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    261-263 E Main St Newark, DE 19711

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    For Lease
    $15 SF/Yr ($3,093 /Mo)

    Office space for lease with current build-out and parking.

    Property size:
    2,475 SF
    Lot size:
    0.28 Acres

    Property Features for 261-263 E Main St

    General Information

    Size
    2,475 SF
    Lot size
    0.28 Acres

    Source: NAI Emory Hill Agent Matt Chacko

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

    Overview

    Office Space with Full Build-Out

    This property offers office spaces ranging from approximately 1,100 to 2,475 square feet and features a current full office build-out, including conference rooms and individual office areas. The lease rate is $15 per square foot on a modified gross basis, which includes utilities. Office furniture options are available. Private parking is available for tenants.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7631145
    Latitude
    39.6850525

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    FAQs

    What type of property is this?
    Office space - Office space for lease with current build-out and parking.
    Where is this office space located?
    The property is located at 261-263 E Main St Newark, DE.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Lease Rate: $15/SF Modified Gross (Includes Utilities); - Available: +/- 1,100-2,475 SF; - Current Full Office Build-Out with Conference rooms and Individual office areas
    (610) 633-7513
    Request Owner's contact information
    261-263 E Main St Newark, DE 19711
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    Newark, DE 19711
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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
    261-263 E Main St Newark, DE 19711
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