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    Property profile & analytics

    New St Dover, DE 19906

    • Retail properties
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 New St

    Property type
    Retail properties
    Property subtype
    Retail space

    Description

    This exceptional investment opportunity encompasses eight parcels of land located at the northwest corner of West Loockerman Street and South New Street in Dover, Delaware, 19906. The property, totaling 140-148 South New Street and 303-309 West Loockerman Street, presents a unique chance to acquire a significant retail presence in the heart of Dover's downtown area. The asking price for this portfolio is $1,000,000. The property is comprised of eight individual parcels, each with its own tax ID number: 2-05-077.09-01-17.00-00001, 2-05-077.09-01-18.00-00001, 2-05-077.09-01-19.00-00001, 2-05-077.09-01-21.00-00001, 2-05-077.09-01-22.00-00001, 2-05-077.09-01-23.00-00001, 2-05-077.09-01-24.00-00001, and 2-05-077.09-01-25.00-00001. This prime location offers high visibility and excellent access for businesses seeking a strong foothold in a thriving downtown market. The property is zoned for retail use, making it an attractive proposition for a variety of commercial ventures. This is a rare opportunity to acquire a substantial and strategically located retail portfolio in a desirable Delaware market.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dover
    County
    Kent
    State
    Delaware
    Longitude
    -75.5282
    Latitude
    39.1574
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    New St
    Dover, DE 19906
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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
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