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Property profile & analytics
OFF-MARKET Estimated value $1,065,000
Community centers

102 Astro Shopping Ctr Newark, DE 19711-7254

38,520 SF 3.32 ac lot Built 1977
Entity Owned 1-yr Hold Free & Clear
Property ID
US17-0275028
Property summary
AI-generated overview

This exceptional retail storefront opportunity is located within the vibrant Astro Shopping Center in Newark, Delaware. The space, part of a redeveloped center boasting a newly updated facade, offers a flexible footprint ranging from 1,600 to 3,200 contiguous square feet. Ideally situated as an end-cap unit, this location provides excellent visibility and accessibility. The Astro Shopping Center is a well-established retail destination anchored by prominent national tenants such as Super WaWa, Dollar Tree, and Hooters, ensuring high foot traffic and a strong customer base. The property features a total of 52,027 square feet across a single building, situated on a 5.36-acre lot. Ample parking is available with 293 spaces to accommodate customers and employees. Convenient access is provided via a lighted intersection at Meadowood Drive, as well as direct access from Kirkwood Highway. The property is zoned CR and was built in 1977. This is an excellent opportunity for businesses seeking a high-traffic location within a thriving retail center. The minimum divisible space is 1,600 square feet, offering flexibility for various retail concepts. The maximum contiguous space available is 3,200 square feet. This prime retail space presents a unique chance to establish or expand your business in a dynamic and well-established commercial environment. The address is 102 Astro Shopping Center, Newark, DE 19711.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1977
Construction CONCRETE
Total area 38,520 SF
Lot 3.32 ac (144,619 SF)
Zoning code CR
APN 08-055.10-094
UPID US17-0275028
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
$980k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.15M
Blend (final) Blend
$1.07M
Owner & transaction history
Wawa INC · 1 yrs held
Wawa INC
since 2024
4 recorded transactions
2024
Price N/A
2024
Price N/A
2024
Price N/A
2017
Price N/A
Zoning & alternative use
CR · Newark, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source BILL NO
Top alternative use upside
Industrial (general) $1.7M +34.1%
Warehouse, storage $1.5M +20.7%
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