Realmo Analytics

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Financial
Distress signals
Property profile

260 Chapman Rd Newark, DE 19702

FOR LEASE
Office Spaces
Property ID
US17-0290154
15,608 SF 3.9 ac lot Built 1973
Last sale Aug 2015 · $15,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$119k
Tax billed · 2023
Assessed value$2.85M
Assessed land$425k
Assessed improvement$2.42M
Effective rate4.18%

Value estimate

· Oct 2026
$4.47M
$4.02M – $4.92M
Submarket $/SF estimate$4.22M
NOI build-up
Gross scheduled income$25k
Vacancy & credit loss−$5k
Operating expenses−$5k
NOI · 77,240.51% cap applied$15k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$384/SF
Submarket average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$189 – $669
Qualifying comparables8

Cap rate analysis

How does the asset earn?
77,240.51%
$15k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CR
JurisdictionNEW CASTLE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply27.2
Restaurant23.0
Dental Office20.8

Location

260 Chapman Rd Newark, DE 19702
County assessor Recorded deeds · 4 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
254 Chapman, Newark, DE 19702-5413 $2,400,000 Jan 2026 13,160 SF
850 Salem Church, Newark, DE 19702 $13,000 Jul 2025 2,280 SF
16 Main, Christiana, DE 19702-1530 $430,000 Apr 2022 2,512 SF
1003 Chapel, Newark, DE 19702-1357 $625,000 Sep 2021 3,282 SF
111 Pencader, Newark, DE 19702-3322 $5,865,000 Jul 2021 24,663 SF
101 Lk, Newark, DE 19702-3318 $4,500,000 May 2021 10,880 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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