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Property profile & analytics
OFF-MARKET
Specialty properties
2300 Waters Edge Dr Newark, DE 19702-6355
Individually Owned
Absentee Owner
Free & Clear
Property ID
US17-0484285
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1994
Construction
CONCRETE
Total area
1,325 SF
Lot
14.56 ac (634,234 SF)
Zoning code
NCAP
APN
11-017.00-048
UPID
US17-0484285
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
-
Heart Healing Hands Alternative Medicine Practice Spa & Massage Center
-
Waters Edge Condominiums Condominium Complex
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
Jillian M Armiger
Jillian M Armiger
since 2026
7 recorded transactions
Zoning & alternative use
NCAP · 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
—
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
Tax billed
$1.00
Tax year 2023
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1994
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
2
Total area
1,325 SF
Lot
14.56 ac (634,234 SF)
Zoning code
NCAP
APN
11-017.00-048
UPID
US17-0484285
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
NCAP · Newark, DE
Zoning NCAP · permitted uses
NCAP · 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
1994
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Lot
14.56 ac
Current owner
From public records · entity-resolved
Jillian M Armiger
Individual
Free & Clear · 0 yrs held
Mailing address
2604 WATERS EDGE DR #179, NEWARK, DE 19702-6362
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
50 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2026
—
Janelle N Gray
—
Deed
related
$36,046 · West Capital Lending INC
Jan 21, 2026
—
Jillian M Armiger
Judith A Armiger
Deed
—
Dec 18, 2025
—
Hassan Siddiqui
Roslind Jensen
Deed
$155,000 · Prosperity Home Mortgage LLC
Oct 21, 2025
—
Imperial Poodles LLC
Lancaster Real Estate Of Newark LLC
Deed
$150,000 · Mld Mortgage
Oct 10, 2025
$185,000
Matthew Allen Crittenden
Betty S Reno
Deed
—
Oct 6, 2025
—
Steven W Skaggs
Sharon M Tracy
Warranty Deed
—
Sep 4, 2025
—
Deborah C Bass
—
Deed
related
$20,000 · Pnc Bank NA
Sep 2, 2025
—
Roderick F Cornelius
Richard R Meinzer
Deed
—
Aug 28, 2025
—
Alessandro Russo
Larry D Phillips
Deed
$209,000 · Guaranteed Rate INC
Aug 7, 2025
—
Stephen L Carradin
Bonnie R Rossetti
Deed
$152,000 · Pnc Bank NA
Aug 1, 2025
—
Aaron Massari
Warren C Adkins
Special Warranty Deed
$208,550 · Crosscountry Mortgage LLC
Jul 28, 2025
—
Samantha Ciafardo
James Ciafardo
Deed
related
—
Jul 10, 2025
—
Jonathan A Ramos
Hrm Holdings LLC
Deed
—
Jun 24, 2025
—
Venkata Ratnam Sadhu
Hwajin Mun
Deed
$168,000 · Guild Mortgage Co
Jun 5, 2025
—
Elisa Morris
Cynthia A Luce
Deed
$183,750 · Pike Creek Mortgage Services INC
Jun 4, 2025
—
Steven L Selway Revocable Trust
Nicholas Cottone
Deed
$160,000 · Citizens Bank NA
May 30, 2025
—
Amgad Hanafy
Virginia L Williams
Special Warranty Deed
$180,000 · Crosscountry Mortgage LLC
May 8, 2025
—
Pamela Carol Baglio
Julie Ann Bennett
Deed
—
Apr 17, 2025
—
William Hart
Edward Lee Phillips
Deed
$176,000 · Mortgage Research Center LLC
Mar 28, 2025
—
Kimberly Anne Bogia
Larry D Mcintosh
Deed
$79,900 · Pike Creek Mortgage Services INC
Feb 19, 2025
—
Lori Igla
Lorraine Phillips
Deed
—
Dec 17, 2024
—
Brahim Baaly
Sheryl A Miller
Deed
—
Oct 22, 2024
—
Diane Blankenship
James Vennard
Deed
—
Oct 3, 2024
—
John Arnold
Daniel Mcgavisk
Deed
$183,920 · New American Funding
Sep 17, 2024
—
Ali Khan Tabrez
Helen H Dill
Deed
$184,300 · Primary Residential Mortgage INC
Sep 16, 2024
—
Kathryn Certesio
Rebecca L Davis
Deed
$227,950 · American Neighborhood Mtg Acceptanc
Aug 16, 2024
—
Jennifer Buggs
Michael A Beresin
Deed
$140,000 · Prosperity Home Mortgage LLC
Aug 7, 2024
—
Pramod Pratishtha
Donte A Handy
Deed
$172,500 · Jpmorgan Chase Bank NA
Jun 28, 2024
$198,000
Sheryl A Miller
Twin Trees Of Newark LLC
Deed
—
May 1, 2024
—
Barbara Crumley
Barbara A Crumley
Intrafamily Transfer
related
—
Apr 2, 2024
$214,000
Reinaldo Diaz
Shahid Hussain
Deed
—
Feb 12, 2024
—
Robert S Grifo
Jasmellie Grifo
Intrafamily Transfer
related
—
Dec 19, 2023
—
Yiwen Hu
Donald Mathis
Deed
—
Sep 7, 2023
$229,000
Begench Igdyrov
Lauren Dietterick
Deed
—
Sep 5, 2023
—
Barbara Frederick
Michael E Dutt
Deed
$174,908 · Princeton Mortgage Corp
Aug 23, 2023
—
Xiaotong Yao
Kelly Lin
Deed
—
Aug 10, 2023
—
James Brian Sherwood
Jeffrey R Rose
Deed
—
Mar 31, 2023
—
Rebecca Waiters
Tanvir Mia
Deed
$128,450 · Pike Creek Mortgage Services INC
Mar 1, 2023
$86,500
Michael A Dutt
George J Farren
Deed
—
Dec 13, 2021
—
Qinquing Chen
Qinqing Chen
Intrafamily Transfer
related
—
Dec 10, 2021
—
Kit Cheng Sing
Lilia Kulmaczewski
Deed
—
Mar 29, 2021
$145,000
Bailey Investment Group LLC
Eric F Nichols
Deed
—
Mar 3, 2021
—
Kamboh LLC
Michele M Pukalski
Deed
—
Nov 15, 2019
$135,000
Emory G Sutch II
Jeffery E Thelen
Grant Deed
—
Apr 5, 2013
—
We Condo Council INC
Woods LP
Quit Claim Deed
related
—
—
—
Michael P Ford
—
Deed Of Trust
related
$25,000 · Ditech Com
—
—
Douglas A Maloney SR.
—
Deed Of Trust
related
$100,500 · Equifirst Corp
—
—
Larry C Ulshafer
—
Deed Of Trust
related
$73,354 · Citibank NA
—
—
Denise Morrison
—
Deed Of Trust
related
$112,473 · Household Finance Corp II
—
—
Victor L Mantone
—
Deed Of Trust
related
$145,800 · Precision Funding Group LLC
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.
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