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Property profile & analytics
FOR LEASE
Community centers
230 E Main St Newark, DE 19711
Trust Owned
3-yr Hold
~
Est. High Equity
Property ID
US17-0300100
For Lease
1 / 2
Contact for pricing
230 E Main St, Newark, DE 19711
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1955
Construction
CONCRETE
Total area
9,920 SF
Lot
11.84 ac (515,750 SF)
Zoning code
18BB
APN
18-020.00-245
UPID
US17-0300100
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
-
Metro by T-Mobile Telecommunications Service
-
Wingstop Restaurant
-
Pho Ever Cafe Restaurant
-
Poke Bros. Bar & Pub
-
Kungfu Hotpot&BBQ Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
250 Main Street Trust · 3 yrs held
250 Main Street Trust
since 2022
4 recorded transactions
Zoning & alternative use
18BB · Newark, DE
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
—
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 2023Property tax & assessments
Tax year 2023
Assessed value
$6,084,400
Assessed 2023
Previous assessed
$6,084,400
+0.0% YoY
Assessed land
$1,184,000
Assessed improvement
$4,900,400
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1955
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
9
Stories
1
Total area
9,920 SF
Lot
11.84 ac (515,750 SF)
Zoning code
18BB
APN
18-020.00-245
UPID
US17-0300100
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
18BB · Newark, DEZoning 18BB · permitted uses
18BB · Newark, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
BILL NO
Building & site characteristics
From public records
Year built
1955
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
9
Lot
11.84 ac
Current owner
From public records · entity-resolved
250 Main Street Trust
Trust
Mailing address
2800 QUARRY LK DR STE #340, BALTIMORE, MD 21209-3764
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2022
—
250 Main Street Trust
Newark Shopping Center Owner LLC
Special Warranty Deed
$20,100,000 · Sandy Spring Bank
Aug 6, 2021
—
Newark Shopping Center Owner LLC
—
Deed
related
$18,000,000 · United Bank
Dec 28, 2012
—
Newark Shopping Ctr Owner LLC
Newark Shopping Ctr Owner LLC
Quit Claim Deed
related
—
Jun 5, 2008
$11,696,650
Ag/spectrum Newark LLC
Fw Newark LLC
Special Warranty Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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