Property profile

285 Cleveland Ave Newark, DE 19711

OFF-MARKET
Auto shops
Property ID
US17-0286617
2,800 SF 0.31 ac lot Built 1967
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1967
Construction CONCRETE
Total area 2,800 SF
Lot 0.31 ac (13,504 SF)
Zoning code 18BC
APN 18-015.00-008
UPID US17-0286617

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

285 Cleveland Ave Newark, DE 19711
Newark metro Census 14501 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$17.09M

Owner & transaction history

since 2022
Last sale
$16.5M
5 recorded transactions
2022
$16.5M
2016
Price N/A
2008
Price N/A
2008
$13.8M
2008
Price N/A

Zoning & alternative use

18BC · Newark, DE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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