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Property profile & analytics
OFF-MARKET
Estimated value
$2,990,000
Hotels
100 Continental Dr Newark, DE 19713-4327
Entity Owned
~
Est. High Equity
Property ID
US17-0220303
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
1987
Construction
BRICK
Total area
34,535 SF
Lot
9.31 ac (405,544 SF)
Zoning code
CR
APN
09-018.00-003
UPID
US17-0220303
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
-
Hilton Wilmington/Christiana Hotel & Motel
-
100 Continental Drive Parking Parking Lot & Garage
-
Market Kitchen & Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.96M
Comparable Approach
Comparable
$3.03M
Blend (final)
Blend
$2.99M
Owner & transaction history
Mj Wilmongton Property Owner LLC
Mj Wilmongton Property Owner LLC
since 2025
1 recorded transaction
Zoning & alternative use
CR · Newark, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
BILL NO
Top alternative use upside
Retail stores
$3.9M
+73.8%
Restaurant
$3.4M
+53.3%
Auto repair, garage
$3.3M
+46.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,200,000
6.5%
$2,955,000
7%
$2,740,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,230,000
Current use
RETAIL STORES
$3,870,000
Change: +74% · Conversion: Difficult
RESTAURANT
$3,415,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,255,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$2.99M
Range $2.69M – $3.29M · ±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
$87 / 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
$351,545
Tax year 2023
Assessed value
$11,475,200
Assessed 2023
Previous assessed
$11,475,200
+0.0% YoY
Effective rate
3.06%
On assessed value
Assessed land
$1,216,600
Assessed improvement
$10,258,600
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
Hotels
Use group
HOTEL-RESORT
Status
Off-Market
Year built
1987
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
2
Stories
4
Total area
34,535 SF
Lot
9.31 ac (405,544 SF)
Zoning code
CR
APN
09-018.00-003
UPID
US17-0220303
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
CR · Newark, DEZoning CR · permitted uses
CR · Newark, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
BILL NO
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.2M
RETAIL STORES
Est. value
$3.9M
RESTAURANT
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.3M
HOTEL/MOTEL Current
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
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
1987
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
4
Buildings
2
Lot
9.31 ac
Current owner
From public records · entity-resolved
Mj Wilmongton Property Owner LLC
Entity
Mailing address
100 CONTINENTAL DR, NEWARK, DE 19713-4327
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2025
—
Mj Wilmongton Property Owner LLC
Nm Wilmington Property Mezz LLC
Deed
$35,000,000 · Barclays Capital Real Estate INC
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.
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