Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1819 Newport Rd Wilmington, DE 19808-6039
    Back to Search
    Property profile & analytics

    1819 Newport Rd, Wilmington, DE 19808-6039

    View on Map
    • Office Spaces
    • 2,102 SF
    • 0.26 lot acres
    Off-Market
    Last Sale Mar 7, 2023
    Property ID
    US17-0309803
    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

    • Redemption Addiction Treatment Center / Medical Clinic
    • United Steelworkers / Advocacy Group
    • Communications Workers-America / Advocacy Group
    • Diamond State Telephone Comm / Advocacy Group

    Property Details for 1819 Newport Rd

    Year built
    1920
    Construction
    CONCRETE
    Lot size
    0.26 lot acres
    Zone code
    CN
    Property type
    Office Spaces
    APN
    07-041.10-032
    APU
    704110032

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 9, 2023 — 1819 Newport Holding LLC — Deed · related $476k · Citizens Bank NA
    Mar 7, 2023 — 1819 Newport Holding LLC Matthew Ganem Quit Claim Deed · related —
    Dec 7, 2022 — Matthew Ganem Lg Developments LLC Deed —
    Dec 12, 2019 $175,000 Lg Developments LLC United Steel Deed $236k · Fulton Bank NA
    Jun 8, 2018 — United Steel Paper & Forestry United Steel Paper & Forestry R Quit Claim Deed · related —

    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
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.6345
    Latitude
    39.7292
    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
    $0.00
    $19,800
    $133,900
    $153,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,121 SF

      4616 Kirkwood Hwy

      OFFICE (GENERAL)
      4616 Kirkwood Hwy, Wilmington, DE 19808-5006
      View Details
    • Value Estimation by Request
      960 SF

      3719 Old Capitol Trl

      OFFICE (GENERAL)
      3719 Old Capitol Trl, Wilmington, DE 19808-6001
      View Details
    • Value Estimation by Request
      1,110 SF

      5207 Woodmill Dr

      OFFICE (GENERAL)
      5207 Woodmill Dr, Wilmington, DE 19808-4068
      View Details
    • Value Estimation by Request
      1,116 SF

      5203 Woodmill Dr

      OFFICE (GENERAL)
      5203 Woodmill Dr, Wilmington, DE 19808
      View Details
    • Value Estimation
      $1,550,000
      7,239 SF

      1623 Newport Gap Pike

      OFFICE (GENERAL)
      1623 Newport Gap Pike, Wilmington, DE 19808
      View Details
    • Value Estimation
      $4,185,000
      20,184 SF

      2951 Centerville Rd

      OFFICE (GENERAL)
      2951 Centerville Rd, Wilmington, DE 19808-1611
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,515 SF

      Pike Creek Medical/Office Condo

      Medical/Office condo for sale in high-traffic location.
      3105 Limestone Rd, Wilmington, DE 19808
      View Details
    • Contact for pricing

      Two-Building Office Complex For Sale

      Two four-story office buildings with on-site amenities and ample parking.
      2711 Centerville Rd, Wilmington, DE 19808
      View Details
    • Contact for pricing

      Wilmington Office Space For Sale

      4,921 SF office space with high visibility.
      Wilmington New, Wilmington, DE 19808
      View Details
    • $470,000

      Established Medical Office Condo

      Turn-key medical office condo with ample parking and easy access.
      2601 Annand Dr, Wilmington, DE 19808
      View Details
    • Contact for pricing

      Two-Building Office Center with Amenities

      Two Class A office buildings with on-site amenities.
      2751 Centerville Rd, Wilmington, DE 19808
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space with Onsite Maintenance

      Office space featuring onsite maintenance and multiple elevators.
      4512 Kirkwood Hwy, Wilmington, DE 19808
      View Details
    • Contact for pricing

      Office Space with Onsite Maintenance

      Office space featuring onsite maintenance and elevator access.
      1941 Limestone Rd, Wilmington, DE 19808
      View Details
    • $23 SF/Yr

      Pike Creek Office Building For Rent

      Two-story office building with elevator and abundant parking.
      5307 Limestone Rd, Wilmington, DE 19808
      View Details
    • $4,400 /Mo

      Kirkwood Highway Office Suites Available

      Office suites for lease with easy access to major routes.
      4708 Kirkwood Hwy, Wilmington, DE 19808
      View Details
    • Contact for pricing
      2,000 SF

      Kirkwood Highway Office Suites

      Office suites available for lease on Kirkwood Highway.
      4708 Kirkwood Hwy, Wilmington, DE 19808
      View Details
    • Contact for pricing

      Retail and Office Building in Wilmington

      Two-story building suitable for retail, office, and bank tenants.
      2060 Limestone Rd, Wilmington, DE 19808
      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.
    1819 Newport Rd
    Wilmington, DE 19808-6039
    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
    1819 Newport Rd, Wilmington, DE, 19808
    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!