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    1550 Matassino Rd New Castle, DE 19720

    • Gas stations
    • 22.87 lot acres
    For Lease
    View listing
    Value Estimation
    $535,000
    Last Sale
    Dec 13, 2022
    Location Intelligence
    Property ID
    US17-0118703
    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

    • Quarles Fleet Fueling / Gas Company / Diesel Fuel Supplier
    • Arys Logistics Inc / Warehouse
    • Toon Truck & Trailer Repair / Truck Repair Shop / Trailer Repair Shop
    • Quarles Petroleum / Gas Station

    Property Details for 1550 Matassino Rd

    Year built
    2007
    Construction
    CONCRETE
    Lot size
    22.87 lot acres
    Zone code
    I
    Property type
    Gas stations
    APN
    10-014.00-012
    APU
    1001400012

    Description

    This exceptional 3.75-acre lot, located at 1550 Matassino Rd in New Castle, Delaware, presents a unique opportunity for businesses seeking expansive outdoor space. Zoned Industrial (I), this property offers significant potential for various uses, including contractor yards, trailer parking, or general outdoor storage. Built in 2007, the land boasts a single-tenant occupancy and is conveniently situated for easy access to major transportation arteries. Its proximity to I-95, 495, and 295 ensures seamless connectivity to regional and national markets. Furthermore, the property benefits from its strategic location near the Port of Wilmington, Wilmington Airport (ILG), and Philadelphia International Airport (PHL), providing unparalleled logistical advantages. The expansive lot size provides ample room for operations and future expansion, making it an attractive investment for businesses requiring significant outdoor space in a well-connected location within New Castle County. The property's industrial zoning ensures flexibility for a wide range of commercial and industrial applications. This is a rare opportunity to acquire a substantial, strategically located industrial lot in a thriving Delaware market. The property is ready for immediate development or use.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $560,000

    • CAP approach

      CAP return
      Estimation
      6%
      $520,000
      6.5%
      $490,000
      7%
      $545,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $590,000
      Geo Method
      $460,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $485,000
      Retail
      $520,000
      Mixed-Use
      $485,000
      Hospitality
      $540,000
      Educational
      $435,000
      Residential Income
      $485,000
      Energy
      $480,000
      Income-Based Land
      $460,000
      Food Service
      $500,000

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5787
    Latitude
    39.6876
    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
    $30,035
    $592,000
    $388,400
    $980,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation
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    • Value Estimation
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      2036 New Castle Ave

      GAS STATION • 1,740 SF
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    • Value Estimation
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      4,085 SF

      1604 Dupont Hwy

      GAS STATION • 4,085 SF
      1604 Dupont Hwy, New Castle, DE 19720-1904
      View Details
    • Value Estimation
      $380,000
      1,488 SF

      3072 New Castle Ave

      GAS STATION • 1,488 SF
      3072 New Castle Ave, New Castle, DE 19720-2247
      View Details

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    1550 Matassino Rd
    New Castle, DE 19720
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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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