The property is a two-story office building sited on 12.67 acres of commercial land, totaling approximately 30,000 square feet of interior space. The building includes a full floor below grade in addition to the main office levels, providing supplementary usable interior area within the existing structure. It is located on Kirkwood Highway (Route 2) in a corridor between Wilmington and Newark, within a dense residential and retail area with nearby shopping centers, schools, and a mix of national and local businesses.

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?

$27k

Tax billed · 2023

Assessed value$824k

Assessed land$183k

Assessed improvement$641k

Effective rate3.30%

Value estimate

· Oct 2026

$525k

$473k – $578k

AI approach$525k

CAP approach$395k

Submarket $/SF estimate$746k

Realmo valuation models over county records and 12 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 comparables12

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

JurisdictionNEW CASTLE

Location intelligence

Which uses thrive at this corner?

Best fit: Law Firm

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Law Firm28.2

Auto Repair Shop20.0

Building Supply16.5

2701 Capitol Trl Newark, DE 19711-6810

County assessor Recorded deeds · 3 transfers 12 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 · 16 properties nearby

Address Sale price Sold Size

1000 Millstone, Newark, DE 19711 $46,800 Jan 2025 2,520 SF

1536 Capitol, Newark, DE 19711-5716 $485,000 Aug 2024 2,685 SF

29 Meadowood, Newark, DE 19711-7202 $165,000 Jan 2021 962 SF

532 Old Barksdale, Newark, DE 19711 $1,300,000 Dec 2020 1,695 SF

314 Main, Newark, DE 19711-7128 $180,000 Jan 2020 1,248 SF

1098 Elkton, Newark, DE 19711-3507 $30,800 Mar 2019 6,169 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

Value Estimation
$340,000

2,520 SF

1000 Millstone Dr

OFFICE (GENERAL)

1000 Millstone Dr, Newark, DE 19711

View Details
Value Estimation
$465,000

2,268 SF

200 Tyre Ave

OFFICE (GENERAL)

200 Tyre Ave, Newark, DE 19711-7136

View Details
Value Estimation
$470,000

2,124 SF

47 Kent Way

DENTAL BUILDING

47 Kent Way, Newark, DE 19711-5201

View Details
Value Estimation
$475,000

3,080 SF

2100 Drummond Plz

OFFICE (GENERAL)

2100 Drummond Plz, Newark, DE 19711-5743

View Details
Value Estimation
$425,000

1,959 SF

313 Main St

OFFICE (GENERAL)

313 Main St, Newark, DE 19711-7152

View Details
Value Estimation
$595,000

4,126 SF

62 Chapel St

OFFICE (GENERAL)

62 Chapel St, Newark, DE 19711-2238

View Details

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