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Financial
Distress signals
Property profile

111 Ruthar Dr Newark, DE 19711

FOR LEASE
Warehouses
Property ID
US17-0136591
10,200 SF 1.66 ac lot Built 1994
Last sale Oct 2010 · $1,100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 16,000-square-foot industrial property at 111 Ruthar Drive in Newark, Delaware, presents a unique investment opportunity. Currently offering 3,300 square feet of immediately available space within a single-story, Class B building, this flex/warehouse space is perfect for a variety of businesses. The building sits on a 1.66-acre lot and features a 20-foot ceiling height, ideal for storage or high-volume operations. One loading dock and one dock-high door ensure efficient…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$30k
Tax billed · 2024
Assessed value$707k
Assessed land$66k
Assessed improvement$641k
Effective rate4.26%

Value estimate

· Oct 2026
$1.61M
$1.44M – $1.77M
AI approach$1.56M
CAP approach$1.22M
Submarket $/SF estimate$755k
NOI build-up
Gross scheduled income$146k
Vacancy & credit loss−$15k
Operating expenses−$39k
NOI · 652,457.14% cap applied$91k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$137/SF
County average, outlier-cleaned · 41 recorded sales of this use type
Observed band · Q1–Q3$67 – $198
Qualifying comparables4

Cap rate analysis

How does the asset earn?
652,457.14%
$91k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
I
JurisdictionNEW CASTLE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency46.7
Law Firm33.9
Restaurant32.4

Location

111 Ruthar Dr Newark, DE 19711
County assessor Recorded deeds · 11 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
302 Cleveland, Newark, DE 19711 $16,500,000 Nov 2022 5,400 SF
900 Interchange, Newark, DE 19711-3563 $82,500 Nov 2019 40,380 SF
528 Old Barksdale, Newark, DE 19711-4534 $1,300,406 Sep 2019 1,680 SF
301 Ruthar, Newark, DE 19711-8031 $1,500,000 Mar 2019 21,260 SF
200 Happy, Newark, DE 19711-8006 $1,610,000 Feb 2019 21,120 SF
103 Alan, Newark, DE 19711-8028 $2,650,000 Jan 2019 60,705 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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