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    261 Chapman Rd Newark, DE 19702

    For Lease
    $19 SF/Yr ($6,265 /Mo)

    Well-maintained office space with updated common areas and landscaping.

    Property size:
    3,807 SF
    Lot size:
    29.06 Acres

    Property Features for 261 Chapman Rd

    General Information

    Size
    3,807 SF
    Lot size
    29.06 Acres

    Source: DSM Commercial Agent Gordon Winegar

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

    Overview

    Office Space with Ample Parking

    This office space offers 3,807 square feet and features well-maintained buildings with updated common areas. The property includes landscaping with outdoor seating. It provides 24/7 key card access for security. There are 735 parking spaces available, with a ratio of 4.1 spaces per 1,000 square feet. Competitive rates include electric and janitorial services.
    Location Intelligence

    Current Use by Public Records

    Felistas Gatune Nurse Practitioner Mosaic in Delaware Disability Services And Support Organization Aqua Restore It Water Damage Restoration Service Lyron Deputy Medical Clinic Horizon House Inc Medical Clinic

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.673529
    Latitude
    39.6674967

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    FAQs

    What type of property is this?
    Office space - Well-maintained office space with updated common areas and landscaping.
    Where is this office space located?
    The property is located at 261 Chapman Rd Newark, DE.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Competitive rates with electric and janitorial included; - Boasts 735 parking spaces (4.1/1,000); - Secure, well-maintained buildings
    (302) 757-5353
    Request Owner's contact information
    261 Chapman Rd Newark, DE 19702
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    Newark, DE 19702
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    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
    261 Chapman Rd Newark, DE 19702
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