Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1604 Pulaski Hwy Newark, DE 19702-4105
    Back to Search
    Property profile & analytics

    1604 Pulaski Hwy, Newark, DE 19702-4105

    View on Map
    • Commercial land
    • 912 SF
    • 0.85 lot acres
    Off-Market
    Last Sale Jan 16, 2026
    Property ID
    US17-0232189
    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

    • Commercial land

    Property Details for 1604 Pulaski Hwy

    Year built
    1950
    Lot size
    0.85 lot acres
    Zone code
    CR
    Property type
    Commercial land
    APN
    10-048.00-002
    APU
    1004800002

    Description

    This exceptional retail outparcel presents a unique investment opportunity in the thriving Bear, Delaware market. Strategically located on Pulaski Highway (Route 40), a heavily trafficked commercial corridor boasting 40,140 vehicles daily, this property benefits from its proximity to a regional retail hub. The site's convenient location offers easy access to Route 1 (Exit 160), providing a crucial north-south connection between Philadelphia and Baltimore, ensuring high visibility and accessibility for potential businesses. Bear, a rapidly growing CDP in New Castle County, is experiencing significant residential and commercial development, making this outparcel an ideal location for a variety of retail uses. The area's robust economy, with strong representation in healthcare, finance, and retail, further enhances the property's investment potential. This prime location offers unparalleled exposure to a large customer base, making it an attractive proposition for businesses seeking a high-traffic, easily accessible location within a dynamic and expanding community. The property's address is 1604 Pulaski Hwy, Newark, DE 19702.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.6909
    Latitude
    39.6196
    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
    $2,133
    $51,000
    $0.00
    $51,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3.65 Acres

      701 Main St

      VACANT COMMERCIAL LAND
      701 Main St, Newark, DE 19702
      View Details
    • Value Estimation by Request
      0.28 Acres

      150 Corporate Blvd

      VACANT COMMERCIAL LAND
      150 Corporate Blvd, Newark, DE 19702-3307
      View Details
    • Value Estimation by Request
      0.55 Acres

      160 Corporate Blvd

      VACANT COMMERCIAL LAND
      160 Corporate Blvd, Newark, DE 19702-3307
      View Details
    • Value Estimation by Request
      2.50 Acres

      2342 Pleasant Vly Rd

      VACANT COMMERCIAL LAND
      2342 Pleasant Vly Rd, Newark, DE 19702-2108
      View Details
    • Value Estimation by Request
      0.72 Acres

      1411 Pulaski Hwy

      VACANT COMMERCIAL LAND
      1411 Pulaski Hwy, Newark, DE 19702-5107
      View Details
    • Value Estimation by Request
      1.53 Acres

      2625 Pulaski Hwy

      VACANT COMMERCIAL LAND
      2625 Pulaski Hwy, Newark, DE 19702-3909
      View Details

    Similar Nearby for Sale

    • $85,000

      Pulaski Highway Pad Site

      0.75 acre commercial land with high visibility.
      2466 Pulaski Hwy, Newark, DE 19702
      View Details
    • Contact for pricing

      Commercial Land Ready For Construction

      Two pad sites available for construction in prime commercial corridor.
      400 Biddle Ave, Newark, DE 19702
      View Details
    • Contact for pricing

      Commercial Pad Site For Lease

      Commercial pad site available for ground lease in Newark, DE.
      2800 Pulaski Hwy, Newark, DE 19702
      View Details
    • $1,200,000
      14.73 Acres

      Development Land on Old Baltimore

      14.73-acre parcel suitable for residential development or investment.
      1630 Old Baltimore Pike, Newark, DE 19702
      View Details
    • $295,000
      0.58 Acres

      Three Newark Lots For Sale

      Three lots being sold together in Newark, Delaware.
      12 Pleasantwood Rd, Newark, DE 19702
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,060 SF

      Land Ready For Construction

      Two pad sites approved for 50,000 SF office buildings.
      500 Biddle Ave, Newark, DE 19702
      View Details
    • Contact for pricing
      7,850 SF

      Commercial Land on Pulaski Highway

      Prime commercial land for retail and pad sites.
      2655 Pulaski Hwy, Newark, DE 19702
      View Details
    • Contact for pricing

      Pulaski Hwy Pad Site

      0.75 acre pad site for lease on Pulaski Hwy.
      Pulaski Hwy, Newark, DE 19702
      View Details
    • Contact for pricing

      Land For Rent Newark

      Land available for rent in Newark, Delaware.
      6 Brookhill Dr, Newark, DE 19702
      View Details
    • Contact for pricing
      8,002 SF

      Office Space Available For Rent

      Office and medical suites available, ranging from 982-8,002 SF.
      1400 Peoples Plz, Newark, DE 19702
      View Details
    • Contact for pricing

      High-Visibility Retail Space Available

      Retail spaces for rent in high-traffic Newark shopping center.
      500 Plaza Dr, Newark, DE 19702
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1604 Pulaski Hwy
    Newark, DE 19702-4105
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1604 Pulaski Hwy, Newark, DE, 19702
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!