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    Property profile & analytics

    379 Chestnut Hill Rd Newark, DE 19713

    • Grocery and convenience stores
    • 1,320 SF
    • 15.48 lot acres
    For Lease
    View listing
    $17 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US17-0187141
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Verizon / Cell Phone Store / Cable Company
    • Cricket Wireless Authorized Retailer / Cell Phone Store
    • Cellular Sales EP-CH / Cell Phone Store

    Property Details for 379 Chestnut Hill Rd

    Year built
    2005
    Construction
    CONCRETE
    Lot size
    15.48 lot acres
    Property size
    1,320 SF
    Zone code
    CR
    Property type
    Grocery and convenience stores
    APN
    11-006.20-109
    APU
    1100620109

    Description

    This exceptional retail opportunity presents two available spaces within the vibrant Chestnut Hill Plaza shopping center in Newark, Delaware. Located at 379 E Chestnut Hill Rd, this single-story Class B property boasts a total of 201,305 square feet situated on a substantial 15.48-acre lot (674,371 sq ft). Each of the two available suites offers a flexible footprint ranging from 6,000 to 7,000 square feet, perfect for a variety of retail uses. The property underwent renovations in 2022, ensuring modern amenities for tenants. Ample parking is available for customers and employees, complemented by ample power supply. The property is zoned for commercial use and conveniently located at the intersection of Chestnut Hill Road and Marrows Road in the Northern New Castle County submarket of Newark, Delaware. The property's APN is 1100620109, and it's situated in New Castle County, Delaware, zip code 19713. This high-traffic location within a thriving shopping center offers excellent visibility and accessibility, making it an ideal investment for discerning businesses seeking a strong presence in the Newark market. The property's multiple tenancy structure provides a diverse and dynamic environment.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7243
    Latitude
    39.6621
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $236,663
    $1,011,500
    $4,647,900
    $5,659,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      49,841 SF

      907 Chapel St

      GROCERY, SUPERMARKET • 49,841 SF
      907 Chapel St, Newark, DE 19713
      View Details
    • Value Estimation
      $375,000
      1,480 SF

      1106 College Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 1,480 SF
      1106 College Ave, Newark, DE 19713-2308
      View Details
    • Value Estimation
      $435,000
      2,200 SF

      728 Chestnut Hl Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 2,200 SF
      728 Chestnut Hl Rd, Newark, DE 19713-1830
      View Details
    • Value Estimation
      $375,000
      2,664 SF

      60 Gerald Dr

      CONVENIENCE STORE • 2,664 SF
      60 Gerald Dr, Newark, DE 19713-3216
      View Details
    • Value Estimation
      $4,340,000
      2,160 SF

      4600 Ogletown Stanton Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 2,160 SF
      4600 Ogletown Stanton Rd, Newark, DE 19713-2007
      View Details
    • Value Estimation
      $395,000
      3,457 SF

      380 Chestnut Hl Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 3,457 SF
      380 Chestnut Hl Rd, Newark, DE 19713-2759
      View Details

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    Newark, DE 19713
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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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