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Property profile & analytics
OFF-MARKET
Estimated value
$305,000
Medical Office Space
301 Chapel St Newark, DE 19711-5307
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US17-0212700
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1945
Construction
CONCRETE
Total area
900 SF
Lot
0.17 ac (7,405 SF)
Zoning code
18BL
APN
18-033.00-001
UPID
US17-0212700
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
-
Kayatta Jerome C DDS Dental Office
-
Chapel Street Dentistry: Dr. Avdhesh Patel Dental Office
-
Dr. Kayatta's Office Dental Office
-
Newark, DE Dentist | Dentist in Newark, DE | Elkton, MD Dental Insurance Accepted | Middletown, DE Cosmetic Dentist Dental Office
-
Dental Associates Of Delaware-Pediatric Office Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$305k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$305k
Owner & transaction history
301 Chapel LLC · 2 yrs held
301 Chapel LLC
since 2024
5 recorded transactions
Zoning & alternative use
18BL · Newark, DE
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
$305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$305k
Range $275k – $336k · ±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
$339 / 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
$2,773
Tax year 2023
Assessed value
$94,000
Assessed 2023
Previous assessed
$94,000
+0.0% YoY
Effective rate
2.95%
On assessed value
Assessed land
$14,800
Assessed improvement
$79,200
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1945
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
900 SF
Lot
0.17 ac (7,405 SF)
Zoning code
18BL
APN
18-033.00-001
UPID
US17-0212700
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
18BL · Newark, DEZoning 18BL · permitted uses
18BL · Newark, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
BILL NO
Building & site characteristics
From public records
Year built
1945
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
301 Chapel LLC
Entity
Mailing address
301 S CHAPEL ST, NEWARK, DE 19711-5307
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Apr 2, 2024
—
301 Chapel LLC
Chapel And Park Associates LLC
Deed
$496,000 · Bank Of America NA
Feb 9, 2022
—
Patricia Kvochak
Russell Perry Stewart
Deed
—
Nov 10, 2021
—
Denise Strenkowski
Aaron L Lloyd
Deed
—
Jun 28, 2019
—
Chapel And Park Associates LLC
Kayatta Enterprises LLC
Deed
$262,500 · Wilmington Savings Fund Society Fsb
Dec 29, 2003
—
Kayatta Ents LLC
Kayatta,jerome C & Mary G
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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