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Property profile & analytics
OFF-MARKET
Estimated value
$17,085,000
Gas stations
300 Cleveland Ave, Newark, DE 19711-3713
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US17-0242367
Property profile
Verified
Property type
Gas stations
Use group
GAS STATION
Year built
1990
Construction
CONCRETE
Total area
27,122 SF
Lot
9.53 ac (415,127 SF)
Zoning code
18OFD
APN
18-015.00-002
UPID
US17-0242367
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
-
Electric Vehicle Charging Station Electric Vehicle Charging Station
-
Hertrich Collision Center of Newark Auto Repair Shop
-
Nissan Charging Station Electric Vehicle Charging Station
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
Hertrich Properties Xli LLC · 3 yrs held
Hertrich Properties Xli LLC
since 2022
Last sale
$16.5M
5 recorded transactions
Zoning & alternative use
18OFD · 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
$18,255,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$17.09M
Range $15.38M – $18.79M · ±10% · vs last sale $16.50M (Nov 9 2022)
Last sale anchor
$16.50M
Nov 9 2022
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
$630 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$67,312
Tax year 2023
Assessed value
$1,855,000
Assessed 2023
Previous assessed
$1,855,000
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed land
$498,200
Assessed improvement
$1,356,800
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
Gas stations
Use group
GAS STATION
Status
Off-Market
Year built
1990
Construction
CONCRETE
Heating
YES
Buildings
2
Stories
1
Total area
27,122 SF
Lot
9.53 ac (415,127 SF)
Zoning code
18OFD
APN
18-015.00-002
UPID
US17-0242367
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
18OFD · Newark, DE
Zoning 18OFD · permitted uses
18OFD · 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
1990
Construction
CONCRETE
Heating
YES
Stories
1
Buildings
2
Lot
9.53 ac
Current owner
From public records · entity-resolved
Hertrich Properties Xli LLC
Entity
Mailing address
1427 BAY RD, MILFORD, DE 19963-6129
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2022
$16,500,000
Hertrich Properties Xli LLC
Rcp Properties LLC
Deed
$12,960,000 · M & T Bank
May 24, 2016
—
Rcp Properties LLC
—
Deed
related
$8,875,000 · M & T Bank
Jul 11, 2008
—
Rcp Properties LLC
Hynansky,john
Grant Deed
related
—
Feb 6, 2008
$13,750,000
Rcp Properties LLC
John Hynansky
Deed
$2,630,000 · Wilmington Trust Co
Jan 23, 2008
—
John Hynansky
Hynansky,deanna
Quit Claim Deed
related
—
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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