Sign Up Successful!
You now have access to more from Realmo!
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

    2915 Newport Gap Pike Wilmington, DE 19808-2376

    • Specialty properties
    • 3,535 SF
    • 8.96 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US17-0296380
    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

    • Blindsight Delaware / Charitable Organization / Social Service Agency

    Property Details for 2915 Newport Gap Pike

    Year built
    1950
    Construction
    CONCRETE
    Lot size
    8.96 lot acres
    Property size
    3,535 SF
    Zone code
    OR
    Property type
    Specialty properties
    APN
    08-032.00-027
    APU
    803200027

    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
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.6489
    Latitude
    39.7509
    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
    $0.00
    $161,300
    $203,400
    $364,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,458 SF

      1403 Arundel Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,458 SF
      1403 Arundel Dr, Wilmington, DE 19808
      View Details
    • Value Estimation by Request
      4,544 SF

      3205 Limestone Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 4,544 SF
      3205 Limestone Rd, Wilmington, DE 19808-2107
      View Details
    • Value Estimation by Request
      1,980 SF

      310 Regis Fls Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,980 SF
      310 Regis Fls Ave, Wilmington, DE 19808
      View Details
    • Value Estimation by Request
      2,402 SF

      2920 Duncan Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,402 SF
      2920 Duncan Rd, Wilmington, DE 19808-2319
      View Details
    • Value Estimation by Request
      585 SF

      2700 Centerville Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 585 SF
      2700 Centerville Rd, Wilmington, DE 19808-1608
      View Details
    • Value Estimation
      $1,050,000
      7,042 SF

      3710 Kirkwood Hwy

      FUNERAL HOME • 7,042 SF
      3710 Kirkwood Hwy, Wilmington, DE 19808-5106
      View Details

    Similar Nearby for Sale

    • $1,099,000

      Arcadia Way Specialty Property

      Specialty property available for sale on Arcadia Way.
      430 Arcadia Way, Wilmington, DE 19808
      View Details
    • $595,000

      Wilmington Specialty Property For Sale

      Specialty property available for purchase in Wilmington, Delaware.
      5502 E Timberview Ct, Wilmington, DE 19808
      View Details
    • $425,000

      Wilmington Specialty Property For Sale

      Specialty property available for purchase in Wilmington, Delaware.
      12 Toby Ct, Wilmington, DE 19808
      View Details
    • $736,000

      Wilmington Specialty Property For Sale

      Specialty property available for purchase in Wilmington, Delaware.
      103 Ascension Dr, Wilmington, DE 19808
      View Details
    • $379,900

      Wilmington Specialty Property For Sale

      Specialty property available for purchase in Wilmington, Delaware.
      2816 W Oakland Dr, Wilmington, DE 19808
      View Details
    • $520,000

      Wilmington Specialty Property for Sale

      Specialty property available for purchase in Wilmington, Delaware.
      3206 Dunlap Dr, Wilmington, DE 19808
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      229,330 SF

      Pike Creek Retail Center: Wilmington, DE

      Prime Retail Space: Wilmington, DE. Multiple suites available.
      4700 Limestone Rd, Wilmington, DE 19808
      View Details
    • $276 SF/Yr
      105,931 SF

      Prime Wilmington Executive Office Space

      Class A Office, 8,104 SF Available
      4550 New Linden Hl Rd, Marshallton, DE 19808
      View Details
    • Contact for pricing
      26,332 SF

      Apollo Shopping Center: Wilmington Retail Space

      High-traffic Wilmington retail space available. Excellent visibility & parking.
      3613 Kirkwood Hwy, Wilmington, DE 19808
      View Details
    • Contact for pricing
      16,442 SF

      Wilmington Medical Office Space For Lease

      Delaware medical office building, 16,442 SF available.
      1941 Limestone Rd, Wilmington, DE 19808
      View Details
    • Contact for pricing
      12,000 SF

      Retail Space in Wilmington, DE

      12,000 sq ft retail space available for rent.
      4801 Limestone Rd, Wilmington, DE 19808
      View Details
    • Contact for pricing

      Land for Lease or Build-to-Suit

      Suburban land available for ground lease or build-to-suit.
      5400 Limestone Rd, Wilmington, DE 19808
      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.
    2915 Newport Gap Pike
    Wilmington, DE 19808-2376
    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.