Property profile

230 Cleveland Ave Newark, DE 19711

OFF-MARKET
Distribution properties
Property ID
US17-0121517
4,844 SF 4.07 ac lot Built 1968
Entity Owned 13-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Distribution properties
Use group COM AUTO TRANS/STORAGE
Year built 1968
Construction CONCRETE
Total area 4,844 SF
Lot 4.07 ac (177,289 SF)
Zoning code 18BC
APN 18-014.00-251
UPID US17-0121517

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
  • Insurance Agency
  • Car Dealership
  • Auto Parts Store

Location

230 Cleveland Ave Newark, DE 19711-3711
Newark metro Census 14501 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$535k
CAP Approach CAP
by Request
Comparable Approach Comparable
$531k
Blend (final) Blend
$530k

Owner & transaction history

since 2013
4 recorded transactions
2017
Price N/A
2014
Price N/A
2013
$9.5M
2011
Price N/A

Zoning & alternative use

18BC · Newark, DE
Top alternative use upside
Retail stores $520,000 +30.7%
Auto repair, garage $455,000 +14.4%

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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