Financial
Distress signals
Property profile

20 Shea Way Newark, DE 19713

FOR LEASE
Other warehouses
Property ID
US17-0014549
53,093 SF Built 1990
Last sale Dec 2022
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address.
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Property summary

AI-generated overview

A 13,125-square-foot warehouse facility with an attached office area of approximately 700 square feet. The warehouse includes 2 loading docks and 3 drive-in doors, each sized at 10 feet by 10 feet, with a warehouse clear height of 22 feet. The interior column spacing is 40 feet by 40 feet. The property is positioned for access to major transportation routes including I-95, I-295, I-495, and the Delaware Memorial Bridge.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$49k
Tax billed · 2024
Assessed value$1.14M
Assessed land$156k
Assessed improvement$988k
Effective rate4.26%

Value estimate

· Sep 2026
$1.10M
$986k – $1.20M
Submarket $/SF estimate$4.62M
NOI build-up
Gross scheduled income$118k
Vacancy & credit loss−$12k
Operating expenses−$32k
NOI · 822,277.78% cap applied$74k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$137/SF
County average, outlier-cleaned · 41 recorded sales of this use type
Observed band · Q1–Q3$67 – $198

Cap rate analysis

How does the asset earn?
822,277.78%
$74k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
I
JurisdictionNEW CASTLE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency35.1
Dental Office26.3
Law Firm23.4

Location

20 Shea Way Newark, DE 19713
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
318 Markus, Newark, DE 19713-1151 $665,000 Aug 2025 No data
18 Garfield, Newark, DE 19713 $1,600,000 Apr 2025 No data
6 Shea, Newark, DE 19713-3422 $400,000 Dec 2022 13,820 SF
8 Tyler, Newark, DE 19713-3449 $585,000 Sep 2022 4,860 SF
728 Stanton Christiana, Newark, DE 19713-2128 $1,900,000 May 2021 29,040 SF
285 Red Ml, Newark, DE 19713 $3,250,000 Dec 2019 1,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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