Technical
Financial
Distress signals
Property profile

2351 Glasgow Ave Newark, DE 19702

OFF-MARKET
Drive through restaurants
Property ID
US17-0180393
4,848 SF 1.45 ac lot Built 1988
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1988
Construction CONCRETE
Total area 4,848 SF
Lot 1.45 ac (63,162 SF)
Zoning code CR
APN 11-026.00-075
UPID US17-0180393

Cap rate & NOI

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

Location

2351 Glasgow Ave Newark, DE 19702-3920
Newark metro Census 14808 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
$769k
Blend (final) Blend
$500k

Owner & transaction history

Zoning & alternative use

CR · Newark, DE
Top alternative use upside
Medical building $840,000 +43.3%
Commercial (general) $815,000 +38.8%

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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