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    Property profile & analytics

    1003 S Chapel St, Unit Newark DE Newark, DE 19702

    • Office Properties & Spaces
    • 3,282 SF
    • 0.94 lot acres
    For Sale
    View listing
    $890,000
    Value Estimation
    Last Sale
    Sep 08, 2021
    $625,000
    Location Intelligence
    Property ID
    US17-0121868
    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

    • P C Supplies Inc / Computer Networking Service / Computer Repair Service
    • Alliance Electric Inc / Electrician
    • Blue Hen Promotions Inc / Event Planner

    Property Details for 1003 S Chapel St

    Year built
    1982
    Construction
    CONCRETE
    Lot size
    0.94 lot acres
    Property size
    3,282 SF
    Zone code
    I
    Property type
    Office Properties & Spaces
    APN
    11-010.00-062
    APU
    1101000062

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $790,000

    • CAP approach

      CAP return
      Estimation
      6%
      $695,000
      6.5%
      $745,000
      7%
      $720,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $785,000
      Geo Method
      $710,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $805,000
      Retail
      $825,000
      Mixed-Use
      $805,000
      Hospitality
      $760,000
      Educational
      $630,000
      Residential Income
      $670,000
      Energy
      $725,000
      Income-Based Land
      $785,000
      Food Service
      $665,000

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7321
    Latitude
    39.6472
    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
    $8,067
    $32,900
    $160,000
    $192,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      43,000 SF

      110 Lk Dr

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      110 Lk Dr, Newark, DE 19702-3317
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      1,465 SF

      50 Old Baltimore Pike

      OFFICE (GENERAL) • 1,465 SF
      50 Old Baltimore Pike, Newark, DE 19702
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      3,575 SF

      2314 Glasgow Ave

      Office Properties & Spaces • 3,575 SF
      2314 Glasgow Ave, Newark, DE 19702
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    • Value Estimation by Request
      15,608 SF

      260 Chapman Rd

      OFFICE (GENERAL) • 15,608 SF
      260 Chapman Rd, Newark, DE 19702-5490
      View Details
    • Value Estimation by Request
      700 SF

      305 Mederia Cir

      OFFICE (GENERAL) • 700 SF
      305 Mederia Cir, Newark, DE 19702-1562
      View Details
    • Value Estimation
      $1,010,000
      20,583 SF

      200 Executive Dr

      OFFICE (GENERAL) • 20,583 SF
      200 Executive Dr, Newark, DE 19702-3315
      View Details

    Similar Nearby for Sale

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      Newark Office Building For Sale

      Commercial building with office space and long-term lease.
      1003 S Chapel St, Newark, DE 19702
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      29,750 SF

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    Similar Nearby for Lease

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    • $19 SF/Yr
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      Newark Office Space For Rent

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    • Contact for pricing
      5,267 SF

      Class A Office Building For Rent

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      View Details
    • $19 SF/Yr
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      Office Space with Ample Parking

      Well-maintained office space with updated common areas and landscaping.
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      View Details
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    Newark, DE 19702
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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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