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Property profile & analytics
OFF-MARKET
Estimated value
$5,080,000
Warehouses
30 Executive Dr Newark, DE 19702-3370
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US17-0333011
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2020
Construction
CONCRETE
Total area
48,800 SF
Lot
14.74 ac (642,074 SF)
Zoning code
BP
APN
11-017.00-047
UPID
US17-0333011
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
-
St Francis Life Daycare Center
-
Saint Francis Life Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.85M
Comparable Approach
Comparable
$3.71M
Blend (final)
Blend
$5.08M
Owner & transaction history
College Avenue LLC · 6 yrs held
College Avenue LLC
since 2020
6 recorded transactions
Zoning & alternative use
BP · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,335,000
6.5%
$5,850,000
7%
$5,430,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,705,000
Current use
Blend value · Realmo final
$5.08M
Range $4.57M – $5.59M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$104 / SF
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 2024Property tax & assessments
Tax year 2024
Assessed value
$2,625,700
Assessed 2024
Previous assessed
$2,625,700
+0.0% YoY
Assessed land
$515,900
Assessed improvement
$2,109,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2020
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
1
Total area
48,800 SF
Lot
14.74 ac (642,074 SF)
Zoning code
BP
APN
11-017.00-047
UPID
US17-0333011
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
BP · Newark, DE
Zoning BP · permitted uses
BP · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.7M
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
14.74 ac
Current owner
From public records · entity-resolved
College Avenue LLC
Entity
Free & Clear · 6 yrs held
Mailing address
104 BENTLEY LN, WILMINGTON, DE 19807-1756
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Jan 7, 2020
—
College Avenue LLC
Anatolian Prop Mgmt LLC
Correction Deed
related
—
Nov 13, 2019
—
College Avenue LLC
—
Deed
related
$97,848 · Wilmington Savings Fund Society Fsb
Aug 12, 2019
—
College Avenue LLC
—
Grant Deed
related
$5,317,500 · Wilmington Svgs Fund Society F
Apr 5, 2018
—
College Avenue LLC
Anatolian Property Management LLC
Deed
$1,100,000 · Wilmington Savings Fund Society Fsb
May 12, 2016
—
Anatolian Property Management LLC
Baffone Investors
Deed
$513,500 · Wilmington Savings Fund Society Fsb
Jul 1, 2011
—
Baffone Investors
—
Deed Of Trust
related
$2,500,000 · Aleseo J JR & Nancy Baffone
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.
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