Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    828 Philadelphia Pike Wilmington, DE 19809-2332
    Property profile & analytics

    828 Philadelphia Pike, Wilmington, DE 19809-2332

    View on Map
    • Specialty properties
    • 3,704 SF
    • 0.25 lot acres
    Off-Market
    Last Sale Oct 23, 2023
    Property ID
    US17-0121382
    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

    • Wilmington Animal Hospital / Veterinary Clinic
    • Phillips Karen S DVM / Veterinary Clinic
    • Ladman Alison DVM / Veterinary Clinic

    Property Details for 828 Philadelphia Pike

    Year built
    1949
    Construction
    CONCRETE
    Lot size
    0.25 lot acres
    Zone code
    CN
    Property type
    Specialty properties
    APN
    06-132.00-198
    APU
    613200198

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 8, 2024 — 828 Philadelphia Pike II LLC — Deed · related $6.8M · Live Oak Banking Company
    Oct 23, 2023 — 828 Philadelphia Pike II LLC Alilad LLC Deed $25M · Db 360 LLC
    Jun 1, 2018 — Alilad LLC — Deed · related $672k · Bank Of America
    Jan 14, 2016 $865,000 Alilad LLC 828 Philadelphia Pike LLC Deed $1M · Firstrust Bank
    — — 828 Philadelphia Pike LLC — Deed Of Trust · related $146k · Wachovia Bank Of Delaware NA
    — — 828 Philadelphia Pike LLC — Deed Of Trust · related $375k · Citizens Federal Bank Fsb
    — — Alilad LLC — Deed Of Trust · related $672k · Bank Of America

    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
    -75.4955
    Latitude
    39.773
    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
    $10,897
    $38,100
    $271,600
    $309,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,696 SF

      313 Brandywine Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      313 Brandywine Blvd, Wilmington, DE 19809-3241
      View Details
    • Value Estimation
      $580,000
      3,442 SF

      412 Philadelphia Pike

      FUNERAL HOME
      412 Philadelphia Pike, Wilmington, DE 19809-2153
      View Details
    • Value Estimation by Request
      1,120 SF

      1610 Philadelphia Pike

      VETERINARY, ANIMAL HOSPITAL
      1610 Philadelphia Pike, Wilmington, DE 19809-1541
      View Details
    • Value Estimation by Request
      5,715 SF

      5101 Governor Printz Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      5101 Governor Printz Blvd, Wilmington, DE 19809-2743
      View Details
    • Value Estimation by Request
      4,392 SF

      1605 Philadelphia Pike

      PROFESSIONAL CLUBS/ASSOCIATIONS
      1605 Philadelphia Pike, Wilmington, DE 19809-1540
      View Details
    • Value Estimation by Request
      6,076 SF

      804 Silverside Rd

      VETERINARY, ANIMAL HOSPITAL
      804 Silverside Rd, Wilmington, DE 19809-1324
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,912 SF

      Retail Property on Philadelphia Pike

      Retail property available for sale in Wilmington, Delaware.
      1810 Philadelphia Pike, Wilmington, DE 19809
      View Details
    • $750,000
      0.41 Acres

      Prime Commercial Property in Wilmington

      High-visibility commercial property with ample parking and redevelopment potential.
      735 Philadelphia Pike, Wilmington, DE 19809
      View Details
    • Contact for pricing
      0.80 Acres

      Highly Visible Wilmington Lot

      Prime Development Land, 0.8 Acres
      1101 Philadelphia Pike, Wilmington, DE 19809
      View Details
    • Contact for pricing

      Class A Office Space Available

      Premier office space in North Wilmington with highway access.
      405 Silverside Rd, Wilmington, DE 19809
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      17,615 SF

      Class A Office Space Available

      Class A office space in park-like setting near I-95.
      505 Carr Rd, Wilmington, DE 19809
      View Details
    • Contact for pricing

      Approved Warehouse Space For Lease

      Class A warehouse or industrial outdoor storage available for lease.
      120 Hay Rd, Wilmington, DE 19809
      View Details
    • Contact for pricing

      Wilmington Warehouse with Ample Parking

      Warehouse with 34 tailgates, 2 drive-ins, and 191 parking spaces.
      120 Hay Rd, Wilmington, DE 19809
      View Details
    • Contact for pricing

      Office Suites Available For Rent

      Office suites available, ranging from 2,098 to 23,072 square feet.
      501 Carr Rd, Wilmington, DE 19809
      View Details
    • Contact for pricing

      Class A Office Space Available

      Prime office space for lease in North Wilmington.
      405 Silverside Rd, Wilmington, DE 19809
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    828 Philadelphia Pike
    Wilmington, DE 19809-2332
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    828 Philadelphia Pike, Wilmington, DE, 19809
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!