Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    604 Corner Ketch Rd Newark, DE 19711

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $7,970,939

    Retail property with long-term net lease in affluent area.

    Property size:
    13,225 SF
    Lot size:
    3.33 Acres

    Property Features for 604 Corner Ketch Rd

    General Information

    Size
    13,225 SF
    Lot size
    3.33 Acres

    Source: CP Partners Agent John Andreini

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newark Retail Property For Sale

    This retail property, constructed in 2019, features a build-to-suit design and benefits from a corporate guaranty. The property has over 19 years remaining on an absolute net lease. Situated on a signalized hard corner, the location experiences high traffic volume, with over 27,000 vehicles per day. The surrounding residential submarket is affluent, with average household incomes of $191,000 within a 1-mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Santander Bank ATM Atm CVS Pharmacy Pharmacy LibertyX Bitcoin ATM Atm Redbox Movie Rental Kiosk CVS Drug Store

    Suggested Use

    Realty agency Restaurant Spa & Massage Building Supply Gym & Fitness Pharmacy Accounting Firm Hotel & Motel Daycare Center HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    CVS Pharmacy, CVS, Brittany Spencer

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7250165
    Latitude
    39.7400048

    Nearby Similar for Sale

    • $625,000
      5,600 SF

      Retail Property in Newark, DE

      Retail property for sale in Newark, Delaware.
      308 Shisler Ct, Newark, DE 19702
      View Details
    • Contact for pricing

      Two Hilton Hotels in Newark

      Two Hilton hotels for sale in Newark, Delaware.
      654 South College Ave, Newark, DE 19713
      View Details
    • $260,000

      Updated Townhome in Princeton Woods

      Updated townhome with modern amenities, perfect for downsizing or investment.
      3 Ross Ct, Newark, DE 19702
      View Details
    • $5,547,847
      14,000 SF

      Fully Occupied Retail Center

      Multi-tenant retail center with stable cash flow and NNN leases.
      681 E Chestnut Hill Rd, Newark, DE 19713
      View Details
    • Contact for pricing
      29,750 SF

      Newark Office/Industrial Building For Sale

      29,750 SF office/industrial building in Pencader Corporate Center.
      211 Lake Dr, Newark, DE 19702
      View Details
    • $479,000
      2,550 SF

      Newark End-Unit Townhome with Deck

      Updated 4-bedroom townhome with deck, close to University of Delaware.
      26 Munro Rd, Newark, DE 19711
      View Details

    FAQs

    What type of property is this?
    Drug store - Retail property with long-term net lease in affluent area.
    Where is this drug store located?
    The property is located at 604 Corner Ketch Rd Newark, DE.
    What is the asking price?
    The asking price for this property is $7,970,939.
    What are key features of this property?
    This property features: - Corporate guaranty from CVS Health Corporation; - Investment grade credit rating – S&P: BBB+; - Extremely affluent residential submarket – **$191,000 average household incomes within a 1-mile radius**
    (415) 274-2715
    Request Owner's contact information
    604 Corner Ketch Rd Newark, DE 19711
    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.
    604 Corner Ketch Rd
    Newark, DE 19711
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    604 Corner Ketch Rd Newark, DE 19711
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.