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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Community centers
1220 Beaver Brk Plz New Castle, DE 19720-8632
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US17-0135286
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1983
Construction
CONCRETE
Total area
21,536 SF
Lot
13.1 ac (570,636 SF)
Zoning code
CR
APN
10-040.00-035
UPID
US17-0135286
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
-
Paul A. Washington, PT Physician
-
Denise L. Tessmer, PharmD Pharmacy
-
Airport Cleaners (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$955k
Owner & transaction history
Hugh P Mclaughlin JR · 9 yrs held
Hugh P Mclaughlin JR
since 2016
7 recorded transactions
Zoning & alternative use
CR · New Castle, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.1M
+42.1%
Industrial (general)
$945,000
+24.5%
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
Method
Estimation
Statistic approach
by Request
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$760,000
Current use
WAREHOUSE, STORAGE
$1,075,000
Change: +42% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$945,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±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
$44 / 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
$117,691
Tax year 2023
Assessed value
$3,841,700
Assessed 2023
Previous assessed
$3,841,700
+0.0% YoY
Effective rate
3.06%
On assessed value
Assessed land
$1,152,800
Assessed improvement
$2,688,900
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1983
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Total area
21,536 SF
Lot
13.1 ac (570,636 SF)
Zoning code
CR
APN
10-040.00-035
UPID
US17-0135286
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
CR · New Castle, DEZoning 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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$760,000
WAREHOUSE, STORAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$945,000
NEIGHBORHOOD: SHOPPING CENTER 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
1983
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
13.1 ac
Current owner
From public records · entity-resolved
Hugh P Mclaughlin JR
Individual
Mailing address
405 LARCH CIR, NEWPORT, DE 19804-2370
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2024
—
Hugh P Mclaughlin JR
—
Deed
related
$732,000 · Fulton Bank NA
Oct 26, 2016
—
Hugh P Mclaughlin JR
Ahrs Properties II LLC
Grant Deed
$13,330,000 · M&t Bk
Sep 1, 2011
—
Beaver Brook Crossing LLC
—
Deed Of Trust
related
$13,330,000 · Manufacturers Traders & Trust
Apr 3, 2009
—
Beaver Brook Crossing LLC
—
Deed Of Trust
related
$6,595,000 · Wilmington Trust Co
Mar 6, 2008
—
Middletown Commons LLC
Roal Wit LLC
Grant Deed
—
Nov 29, 2006
$6,500,000
Ahrs Properties II LLC
Material Transit INC
Deed
$6,735,000 · Wilmington Trust Co
—
—
Beaver Brook Crossing LLC
—
Deed Of Trust
related
$2,149,800 · Manufacturers Traders & Trust
—
—
Ahrs Properties II LLC
—
Loan Modification
related
$13,330,000 · M&t Bk
—
—
Beaver Brook Crossing LLC
—
Loan Modification
related
$2,149,800 · M&t Bk
—
—
Beaver Brook Crossing LLC
—
Deed Of Trust
related
$4,635,000 · Wilmington Trust Co
—
—
Beaver Brook Crossing LLC
—
Deed Of Trust
related
$6,735,000 · Wilmington Trust Co
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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