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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Assisted living facilities
11 Independence Way Newark, DE 19713-1159
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US17-0182505
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1991
Construction
CONCRETE
Total area
9,904 SF
Lot
10.28 ac (447,797 SF)
Zoning code
NC40
APN
11-009.00-052
UPID
US17-0182505
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
-
Exceptional Care for Children Hospital Children's Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$595k
Blend (final)
Blend
$560k
Owner & transaction history
Exceptional Care Of Children INC · 10 yrs held
Exceptional Care Of Children INC
since 2016
7 recorded transactions
Zoning & alternative use
NC40 · Newark, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
BILL NO
Top alternative use upside
Warehouse, storage
$470,000
+26.9%
Industrial (general)
$435,000
+17.2%
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
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$370,000
Current use
WAREHOUSE, STORAGE
$470,000
Change: +27% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$435,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$57 / 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
Assessed value
$3,150,300
Assessed 2023
Previous assessed
$3,150,300
+0.0% YoY
Assessed land
$333,300
Assessed improvement
$2,817,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1991
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
4
Stories
1
Total area
9,904 SF
Lot
10.28 ac (447,797 SF)
Zoning code
NC40
APN
11-009.00-052
UPID
US17-0182505
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
NC40 · Newark, DEZoning NC40 · permitted uses
NC40 · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$370,000
WAREHOUSE, STORAGE
Est. value
$470,000
INDUSTRIAL (GENERAL)
Est. value
$435,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1991
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Lot
10.28 ac
Current owner
From public records · entity-resolved
Exceptional Care Of Children INC
Entity
Mailing address
11 INDEPENDENCE WAY, NEWARK, DE 19713-1159
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2016
—
Exceptional Care Of Children INC
Exceptional Care Of Children INC
Quit Claim Deed
related
—
Sep 13, 2004
$10
Exceptional Care
Diversified Holdings INC
Grant Deed
related
$2,550,000 · Valley Investments Group Xiv
—
—
Exceptional Care Of Children INC
—
Deed Of Trust
related
$2,376,199 · Bancorp Bank
—
—
Exceptional Care
—
Deed Of Trust
related
$200,000 · Bancorp Bank
—
—
Exceptional Care For Children
—
Deed Of Trust
related
$500,000 · Bancorp Bank
—
—
Exceptional Care Of Children INC
—
Deed Of Trust
related
$500,000 · Bancorp Bank
—
—
Exceptional Care For Children
—
Deed Of Trust
related
$400,000 · Interstate Net Bank
—
—
Exceptional Care For Children
—
Deed Of Trust
related
$100,000 · Interstate Net Bank
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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