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    141 Main St Newark, DE 19711-7559
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    Property profile & analytics

    141 Main St Newark, DE 19711-7559

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    • Retail space
    • 8,195 SF
    • 1.52 lot acres
    For Lease
    $1,030,000
    View Listing →
    Retail Space Near University of Delaware For Lease
    $1,030,000
    4,530 SF

    Retail Space Near University of Delaware

    4,530 SF retail space with prime frontage on E. Main.

    141 E Main St, Newark, DE
    View Listing
    Property ID
    US17-0288620
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sweatrie / (Bike/Boat/Book/etc) Store
    • Ginko's Thai Cafe / Restaurant
    • Funtivity Arcade&Fun Center / Arcade & Gaming Center / (Bike/Boat/Book/etc) Store
    • C'ZChimney&DryerVentCleaning / General Contractor / Renovation Specialist

    Property Details for 141 Main St

    Year built
    1960
    Construction
    CONCRETE
    Lot size
    1.52 lot acres
    Property size
    8,195 SF
    Zone code
    18BB
    Property type
    Retail space
    APN
    18-020.00-188
    APU
    1802000188

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,320,000
      6.5%
      $1,220,000
      7%
      $1,135,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,282,000
      Market price range: $343k - $1.28M

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7471
    Latitude
    39.6829
    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
    $30,483
    $178,900
    $636,200
    $815,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $785,000
      5,623 SF

      700 Capitol Trl

      RETAIL STORES (PERSONAL SERVICES) • 5,623 SF
      700 Capitol Trl, Newark, DE 19711-3951
      View Details
    • Value Estimation by Request
      1,200 SF

      951 New London Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      951 New London Rd, Newark, DE 19711-2113
      View Details
    • Value Estimation
      $3,315,000
      21,476 SF

      45 Main St

      RETAIL STORES (PERSONAL SERVICES) • 21,476 SF
      45 Main St, Newark, DE 19711-4686
      View Details
    • Value Estimation
      $725,000
      4,930 SF

      368 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,930 SF
      368 Main St, Newark, DE 19711-7148
      View Details
    • Value Estimation
      $10,030,000
      114,452 SF

      1000 Suburban Dr

      RETAIL STORES (PERSONAL SERVICES) • 114,452 SF
      1000 Suburban Dr, Newark, DE 19711-1833
      View Details
    • Value Estimation by Request
      1,800 SF

      232 Cleveland Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      232 Cleveland Ave, Newark, DE 19711-3711
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,648 SF

      Turnkey Restaurant Opportunity For Sale

      Fully equipped restaurant with favorable lease terms for sale.
      168 E Main St, Newark, DE 19711
      View Details
    • $650,000
      2.28 Acres

      Phillips Mill Building Lots Opportunity

      Six building lots in an established, age-restricted luxury community.
      102 Bldg Lots Ln, Newark, DE 19711
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,340 SF

      Main Street Retail Space Available

      Retail space for rent in mixed-use building on Main.
      100 S Main St, Newark, DE 19711
      View Details
    • Contact for pricing
      6,500 SF

      Retail Space on Capitol Trail

      Retail space available for lease on Capitol Trail.
      1200-1300 Capitol Trl, Newark, DE 19711
      View Details
    • Contact for pricing
      1,488 SF

      Retail Space Near University

      Retail space for lease near the University of Delaware.
      230 E Main St, Newark, DE 19711
      View Details
    • Contact for pricing
      551 SF

      Retail Spaces Available for Lease

      Retail units available for lease in Newark, Delaware.
      401-421 New London Rd, Newark, DE 19711
      View Details
    • Contact for pricing
      3,160 SF

      Retail Space Near University

      Retail space for lease with high visibility and access.
      325 Newark Sc, Newark, DE 19711
      View Details
    • Contact for pricing
      2,052 SF

      Retail Space Near Main Street

      Retail space available in Newark, Delaware, near popular establishments.
      164 E Main St, Newark, DE 19711
      View Details
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    Newark, DE 19711-7559
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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