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Property profile & analytics

700 Market St Wilmington, DE 19801-3009

  • Retail space
  • 4,720 SF
  • 0.11 lot acres
OFF-MARKET
Value Estimations
$780,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US17-0039122
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.

Current Use by Public Records

  • Rainbow Shops / Shoe Store / Women'S Clothing Store

Property Details for 700 Market St

Year built
1945
Construction
CONCRETE
Lot size
0.11 lot acres
Property size
4,720 SF
Zone code
26C-3
Property type
Retail space
APN
26-035.40-042
APU
2603540042

Description

This exceptional retail opportunity is located at 700 N Market Street, Wilmington, Delaware, at the highly visible corner of Market and 7th Streets. The property boasts a total of 14,400 square feet of space, currently entirely vacant and available for lease. The building is zoned C-3, allowing for a wide range of retail uses. The space is divisible, with a minimum leasable area of 4,800 square feet, offering flexibility for businesses of various sizes. This prime location within Wilmington's central business district ensures high foot traffic and excellent visibility, making it an ideal space for a flagship store or a multi-tenant retail development. The property's corner location provides exceptional exposure to Market Street and 7th Street, maximizing its marketing potential. The entire 14,400 square feet is available, presenting a unique chance to establish a significant presence in a thriving Delaware market. The property is situated in New Castle County, Delaware, with a zip code of 19801. This is a rare opportunity to secure a prominent retail space in a highly desirable location.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $760,000
    6.5%
    $705,000
    7%
    $655,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $839,000
    Market price range: $552k - $1.24M
    AI Estimate
    $790,000
    Market price range: $430k - $1.27M
  • Alternative Use

    Use
    Estimation
    RETAIL STORES
    $975,000
    Current use
    COMMERCIAL (GENERAL)
    $975,000
    Change: +0% Conversion: Easy

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


Location Insight

  • Map
  • Local Demand
City
Wilmington
County
New Castle
State
Delaware
Longitude
-75.5494
Latitude
39.7426
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
$10,152
$95,800
$185,700
$281,500
-
$0.00
$0.00
$0.00
More about this property
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