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    2001 Old Coochs Brg Rd Newark, DE 19702-2471
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    Property profile & analytics

    2001 Old Coochs Brg Rd, Newark, DE 19702-2471

    View on Map
    • Warehouses
    • 385,350 SF
    • 43.51 lot acres
    Off-Market
    Last Sale Apr 9, 2025
    Property ID
    US17-0136325
    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
    $27,110,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sardo & Sons / Warehouse & Storage

    Property Details for 2001 Old Coochs Brg Rd

    Year built
    2023
    Construction
    BRICK
    Lot size
    43.51 lot acres
    Zone code
    OR
    Property type
    Warehouses
    APN
    11-018.00-061
    APU
    1101800061

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 9, 2025 — Dupont Specialty Products USA LLC Lpc First State Holding Company LP Deed —
    Apr 1, 2025 — Lpc First State Holding Company LP — Deed · related $108M · Ing Capital LLC
    May 17, 2023 — Lpc First State Holding Company LP Delmarva Power & Light Company Land Contract —
    Oct 13, 2022 — Lpc First State Holding Company LP — Deed · related $100.1M · Quadreal Finance INC
    Apr 27, 2022 — Lpc First State Holding Company LP — Deed · related $95.8M · Quadreal Finance INC
    Feb 16, 2022 — New Castle County Lpc First State Holding Company LP Land Contract —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $25,850,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7354
    Latitude
    39.6248
    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
    2024
    $382,215
    $556,900
    $8,419,200
    $8,976,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $12,875,000
      186,610 SF

      674 Pencader Dr

      WAREHOUSE, STORAGE
      674 Pencader Dr, Newark, DE 19702-3348
      View Details
    • Value Estimation by Request

      700 Dusk Run Rd

      Distribution properties
      700 Dusk Run Rd, Newark, DE 19702
      View Details
    • Value Estimation by Request
      1,152 SF

      1337 Old Baltimore Pike

      WAREHOUSE, STORAGE
      1337 Old Baltimore Pike, Newark, DE 19702
      View Details
    • Value Estimation
      $505,000
      4,800 SF

      18 Albe Dr

      WAREHOUSE, STORAGE
      18 Albe Dr, Newark, DE 19702-1353
      View Details
    • Value Estimation
      $760,000
      8,600 SF

      89 Albe Dr

      WAREHOUSE, STORAGE
      89 Albe Dr, Newark, DE 19702-1321
      View Details
    • Value Estimation by Request
      4,920 SF

      23 Albe Dr

      WAREHOUSE, STORAGE
      23 Albe Dr, Newark, DE 19702-1321
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Newark Office/Industrial Building For Sale

      29,750 SF office/industrial building in Pencader Corporate Center.
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      Corporate Campus Office Building

      Office building in corporate campus with ample parking.
      200 Biddle Ave, 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
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    Similar Nearby for Lease

    • Contact for pricing
      278,876 SF

      Warehouse Space Available For Lease

      278,876 SF warehouse space available in Newark, Delaware.
      700 Dusk Run Rd, Newark, DE 19702
      View Details
    • Contact for pricing
      6,900 SF

      Industrial Space Near I-95

      Accessible industrial space ideal for distribution and manufacturing headquarters.
      211 Executive Dr, Newark, DE 19702
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Newark, Delaware.
      900 Center Blvd, Newark, DE 19702
      View Details
    • Contact for pricing
      3,117 SF

      University Office Plaza Space Available

      Office space for rent in a dynamic six-building office park.
      260 Chapman Rd, 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
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    Newark, DE 19702-2471
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    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
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