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Property profile & analytics
FOR SALE
Warehouses
100 Lake Dr Newark, DE 19702
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US17-0134643
For Sale
1 / 26
$5,050,000
100 Lake Dr, Newark, DE 19702
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
CONCRETE
Total area
48,305 SF
Lot
8.6 ac (374,616 SF)
Zoning code
BP
APN
11-021.00-040
UPID
US17-0134643
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
-
AquaCast Liner LLC Production Facility Factory
-
Nurse Nerds by Exam Master Training Center
-
Genex Technologies Inc Medical Clinic
-
Exam Master Training Center
-
ProAutomated Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.79M
Comparable Approach
Comparable
$3.67M
Blend (final)
Blend
$5.05M
Owner & transaction history
100 Lake Drive LLC · 6 yrs held
100 Lake Drive LLC
since 2019
5 recorded transactions
Zoning & alternative use
BP · Newark, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$6,270,000
6.5%
$5,790,000
7%
$5,375,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,635,000
Current use
Blend value · Realmo final
$5.05M
Range $4.55M – $5.56M · ±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
$105 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$110,333
Tax year 2024
Assessed value
$2,591,100
Assessed 2024
Previous assessed
$2,591,100
+0.0% YoY
Effective rate
4.26%
On assessed value
Assessed land
$301,000
Assessed improvement
$2,290,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1995
Construction
CONCRETE
Heating
YES
Buildings
2
Stories
1
Total area
48,305 SF
Lot
8.6 ac (374,616 SF)
Zoning code
BP
APN
11-021.00-040
UPID
US17-0134643
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
BP · Newark, DE
Zoning BP · permitted uses
BP · 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
WAREHOUSE, STORAGE Current
Est. value
$6.6M
WAREHOUSE, STORAGE Current
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
1995
Construction
CONCRETE
Heating
YES
Stories
1
Buildings
2
Lot
8.6 ac
Current owner
From public records · entity-resolved
100 Lake Drive LLC
Entity
Free & Clear · 6 yrs held
Mailing address
200 AIRPORT RD, NEW CASTLE, DE 19720-1520
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2019
—
100 Lake Drive LLC
Fp Spe LLC
Grant Deed
—
Apr 5, 2011
—
Fp Spe LLC
Fusco Properties L P
Deed
$32,000 · Td Bank NA
Dec 14, 2005
$10
100 Lake Drive II LLC
100 Lake Drive LLC
Grant Deed
—
—
—
Fp Spe LLC
—
Deed Of Trust
related
$17,000,000 · Td Bk NA
—
—
Fp Spe LLC
—
Loan Modification
related
$32,000,000 · Td Bk NA
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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