Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    257 Main St Newark, DE 19711-7382

    • Commercial land
    • 1.51 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US17-0471327
    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.

    Current Use by Public Records

    • Center for Drug and Health Studies / Research Institute
    • Formal Affairs Delaware / (Bike/Boat/Book/etc) Store / Clothing & Fashion Store
    • The Flower Place of Newark / (Bike/Boat/Book/etc) Store / Florist
    • HOTWAX Delaware / Spa & Massage Center / Skin Care Clinic
    • D.P. Dough / Restaurant

    Property Details for 257 Main St

    Lot size
    1.51 lot acres
    Zone code
    18BC
    Property type
    Commercial land
    APN
    18-021.00-180
    APU
    1802100180

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7428
    Latitude
    39.6827
    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
    $3,153
    $86,900
    $0.00
    $86,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.35 Acres

      30 Chapel St

      VACANT COMMERCIAL LAND • 1.35 Acres
      30 Chapel St, Newark, DE 19711-4627
      View Details
    • Value Estimation by Request
      0.83 Acres

      118 Ruthar Dr

      VACANT COMMERCIAL LAND • 0.83 Acres
      118 Ruthar Dr, Newark, DE 19711-8026
      View Details
    • Value Estimation by Request
      6.51 Acres

      Uppr Pike Crk Rd

      VACANT COMMERCIAL LAND • 6.51 Acres
      Uppr Pike Crk Rd, Newark, DE 19711
      View Details
    • Value Estimation by Request
      2.43 Acres

      Ofc Julie Ln Ln

      VACANT COMMERCIAL LAND • 2.43 Acres
      Ofc Julie Ln Ln, Newark, DE 19711
      View Details
    • Value Estimation by Request
      0.51 Acres

      1121 Capitol Trl

      VACANT COMMERCIAL LAND • 0.51 Acres
      1121 Capitol Trl, Newark, DE 19711-3921
      View Details
    • Value Estimation by Request
      0.27 Acres

      Ofc Main St St

      VACANT COMMERCIAL LAND • 0.27 Acres
      Ofc Main St St, Newark, DE 19711
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Acres in Newark, DE

      2.75 acres of commercial land for sale in Newark.
      1033 Barksdale Rd, Newark, DE 19711
      View Details
    • $1,000,000

      Commercial Land Near Kirkwood Highway

      Land with commercial potential near Kirkwood Highway and Harmony Road.
      1905 Capitol Trl, Newark, DE 19711
      View Details
    • $450,000

      Capitol Trail Land Opportunity

      0.48-acre commercial land for sale on Capitol Trail.
      1620 Capitol Trl, Newark, DE 19711
      View Details
    • $450,000

      Capitol Trail Commercial Development Land

      0.48-acre commercial land with high visibility on Capitol Trail.
      Newark, DE 19711
      View Details
    • Contact for pricing
      2 SF

      Prime Corner Pad Site Opportunity

      Highly visible corner pad site near University of Delaware.
      400-410 Ogletown Rd, Newark, DE 19711
      View Details
    • Contact for pricing
      90,000 SF

      Approved Plans for Office Building

      5.9 acres with approved plans for 90,000 SF office.
      150 Red Mill Rd, Newark, DE 19711
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land Near I-95

      Commercial land for rent near I-95 and downtown Newark.
      1024 Elkton Rd, Newark, DE 19711
      View Details
    • Contact for pricing

      Mixed-Use Development Land For Rent

      Land for rent in a mixed-use development near University.
      100-1000 Suburban Dr, Newark, DE 19711
      View Details
    • Contact for pricing

      Commercial Land Near I-95

      Commercial land available for rent near I-95 and downtown.
      1036 Elkton Rd, Newark, DE 19711
      View Details
    • Contact for pricing
      3,400 SF

      Astro Shopping Center Retail Space

      Prime Retail Space - 3,400 SF Available
      0 Astro Shopping Ctr, Newark, DE 19711
      View Details
    • Contact for pricing

      Prime Pad Site Opportunity

      Pad site for lease in a densely populated Newark area.
      Astro Shopping Ctr, Newark, DE 19711
      View Details
    • Contact for pricing
      6,500 SF

      Retail Space Near University Campus

      Retail space previously occupied by University of Delaware program.
      1 S Main St, Newark, DE 19711
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    257 Main St
    Newark, DE 19711-7382
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!