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    106 Albe Dr Newark, DE 19702

    For Sale
    $2,450,000

    Car wash and flex building on heavily traveled Old Baltimore Pike.

    Property size:
    8,100 SF
    Lot size:
    1.46 Acres

    Property Features for 106 Albe Dr

    General Information

    Size
    8,100 SF
    Lot size
    1.46 Acres

    Source: DSM Commercial Agent Alicia Fox

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

    Overview

    Car Wash and Flex Building

    This property in Newark, DE, presents an investment opportunity featuring a 5,000 square foot clear span flex building and a 3,100 square foot car wash. The car wash includes six self-serve bays and one tunnel. The flex building is occupied by Jack’s Kickboxing Gym under a NNN lease, with the tenant responsible for real estate taxes, insurance, and CAM pass-throughs. The property benefits from ample parking and is located directly on heavily traveled Old Baltimore Pike, with an entrance in close proximity to the road. Its location offers prime visibility and is near I-95. The traffic count is 15,461 AADT. This property is suitable for an investor or owner-user seeking a profitable car wash with value-add potential and existing stabilized income.
    Insight Report Location Intelligence

    Current Use by Public Records

    Jack's Kickboxing Gym Martial Arts School Self Service Car ... Car Wash

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7113756
    Latitude
    39.6474866

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    FAQs

    What type of property is this?
    Self service car wash - Car wash and flex building on heavily traveled Old Baltimore Pike.
    Where is this self service car wash located?
    The property is located at 106 Albe Dr Newark, DE.
    What is the asking price?
    The asking price for this property is $2,450,000.
    What are key features of this property?
    This property features: - Stabilized income from long-tenured tenant (Jack's Kickboxing Gym) with NNN lease.; - High-visibility location directly on heavily traveled Old Baltimore Pike.; - Car wash with six self-serve bays and one tunnel provides immediate income and value-add potential.
    (302) 419-5477
    Request Owner's contact information
    106 Albe Dr 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
    106 Albe Dr Newark, DE 19702
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