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Property profile & analytics
OFF-MARKET
Estimated value
$6,955,000
Manufacturing properties
159 Lukens Dr, Historic New Castle, DE 19720-2765
Entity Owned
17-yr Hold
Free & Clear
Property ID
US17-0231666
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2010
Construction
ADOBE
Total area
89,300 SF
Lot
20.85 ac (908,226 SF)
Zoning code
21IOP
APN
21-002.00-061
UPID
US17-0231666
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
-
TA Instruments Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.75M
Comparable Approach
Comparable
$6.16M
Blend (final)
Blend
$6.96M
Owner & transaction history
Ta Instruments - Waters LLC · 17 yrs held
Ta Instruments - Waters LLC
since 2009
1 recorded transaction
Zoning & alternative use
21IOP · Historic New Castle, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.5M
+194.8%
Auto repair, garage
$10.8M
+175.0%
Warehouse, storage
$4.5M
+14.2%
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 Historic New Castle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Historic 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
by Request
CAP Approach
CAP Return
Estimation
6%
$8,390,000
6.5%
$7,745,000
7%
$7,195,000
Alternative Use
Use
Estimation
RESTAURANT
$11,525,000
Change: +195% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,750,000
Change: +175% · Conversion: Easy
WAREHOUSE, STORAGE
$4,465,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$6.96M
Range $6.26M – $7.65M · ±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
$78 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$184,873
Tax year 2024
Assessed value
$6,441,000
Assessed 2024
Previous assessed
$6,441,000
+0.0% YoY
Effective rate
2.87%
On assessed value
Assessed land
$612,800
Assessed improvement
$5,828,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2010
Construction
ADOBE
Heating
YES
Cooling
YES
Buildings
4
Stories
1
Total area
89,300 SF
Lot
20.85 ac (908,226 SF)
Zoning code
21IOP
APN
21-002.00-061
UPID
US17-0231666
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
21IOP · Historic New Castle, DE
Zoning 21IOP · permitted uses
21IOP · Historic New Castle, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Historic New Castle. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$11.5M
AUTO REPAIR, GARAGE
Est. value
$10.8M
WAREHOUSE, STORAGE
Est. value
$4.5M
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2010
Construction
ADOBE
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Lot
20.85 ac
Current owner
From public records · entity-resolved
Ta Instruments - Waters LLC
Entity
Free & Clear · 17 yrs held
Mailing address
159 LUKENS DR, HISTORIC NEW CASTLE, DE 19720-2765
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2009
—
Ta Instruments - Waters LLC
Parkway Gravel INC
Grant Deed
—
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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