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    5810 Kirkwood Hwy Wilmington, DE 19808
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    Property profile & analytics

    5810 Kirkwood Hwy, Wilmington, DE 19808

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    • Retail space
    • 22,094 SF
    • 2.05 lot acres
    For Lease
    $19 SF/Yr
    View Listing →
    Neighborhood Retail Center For Rent For Lease
    $19 SF/Yr

    Neighborhood Retail Center For Rent

    Retail center with high visibility and excellent access.

    5810 Kirkwood Hwy, Wilmington, DE 19808
    View Listing
    Property ID
    US17-0506035
    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

    • DESTINY CALLING ACADEMY / High School
    • Destiny Driven Ministries / Church / Mosque
    • Herche Musical Instruments / Production Facility
    • Herche Music / (Bike/Boat/Book/etc) Store

    Property Details for 5810 Kirkwood Hwy

    Year built
    1972
    Construction
    CONCRETE
    Lot size
    2.05 lot acres
    Zone code
    CN
    Property type
    Retail space
    APN
    08-049.40-024
    APU
    804940024

    Description

    Kirkwood Square Shopping Center, located at 5810 Kirkwood Highway in Wilmington, Delaware (zip code 19808), presents a compelling retail investment opportunity. This 19,749 square foot strip center boasts a highly visible location at the well-lit intersection of Kirkwood Highway and Delaware Park Drive, ensuring excellent accessibility and exposure. The property is zoned CN (Commercial Neighborhood) within New Castle County. The center currently offers three available suites, ranging from a minimum of 1,750 square feet to a maximum contiguous space of 15,521 square feet. A total of 23,021 square feet is currently vacant, presenting significant potential for expansion or new tenancy. The property features abundant parking for customer convenience. Tenants benefit from prominent pylon signage on two separate structures, maximizing visibility and brand recognition. Lease terms are based on a modified gross rent structure, offering a simplified and potentially more attractive option for prospective tenants. This prime retail location in a thriving Wilmington neighborhood offers an exceptional opportunity for businesses seeking high visibility and convenient access.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.6758
    Latitude
    39.7128
    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
    $36,308
    $303,600
    $796,700
    $1,100,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      304 SF

      3630 Old Capitol Trl

      RETAIL STORES (PERSONAL SERVICES)
      3630 Old Capitol Trl, Wilmington, DE 19808-6038
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    • Value Estimation by Request
      2,688 SF

      3401 Kirkwood Hwy

      RETAIL STORES (PERSONAL SERVICES)
      3401 Kirkwood Hwy, Wilmington, DE 19808-6133
      View Details
    • Value Estimation
      $1,760,000
      17,386 SF

      4516 Kirkwood Hwy

      RETAIL STORES (PERSONAL SERVICES)
      4516 Kirkwood Hwy, Wilmington, DE 19808-5118
      View Details
    • Value Estimation
      $1,430,000
      8,637 SF

      3209 Kirkwood Hwy

      RETAIL STORES (PERSONAL SERVICES)
      3209 Kirkwood Hwy, Wilmington, DE 19808-6129
      View Details
    • Value Estimation by Request
      1,190 SF

      1908 Newport Gap Pike

      RETAIL STORES (PERSONAL SERVICES)
      1908 Newport Gap Pike, Wilmington, DE 19808-6136
      View Details
    • Value Estimation by Request
      2,750 SF

      1804 Newport Gap Pike

      RETAIL STORES (PERSONAL SERVICES)
      1804 Newport Gap Pike, Wilmington, DE 19808-6122
      View Details

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    Similar Nearby for Lease

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      Retail Space on Kirkwood Highway

      Retail space available on Kirkwood Highway in Wilmington, Delaware.
      4501 Kirkwood Hwy, Wilmington, DE 19808
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      Retail Space on Kirkwood Highway

      Prime retail space available on a busy thoroughfare.
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      Retail Space on Kirkwood Highway

      Retail space available for lease on Kirkwood Highway.
      3613-3623 Kirkwood Hwy, Wilmington, DE 19808
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      Retail Space Near Kirkwood Highway

      Retail space available near Kirkwood Highway in Wilmington, Delaware.
      4700-4758 Limestone Rd, Wilmington, DE 19808
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      1,800 SF

      Retail Space on Kirkwood Highway

      Retail space available with strong co-tenants and high traffic.
      3616 Kirkwood Hwy, Wilmington, DE 19808
      View Details
    • Contact for pricing
      3,092 SF

      Restaurant/Retail Space on Kirkwood Highway

      Restaurant or retail space with outdoor seating and ample parking.
      3130 Kirkwood Hwy, Wilmington, DE 19808
      View Details
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    Wilmington, DE 19808
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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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