlier-cleaned · 65 recorded sales of this use type
Observed band · Q1–Q3$148 – $317
Qualifying comparables52

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
26W4
JurisdictionNEW CASTLE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency37.2
Dental Office19.4
Garden Center15.7

Location

505 Market St Wilmington, DE 19801-5208
County assessor Recorded deeds · 3 transfers 52 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1326 King, Wilmington, DE 19801-3220 $400,000 Jan 2026 692 SF
833 Washington, Wilmington, DE 19801-1509 $360,000 Aug 2020 2,022 SF
112 French, Wilmington, DE 19801-5035 $4,800,000 Jan 2020 9,360 SF
1100 Heald, Wilmington, DE 19801-5765 $115,000 Jan 2020 1,600 SF
305 A, Wilmington, DE 19801-5324 $3,400,000 Nov 2019 5,184 SF
301 A, Wilmington, DE 19801-5357 $3,400,000 Nov 2019 5,796 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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