Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    260 Chapman Rd Newark, DE 19702

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $19 SF/Yr ($1,843 /Mo)

    Office space for rent in a dynamic six-building office park.

    Property size:
    1,120 SF
    Lot size:
    3.90 Acres

    Property Features for 260 Chapman Rd

    General Information

    Size
    1,120 SF
    Lot size
    3.90 Acres

    We can help!

    Listing Contact
    Gordon Winegar
    Gordon Winegar
    Source: Moodyscre

    Listing Agent: Gordon Winegar

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

    Learn more

    Property Insight Report

    Overview

    University Office Plaza Space Available

    University Office Plaza is a six-building office park encompassing 185,000 square feet. Onsite management and maintenance are provided. Located in New Castle County at the I-95/Route 273 interchange, the campus is home to a diverse tenant roster, including The State of Delaware, Mosaic, International Literacy Association, and Delaware Sleep, as well as financial, healthcare, non-profit, medical, and technology firms. The available office space is 1,120 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Brand Builder Solutions Internet Marketing Service Olive Grill Italian Restaurant Ramada Newark/Wilmington Hotel Talk With Twila ... Counselor Vensoft LLC Software Company

    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
    -75.6748079
    Latitude
    39.6690894

    Nearby Similar for Lease

    • $3,800 /Mo

      Prime Newark Location Office Space

      Office space in a prime Newark location with easy tri-state access.
      720 New London Rd, Newark, DE 19711
      View Details
    • $3,800 /Mo
      36,155 SF

      Prime Newark Location Office Space

      Office space in a prime Newark location with easy access.
      720 New London Rd, Newark, DE 19711
      View Details
    • $1,900 /Mo

      Prime Newark Location Office Space

      Office space in a prime Newark location with easy tri-state access.
      720 New London Rd, Newark, DE 19711
      View Details
    • $1,900 /Mo

      Prime Newark Location Office Space

      Office space in a prime Newark location with easy tri-state access.
      720 New London Rd, Newark, DE 19711
      View Details
    • $2,450 /Mo
      1,875 SF

      Spacious Twin Home in Newark

      Three-bedroom twin home in Newark's Jenney's Run with ample storage.
      319 Lynley Ln, Newark, DE 19711
      View Details
    • Contact for pricing

      Medical Condominium Complex For Rent

      Medical condominium complex centrally located near I-95 and Christiana Hospital.
      774 Christiana Rd, Newark, DE 19713
      View Details
    • Contact for pricing
      22,545 SF

      Medical Office Building Transformation

      Historic building with modern addition, ideal for medical practices.
      318 S College Ave, Newark, DE 19711
      View Details
    • $25 SF/Yr
      46,296 SF

      Renovated Office Space Near I-95

      Modern, move-in ready office space with flexible suite options.
      4051 Ogletown Stanton Rd, Newark, DE 19713
      View Details
    • Contact for pricing
      3,400 SF

      Astro Shopping Center Retail Space

      Prime Retail Space - 3,400 SF Available
      0 Astro Shopping Ctr, Newark, DE 19711
      View Details
    • Contact for pricing
      10 SF

      Newark Retail Space on Pulaski Highway

      Retail spaces available in new shopping center near Delaware/Maryland line.
      2675 Pulaski Hwy, Newark, DE 19702
      View Details
    • Contact for pricing
      10,465 SF

      Newark Office Space For Rent

      Office space with on-site amenities and convenient highway access.
      700 Prides Xing, Newark, DE 19713
      View Details
    • Contact for pricing
      1,600 SF

      Mixed-Use Development Retail Space

      Retail space in a mixed-use development near University of Delaware.
      100 Suburban Dr, Newark, DE 19711
      View Details

    FAQs

    What type of property is this?
    Office space - Office space for rent in a dynamic six-building office park.
    Where is this office space located?
    The property is located at 260 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: - Premier location in the heart of New Castle County at the I-95/Route 273 interchange.; - Onsite management and maintenance provide dedicated services for convenience and reliability.; - Diverse tenant roster includes The State of Delaware, Mosaic, International Literacy Association, and Delaware Sleep.
    (302) 757-5353
    Request Owner's contact information
    260 Chapman Rd Newark, DE 19702
    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.
    260 Chapman Rd
    Newark, DE 19702
    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
    260 Chapman Rd Newark, DE 19702
    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

    We can help!
    Listing Contact
    Gordon Winegar
    Gordon Winegar
    (302) 757-5353
    Learn more
    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.