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Property profile & analytics
OFF-MARKET
Retail space
276 Main St, Newark, DE 19711-7322
Entity Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US17-0223870
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Construction
CONCRETE
Total area
2,816 SF
Lot
2.88 ac (125,453 SF)
Zoning code
18BC
APN
18-021.00-018
UPID
US17-0223870
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Catchy Noize Productions Recording Studio
-
DS Radio Radio Station Telecommunications Service
-
Wang's Oriental Food Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store
-
Steel Model & Talent Agency Employment Agency
-
JF Hair Studio ( JF 发型工作室） Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Newark Dev Group LLC · 21 yrs held
Newark Dev Group LLC
since 2005
6 recorded transactions
Zoning & alternative use
18BC · Newark, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Newark submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newark submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$1,683,300
Assessed 2023
Previous assessed
$1,683,300
+0.0% YoY
Assessed land
$272,200
Assessed improvement
$1,411,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2009
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
8
Stories
1
Total area
2,816 SF
Lot
2.88 ac (125,453 SF)
Zoning code
18BC
APN
18-021.00-018
UPID
US17-0223870
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
18BC · Newark, DE
Zoning 18BC · permitted uses
18BC · Newark, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newark. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2009
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
8
Lot
2.88 ac
Current owner
From public records · entity-resolved
Newark Dev Group LLC
Entity
Free & Clear · 21 yrs held
Mailing address
104 PADDOCK DR, NEWARK, DE 19711-8307
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2005
$3,436,500
Newark Dev Group LLC
Market East Investments LLC
Grant Deed
—
—
—
Reid N Rowlands
—
Deed Of Trust
related
$1,400 · Newark City
—
—
Newark Dev Group LLC
—
Deed Of Trust
related
$282,000 · M & T Bank
—
—
Newark Dev Group LLC
—
Deed Of Trust
related
$3,734,005 · M&t Bk
—
—
Reid N Rowlands
—
Deed Of Trust
related
$1,290 · Newark City
—
—
Reid N Rowlands
—
Deed Of Trust
related
$1,600 · Newark City
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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