Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
Property profile & analytics

111 Ruthar Dr Newark, DE 19711

  • Warehouses
  • 10,200 SF
  • 1.66 lot acres
For Lease
Last Sale
Nov 17, 2023
$1,100,000
Value Estimations
$1,610,000
Cap Rate Potential
4.9%
Warehouses
Location Intelligence
Property ID
US17-0136591
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

  • Phar Merica / Pharmacy
  • Elaine P. Voit, RPh / Pharmacy
  • Gloria F. Akinkunmi, PharmD / Pharmacy
  • Wayne C. Sartorio Sr, PharmD / Pharmacy
  • Patricia A. Klishevich, RPH / Pharmacy

Property Details for 111 Ruthar Dr

Year built
1994
Construction
CONCRETE
Lot size
1.66 lot acres
Property size
10,200 SF
Zone code
I
Property type
Warehouses
APN
09-017.00-069
APU
901700069

Description

This exceptional 16,000-square-foot industrial property at 111 Ruthar Drive in Newark, Delaware, presents a unique investment opportunity. Currently offering 3,300 square feet of immediately available space within a single-story, Class B building, this flex/warehouse space is perfect for a variety of businesses. The building sits on a 1.66-acre lot and features a 20-foot ceiling height, ideal for storage or high-volume operations. One loading dock and one dock-high door ensure efficient loading and unloading. Ample parking is available for employees and clients. The property is zoned for industrial use and benefits from a convenient location within the Harmony Industrial Park, providing easy access to major transportation arteries including I-95, Route 72, and Route 2, offering seamless connectivity throughout New Castle County. The landlord is open to negotiating tenant improvements, making this space adaptable to specific business needs. The existing tenant occupies the remaining space, creating a stable environment. This property offers a blend of functionality and accessibility, making it an attractive option for businesses seeking a strategic location in Delaware. The 19711 zip code provides access to a robust workforce and established infrastructure. This is a single-tenant building with significant potential for growth and customization.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,605,000
    ML approach
    $1,555,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $1,325,000
    6.5%
    $1,220,000
    7%
    $1,135,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $2,017,000
    Market price range: $684k - $2.02M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Newark
County
New Castle
State
Delaware
Longitude
-75.6915
Latitude
39.6919
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
2024
$30,114
$66,400
$640,800
$707,200
-
$0.00
$0.00
$0.00
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message