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Property profile & analytics
FOR LEASE
Warehouses
211 Executive Dr, Newark, DE 19702
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US17-0211120
For Lease
1 / 3
$11,685,000
211 Executive Dr, Newark, DE 19702
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
CONCRETE
Total area
182,424 SF
Lot
11.8 ac (514,008 SF)
Zoning code
BP
APN
11-021.00-046
UPID
US17-0211120
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
United Specialty Foam Recording Studio
-
Quantum Polymers Corp. Factory Production Facility
-
Sky Zone Trampoline Park Arcade & Gaming Center Family Recreation Center
-
The Interior Alternative (Bike/Boat/Book/etc) Store
-
Texcel Factory Chemical Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.69M
Owner & transaction history
Ksip I Pencader LLC · 4 yrs held
Ksip I Pencader LLC
since 2021
6 recorded transactions
Zoning & alternative use
BP · Newark, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Newark submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newark submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$64 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$172,391
Tax year 2024
Assessed value
$4,048,500
Assessed 2024
Previous assessed
$4,048,500
+0.0% YoY
Effective rate
4.26%
On assessed value
Assessed land
$188,800
Assessed improvement
$3,859,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2006
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
1
Total area
182,424 SF
Lot
11.8 ac (514,008 SF)
Zoning code
BP
APN
11-021.00-046
UPID
US17-0211120
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
BP · Newark, DE
Zoning BP · permitted uses
BP · Newark, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newark. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
11.8 ac
Current owner
From public records · entity-resolved
Ksip I Pencader LLC
Entity
Mailing address
725 CONSHOHOCKEN STATE RD, BALA CYNWYD, PA 19004-2122
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2021
—
Ksip I Pencader LLC
Arboretum Holdings LLC
Deed
$480,250,000 · Areeif Lender B LLC
Dec 5, 2019
—
Arboretum Holdings LLC
—
Grant Deed
related
$21,000,000 · Investors Bk
Nov 16, 2017
—
Arboretum Holdings LLC
Cader LLC
Deed
—
Dec 3, 2013
—
Nnsrep Llce
Mattei Corp
Grant Deed
—
—
—
Cader LLC
—
Deed Of Trust
related
$10,400,000 · Webster Bk NA
—
—
Mattei Corp
—
Deed Of Trust
related
$8,900,000 · Union Fidelity Life Insurance
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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