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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Specialty properties
10 Mcfarland Dr Newark, DE 19702-3678
Entity Owned
15-yr Hold
Free & Clear
Property ID
US17-0272222
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2015
Construction
CONCRETE
Total area
2,992 SF
Lot
27.1 ac (1,180,476 SF)
Zoning code
ST
APN
11-019.00-023
UPID
US17-0272222
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Reserve at Becks Pond Apartment Building
-
CAPANO MANAGEMENT COMPANY Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$720k
Blend (final)
Blend
$680k
Owner & transaction history
Salemcap LLC · 15 yrs held
Salemcap LLC
since 2011
7 recorded transactions
Zoning & alternative use
ST · Newark, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$520,000
+2.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Newark submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newark submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$505,000
Current use
MEDICAL BUILDING
$520,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$500,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$680k
Range $612k – $748k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$227 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$309,236
Tax year 2023
Assessed value
$7,394,880
Assessed 2023
Previous assessed
$7,394,880
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$706,600
Assessed improvement
$6,688,280
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2015
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
10
Stories
1
Rooms
8
Bathrooms
2
Total area
2,992 SF
Lot
27.1 ac (1,180,476 SF)
Zoning code
ST
APN
11-019.00-023
UPID
US17-0272222
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
ST · Newark, DE
Zoning ST · permitted uses
ST · Newark, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newark. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$505,000
MEDICAL BUILDING
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$500,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2015
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
10
Rooms
8
Bathrooms
2
Lot
27.1 ac
Current owner
From public records · entity-resolved
Salemcap LLC
Entity
Free & Clear · 15 yrs held
Mailing address
10 MCFARLAND DR, NEWARK, DE 19702-3678
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2011
—
Salemcap LLC
—
Deed Of Trust
related
$20,400,000 · M & T Bank
Apr 13, 2011
—
Salemcap LLC
Salem Road Associates LLC
Quit Claim Deed
—
Nov 24, 2009
—
Salem Road Associates LLC
Arbeiter Family
Grant Deed
—
Oct 6, 2008
—
Salem Road Associates LLC
Arbeiter,lisa
Quit Claim Deed
—
—
—
Salem Cap
—
Deed Of Trust
related
$23,250,000 · Webster Bk NA
—
—
Salemcap LLC
—
Deed Of Trust
related
$21,270,000 · M & T Bank
—
—
Salem Road Associates LLC
—
Deed Of Trust
related
$725,000 · Midcoast Community Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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