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Property profile & analytics
OFF-MARKET Estimated value $780,000
Retail space

700 Market St Wilmington, DE 19801-3009

4,720 SF 0.11 ac lot Built 1945
Entity Owned Absentee Owner Free & Clear
Property ID
US17-0039122
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1945
Construction CONCRETE
Total area 4,720 SF
Lot 0.11 ac (4,792 SF)
Zoning code 26C-3
APN 26-035.40-042
UPID US17-0039122
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Rainbow Shops Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$705k
Comparable Approach Comparable
$840k
Blend (final) Blend
$780k
Owner & transaction history
WILMINGTON EMERALD LLC
WILMINGTON EMERALD LLC
Zoning & alternative use
26C-3 · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Commercial (general) $975,000 +0.3%
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