Property profile

1505 Dupont Hwy New Castle, DE 19720

OFF-MARKET
Auto shops
Property ID
US17-0037958
4,000 SF 0.69 ac lot Built 1974
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

Retail space located within Parkway Shopping Center comprising 2,000 square feet. The space is positioned for exposure to vehicular traffic, with a stated traffic count of 58,496 cars per day. The surrounding area includes a 5-mile radius market area with a population of 182,977 and an average household income of $73,161.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1974
Construction CONCRETE
Total area 4,000 SF
Lot 0.69 ac (30,056 SF)
Zoning code CR
APN 10-014.00-018
UPID US17-0037958

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Department Store
  • Bar & Pub
  • (Bike/Boat/Book/etc) Store Auto Parts Store
  • Nail Salon

Location

1505 Dupont Hwy New Castle, DE 19720-1901
New Castle metro Census 15200 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
$679k
Blend (final) Blend
$350k

Owner & transaction history

since 2019
2 recorded transactions
2019
Price N/A
2018
Price N/A

Zoning & alternative use

CR · New Castle, DE
Top alternative use upside
Medical building $625,000 +29.3%
Retail stores $615,000 +28.1%
Commercial (general) $550,000 +13.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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