Property profile

227 Chapman Rd Newark, DE 19702

OFF-MARKET
Warehouses
Property ID
US17-0437241
26,000 SF 4.04 ac lot Built 2022
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2022
Construction CONCRETE
Total area 26,000 SF
Lot 4.04 ac (175,982 SF)
Zoning code OR
APN 09-029.00-012
UPID US17-0437241

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Storage Facility

Location

227 Chapman Rd Newark, DE 19702-5407
Newark metro Census 13906 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$970k
Blend (final) Blend
$1.16M

Owner & transaction history

since 2020
Last sale
$850,000
4 recorded transactions
2024
Price N/A
2021
Price N/A
2020
$850,000
2014
Price N/A

Zoning & alternative use

OR · Newark, DE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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