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Property profile & analytics
OFF-MARKET
Office Spaces
1000 Millstone Dr Newark, DE 19711
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US17-0324343
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2005
Construction
CONCRETE
Total area
2,520 SF
Lot
0.9 ac (39,204 SF)
Zoning code
18BLR
APN
18-034.00-063
UPID
US17-0324343
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nicholas A Baldini JR · 1 yrs held
Nicholas A Baldini JR
since 2025
5 recorded transactions
Zoning & alternative use
18BLR · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,683
Tax year 2023
Assessed value
$129,500
Assessed 2023
Previous assessed
$129,500
+0.0% YoY
Effective rate
3.62%
On assessed value
Assessed land
$45,000
Assessed improvement
$84,500
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
1
Total area
2,520 SF
Lot
0.9 ac (39,204 SF)
Zoning code
18BLR
APN
18-034.00-063
UPID
US17-0324343
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
18BLR · Newark, DE
Zoning 18BLR · permitted uses
18BLR · 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.
Building & site characteristics
From public records
Year built
2005
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Nicholas A Baldini JR
Individual
Mailing address
1101 MILLSTONE DR, NEWARK, DE 19711-1811
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2025
—
Nicholas A Baldini JR
Christiana Plaza LLC
Deed
$2,225,000 · Artisans Bank
Jul 9, 2019
$46,800
Department Of Transportation
Christiana Plaza LLC
Grant Deed
—
Aug 30, 2016
—
Christiana Plaza LLC
Christiana Plaza LLC
Quit Claim Deed
related
$2,400,000 · Everbank
—
—
Christiana Plaza LLC
—
Deed Of Trust
related
$2,320,000 · Wilmington Trust Co
—
—
Christiana Plaza LLC
—
Deed Of Trust
related
$2,400,000 · Everbank
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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