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    Property profile & analytics

    10 Possum Park Rd Newark, DE 19711-3858

    • Drive through restaurants
    • 2,761 SF
    • 0.81 lot acres
    OFF-MARKET
    Value Estimation
    $540,000
    Location Intelligence
    Property ID
    US17-0190804
    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

    • Wendy's / Fast Food Restaurant / Hamburger Restaurant

    Property Details for 10 Possum Park Rd

    Year built
    1985
    Construction
    CONCRETE
    Lot size
    0.81 lot acres
    Property size
    2,761 SF
    Zone code
    CR
    Property type
    Drive through restaurants
    APN
    08-059.00-028
    APU
    805900028

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $470,000

    • CAP approach

      CAP return
      Estimation
      6%
      $695,000
      6.5%
      $700,000
      7%
      $690,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $615,000
      Geo Method
      $705,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $715,000
      Retail
      $640,000
      Mixed-Use
      $675,000
      Hospitality
      $630,000
      Educational
      $790,000
      Residential Income
      $640,000
      Energy
      $620,000
      Income-Based Land
      $665,000
      Food Service
      $670,000

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7195
    Latitude
    39.6953
    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
    $18,333
    $225,100
    $213,300
    $438,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $600,000
      4,692 SF

      374 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,692 SF
      374 Main St, Newark, DE 19711-7149
      View Details
    • Value Estimation
      $395,000
      2,730 SF

      1700 Capitol Trl

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,730 SF
      1700 Capitol Trl, Newark, DE 19711-5720
      View Details
    • Value Estimation
      $500,000
      3,040 SF

      1365 Marrows Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,040 SF
      1365 Marrows Rd, Newark, DE 19711-5446
      View Details
    • Value Estimation
      $1,390,000
      3,534 SF

      2690 Capitol Trl

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,534 SF
      2690 Capitol Trl, Newark, DE 19711-7241
      View Details
    • Value Estimation
      $400,000
      1,734 SF

      1020 Capitol Trl

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,734 SF
      1020 Capitol Trl, Newark, DE 19711-3920
      View Details
    • Value Estimation
      $635,000
      4,100 SF

      127 Grv Ln

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,100 SF
      127 Grv Ln, Newark, DE 19711-5488
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,590 SF

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      High-visibility retail space in downtown Newark near University of Delaware.
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      Fully equipped restaurant with favorable lease terms for sale.
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      Stately stone office, high visibility, ample parking.
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    Similar Nearby for Lease

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      14,465 SF

      Prime Newark Retail Space

      New construction, multiple units available.
      134 Main St, Newark, DE 19711
      View Details
    • $40 SF/Yr
      3,400 SF

      Turn-Key Restaurant Ready For Lease

      Restaurant space available for lease in Newark, Delaware.
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      View Details
    • Contact for pricing
      3,400 SF

      Astro Shopping Center Retail Space

      Prime Retail Space - 3,400 SF Available
      0 Astro Shopping Ctr, Newark, DE 19711
      View Details
    • Contact for pricing
      52,027 SF

      Astro Shopping Center Retail Space

      Newark, DE: Prime Retail Storefront Available
      102 Astro Shopping Ctr, Newark, DE 19711
      View Details
    • Contact for pricing

      Prime Pad Site Opportunity

      Pad site for lease in a densely populated Newark area.
      Astro Shopping Ctr, Newark, DE 19711
      View Details
    • Contact for pricing
      6,500 SF

      Retail Space Near University Campus

      Retail space previously occupied by University of Delaware program.
      1 S Main St, Newark, DE 19711
      View Details
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    Newark, DE 19711-3858
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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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