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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
235 Delaware Ave Newark, DE 19711-4606
Entity Owned
5-yr Hold
Free & Clear
Property ID
US17-0239923
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1961
Construction
CONCRETE
Total area
2,030 SF
Lot
0.42 ac (18,295 SF)
Zoning code
18BC
APN
18-020.00-204
UPID
US17-0239923
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
-
Citibank ATM Atm
-
Amazon Hub Locker - Adeen Courier Service Postal Service
-
Amazon Locker - Adeen Shipping Company Freight Service
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
235 Delaware LLC · 5 yrs held
235 Delaware LLC
since 2021
3 recorded transactions
Zoning & alternative use
18BC · 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
Tax billed
$5,323
Tax year 2023
Assessed value
$146,700
Assessed 2023
Previous assessed
$146,700
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed land
$109,800
Assessed improvement
$36,900
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1961
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
1
Total area
2,030 SF
Lot
0.42 ac (18,295 SF)
Zoning code
18BC
APN
18-020.00-204
UPID
US17-0239923
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
18BC · Newark, DEZoning 18BC · permitted uses
18BC · 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
1961
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
235 Delaware LLC
Entity
Free & Clear · 5 yrs held
Mailing address
18500 VON KARMAN AVE STE #600, IRVINE, CA 92612-0520
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2021
—
235 Delaware LLC
Zc Delaware Avenue LLC
Deed
—
Dec 6, 2005
$10
Zc Delaware Avenue LLC
Church & Elmwood Associates
Grant Deed
—
—
—
Zc Delaware Avenue LLC
—
Deed Of Trust
related
$950,000 · Shenandoah Life Insurance Co
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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