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Property profile & analytics
FOR SALE
Motels
1200 West Ave New Castle, DE 19720
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US17-0120892
For Sale
1 / 4
Contact for pricing
1200 West Ave, New Castle, DE 19720
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1982
Construction
CONCRETE
Total area
3,686 SF
Lot
4.35 ac (189,486 SF)
Zoning code
CR
APN
10-010.00-022
UPID
US17-0120892
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
-
Knights Inn New Castle/Wilmington/ former Motel-6 Hotel & Motel Bed & Breakfast
-
Best Night Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
300 Gateway LLC · 13 yrs held
300 Gateway LLC
since 2013
4 recorded transactions
Zoning & alternative use
CR · New Castle, 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 New Castle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Castle 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$40,420
Tax year 2023
Assessed value
$1,319,400
Assessed 2023
Previous assessed
$1,319,400
+0.0% YoY
Effective rate
3.06%
On assessed value
Assessed land
$477,000
Assessed improvement
$842,400
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
Motels
Use group
MOTEL
Status
For Sale
Year built
1982
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
4
Stories
2
Total area
3,686 SF
Lot
4.35 ac (189,486 SF)
Zoning code
CR
APN
10-010.00-022
UPID
US17-0120892
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
CR · New Castle, DE
Zoning CR · permitted uses
CR · New Castle, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Castle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Buildings
4
Lot
4.35 ac
Current owner
From public records · entity-resolved
300 Gateway LLC
Entity
Mailing address
100 CENTURY PKWY STE #110, MOUNT LAUREL, NJ 08054-1149
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2013
—
300 Gateway LLC
G6 Hospitality Property LLC
Grant Deed
—
Oct 24, 2012
—
G6 Hospitality Property LLC
Motel 6 Operating LP
Grant Deed
—
Jun 20, 2012
—
Motel 6 Operating LP
East S9 LLC
Grant Deed
—
—
—
300 Gateway LLC
—
Deed Of Trust
related
$1,000 · Access Point Financial INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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