240 Chapman Rd Newark, DE 19702-5405
Property profile & analytics
240 Chapman Rd, Newark, DE 19702-5405
- Hotels
- 7,210 SF
- 5.00 lot acres
Property ID
US17-0179226
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- 240 Chapman Road Parking / Parking Lot & Garage
- Sonesta ES Suites Wilmington-Newark / Hotel & Motel / Vacation Rental
Property Details for 240 Chapman Rd
- Year built
- 1989
- Construction
- CONCRETE
- Lot size
- 5.00 lot acres
- Zone code
- CR
- Property type
- Hotels
- APN
- 09-029.00-031
- APU
- 902900031
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 27, 2007 | — | Paul Schmidt Ents | Northtowne INC | Grant Deed | — |
| — | — | Bre Apex Property Owner LLC | — | Deed Of Trust · related | $150M · Goldman Sachs Bk USA |
| — | — | Ruby Wilmington Newark LP | — | Deed Of Trust · related | $43k · Merrill Lynch Mortgage Lending |
| — | — | Bre Apex Property Owner LLC | — | Loan Modification · related | $8.7M · Goldman Sachs Bk USA |
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $665,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $670,000
- 6.5%
- $615,000
- 7%
- $570,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $563,000
Market price range: $360k - $633k -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $465,000 Current use
- RESTAURANT
- $870,000 Change: +87% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $680,000 Change: +46% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- New Castle
- State
- Delaware
- Longitude
- -75.6821
- Latitude
- 39.6672
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$32,362
$653,400
$1,271,900
$1,925,300
-
$0.00
$0.00
$0.00
