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    Property profile & analytics

    2 Memorial Dr New Castle, DE 19720-1311

    • Commercial land
    • 1.00 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 06, 2025
    Location Intelligence
    Property ID
    US17-0055911
    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.

    Current Use by Public Records

    • Commercial land

    Property Details for 2 Memorial Dr

    Lot size
    1.00 lot acres
    Zone code
    CR
    Property type
    Commercial land
    APN
    10-010.40-097
    APU
    1001040097

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5531
    Latitude
    39.6993
    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
    $4,004
    $130,700
    $0.00
    $130,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2.85 Acres

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    • Value Estimation by Request
      0.08 Acres

      860 Dupont Hwy

      VACANT COMMERCIAL LAND • 0.08 Acres
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      Frenchtown Rd

      VACANT COMMERCIAL LAND • 4.25 Acres
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      2.07 Acres

      King Ct

      VACANT COMMERCIAL LAND • 2.07 Acres
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    • Value Estimation by Request
      3.07 Acres

      435 Old Airport Rd

      VACANT COMMERCIAL LAND • 3.07 Acres
      435 Old Airport Rd, New Castle, DE 19720-1001
      View Details
    • Value Estimation by Request
      0.50 Acres

      326 Old State Rd

      VACANT COMMERCIAL LAND • 0.50 Acres
      326 Old State Rd, New Castle, DE 19720
      View Details

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      23 SF

      Warehouse Site Ready For Development

      Approved site for a 125,000 SF warehouse with immediate highway access.
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      Commercial Land in Prime Location

      1.5 acres of commercial land for lease in New Castle.
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    Similar Nearby for Lease

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      Retail Development Opportunity on Highway

      20,000 SF retail development for ground lease or build-to-suit.
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      Industrial Zoned Open Yard Lot

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      Anchored Shopping Center Pad Sites

      Approved shopping center pad sites in New Castle County, DE.
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    2 Memorial Dr
    New Castle, DE 19720-1311
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    Realmo Value Estimation

    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.

    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.

    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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