Financial
Distress signals
Property profile

501 E Basin Rd New Castle, DE 19720

FOR LEASE
Retail space
Property ID
US17-0132659
10,730 SF 1.37 ac lot Built 1980
Last sale Dec 2021 · $2,316,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is approximately 10,760 square feet of retail space that was previously configured as a pharmacy. It includes an endcap-style storefront layout and is situated near major anchor retailers, with visibility from surrounding rooftops. The site provides parking for 76 vehicles on the parcel.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$13k
Tax billed · 2023
Assessed value$426k
Assessed land$104k
Assessed improvement$322k
Effective rate3.06%

Value estimate

· Sep 2026
$2.93M
$2.63M – $3.22M
AI approach$2.88M
CAP approach$1.60M
Submarket $/SF estimate$2.23M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$229/SF
County average, outlier-cleaned · 40 recorded sales of this use type
Observed band · Q1–Q3$117 – $332

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CN
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 agency14.9
Law Firm14.5
Dental Office14.3

Location

501 E Basin Rd New Castle, DE 19720
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file 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

4 recorded sales · 11 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6 Morris, New Castle, DE 19720 $922,500 May 2019 1,068 SF
2201 Hessler, New Castle, DE 19720 $1,593,086 Dec 2018 9,180 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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