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    Property profile & analytics

    131 Chestnut Hl Rd Newark, DE 19713-4043

    • Medical offices
    • 2,556 SF
    • 1.01 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Last Sale
    Dec 16, 2021
    Location Intelligence
    Property ID
    US17-0499234
    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

    • Dr. David Ettinger / Dentist / Practitioner Service Location
    • Premier Oral & Facial Surgery / Oral Surgeon

    Property Details for 131 Chestnut Hl Rd

    Year built
    1988
    Construction
    CONCRETE
    Lot size
    1.01 lot acres
    Property size
    2,556 SF
    Zone code
    18BL
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    18-044.00-129
    APU
    1804400129

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $395,000
      6.5%
      $420,000
      7%
      $420,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $400,000
      Geo Method
      $425,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $460,000
      Retail
      $370,000
      Mixed-Use
      $465,000
      Hospitality
      $490,000
      Educational
      $470,000
      Residential Income
      $480,000
      Energy
      $390,000
      Income-Based Land
      $480,000
      Food Service
      $485,000

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7482
    Latitude
    39.6574
    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
    2023
    $5,501
    $50,500
    $101,100
    $151,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,630,000
      4,816 SF

      4133 Ogletown Stanton Rd

      DENTAL BUILDING • 4,816 SF
      4133 Ogletown Stanton Rd, Newark, DE 19713-4187
      View Details
    • Value Estimation
      $615,000
      4,890 SF

      1096 Old Churchmans Rd

      DENTAL BUILDING • 4,890 SF
      1096 Old Churchmans Rd, Newark, DE 19713-2102
      View Details
    • Value Estimation by Request
      64,622 SF

      540 College Ave

      MEDICAL CLINIC • 64,622 SF
      540 College Ave, Newark, DE 19713-1302
      View Details
    • Value Estimation
      $855,000
      6,504 SF

      1092 Old Churchmans Rd

      DENTAL BUILDING • 6,504 SF
      1092 Old Churchmans Rd, Newark, DE 19713-2102
      View Details
    • Value Estimation
      $365,000
      2,118 SF

      620 Stanton Christiana Rd Ste, Unit 201

      DENTAL BUILDING • 2,118 SF
      620 Stanton Christiana Rd Ste, Newark, DE 19713-2130
      View Details
    • Value Estimation
      $715,000
      3,400 SF

      4701 Ogletown Stanton Rd Ste, Unit 4500

      DENTAL BUILDING • 3,400 SF
      4701 Ogletown Stanton Rd Ste, Newark, DE 19713-2069
      View Details

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    Similar Nearby for Lease

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      Well-maintained office space in prominent medical center, ready now.
      53 Omega Dr, Newark, DE 19713
      View Details
    • $22 SF/Yr
      2,405 SF

      Medical Office Space For Rent

      Well-maintained medical office building near Christiana Hospital.
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      View Details
    • Contact for pricing

      Medical Condominium Complex For Rent

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      View Details
    • $25 SF/Yr
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      Office Space Near I-95

      Office space available for rent near I-95.
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    • $90 SF/Yr
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      Prestigious Delaware office space available.
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      Newark Office Space: Prides Crossing

      Executive & traditional office suites in prime Newark location.
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    Newark, DE 19713-4043
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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