Entity Owned Property summary
AI-generated overview
This 2,500 square foot warehouse space, located at 19 Davidson Lane, Building 6A, New Castle, Delaware 19720, is available for lease. The property is classified as Heavy Industrial (HI) zoning. It's a single-tenant space offering convenient access to major transportation arteries, including direct access to Delaware Route 9 and easy access to I-495, I-95, and I-295. The warehouse features one 12' x 14' drive-in door and a concrete loading dock structure. The space includes 500 square feet of conditioned, finished office space with a bathroom. The warehouse boasts bright lighting and an efficient gas heating system. Electrical service is provided by a 200 AMP, single-phase power supply. This property presents a fantastic opportunity for businesses seeking efficient and well-located warehouse space in Delaware. The building's convenient location and ample features make it an ideal choice for various industrial operations. Interested parties are encouraged to inquire for further details and leasing information.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
STONE
Total area
12,000 SF
Lot
6.1 ac (265,716 SF)
Zoning code
HI
APN
10-011.00-034
UPID
US17-0180122
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Propane Supplier Alternative Fuel Station
-
Hardware & Home Improvement Interior Design
-
Big Box & Wholesale Store
-
Church Mosque
-
Association Or Organization
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.44M
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$590k
Owner & transaction history
since 2023
1 recorded transaction
Zoning & alternative use
HI · New Castle, DE
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 10 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$590k
Value range
$531k – $649k
±10% around blend
Estimated value / SF
$49 / SF
Confidence
High
10 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
$531k
blend $590k
$649k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,000 SF
Lot area
6.1 ac
Year built
1981
Stories
1
APN
10-011.00-034
Zoning
HI
Assessed value
$816,200
Annual tax
$27,219
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.44M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.56M
@ 6.5% CAP return
$1.44M
@ 7% CAP return
$1.34M
4
Sales comparison
Partial preview
Sales approach indication
$2.03M
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.9 mi away · 14,400 SF
12.9 mi away · 11,700 SF
13.5 mi away · 9,400 SF
18.8 mi away · 12,300 SF
20.0 mi away · 9,094 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$590k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 41 sales
$137
-64%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $49/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$816k
Move the market yield to see immediate price impact.
Value / SF
$68
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$51k
$1.03M
$735k
$571k
$57k
$1.14M
$816k
$635k
$63k
$1.26M
$898k
$698k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$1.35M
4.8 mi · Dec 2025 · $139/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$27,219
Tax year 2024
Assessed value
$816,200
Assessed 2024
Previous assessed
$816,200
+0.0% YoY
Effective rate
3.33%
On assessed value
Assessed land
$183,000
Assessed improvement
$633,200
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Construction
STONE
Heating
YES
Cooling
YES
Buildings
8
Stories
1
Total area
12,000 SF
Lot
6.1 ac (265,716 SF)
Zoning code
HI
APN
10-011.00-034
UPID
US17-0180122
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
HI · New Castle, DEZoning HI · permitted uses
HI · New Castle, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
STONE
Heating
YES
Cooling
Yes
Stories
1
Buildings
8
Lot
6.1 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
HI
Jurisdiction
New Castle, DE
Recorded code
HI
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for HI in New Castle, DE.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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