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Property profile & analytics
OFF-MARKET
Estimated value
$5,760,000
Office Spaces
111 Pencader Dr Newark, DE 19702-3322
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US17-0191286
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1991
Construction
CONCRETE
Total area
24,663 SF
Lot
4.68 ac (203,861 SF)
Zoning code
BP
APN
11-021.00-031
UPID
US17-0191286
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
-
SDIX, LLC Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.05M
CAP Approach
CAP
$3.87M
Comparable Approach
Comparable
$4.51M
Blend (final)
Blend
$5.76M
Owner & transaction history
Fedale Property 2 LLC · 4 yrs held
Fedale Property 2 LLC
since 2021
Last sale
$5.9M
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
$7,410,000
ML approach
$7,045,000
CAP Approach
CAP Return
Estimation
6%
$4,190,000
6.5%
$3,865,000
7%
$3,590,000
Blend value · Realmo final
$5.76M
Range $5.18M – $6.34M · ±10% · vs last sale $5.87M (Jul 21 2021)
Last sale anchor
$5.87M
Jul 21 2021
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
$234 / 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
Tax billed
$95,649
Tax year 2023
Assessed value
$2,287,300
Assessed 2023
Previous assessed
$2,287,300
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$163,800
Assessed improvement
$2,123,500
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
1991
Construction
CONCRETE
Heating
YES
Buildings
3
Stories
1
Total area
24,663 SF
Lot
4.68 ac (203,861 SF)
Zoning code
BP
APN
11-021.00-031
UPID
US17-0191286
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.
Building & site characteristics
From public records
Year built
1991
Construction
CONCRETE
Heating
YES
Stories
1
Buildings
3
Lot
4.68 ac
Current owner
From public records · entity-resolved
Fedale Property 2 LLC
Entity
Mailing address
160 THOMPSON DR, HOCKESSIN, DE 19707-1911
Ownership since
2021
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
Sep 29, 2022
—
Fedale Property 2 LLC
—
Deed
related
$159,000 · Wilmington Savings Fund Society Fsb
Sep 2, 2021
—
Pencader Equities LLC
—
Deed
related
$290,000 · First Southern National Bank
Jul 21, 2021
$5,865,000
Fedale Property 2 LLC
Pencader Equties LLC
Special Warranty Deed
$4,398,750 · Wilmington Savings Fund Society Fsb
Aug 29, 2018
$4,620,000
Pencader Equities LLC
Stag III Newark LLC
Special Warranty Deed
$2,900,000 · First Southern National Bank
Dec 4, 2007
$5,135,000
Stag III Newark LLC
Brandywine Grande B LP
Special Warranty Deed
—
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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