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    Property profile & analytics

    3031 New Castle Ave New Castle, DE 19720-2215

    • Bowling alleys
    • 66,431 SF
    • 6.99 lot acres
    OFF-MARKET
    Value Estimation
    $1,050,000
    Location Intelligence
    Property ID
    US17-0316712
    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

    • KidZone Arcades and Party Rooms / Amusement Center
    • Bowlerama / Bowling Alley / Corporate Entertainment Service
    • Dunkin' / Breakfast Restaurant / Donut Shop
    • Double Up Pro Shop / Sporting Goods Store
    • Keglers / Bar

    Property Details for 3031 New Castle Ave

    Year built
    1959
    Construction
    CONCRETE
    Lot size
    6.99 lot acres
    Property size
    66,431 SF
    Zone code
    CR
    Property type
    Bowling alleys
    APN
    10-010.40-029
    APU
    1001040029

    Description

    This exceptional 67,723-square-foot retail property, located at 3031 New Castle Avenue in New Castle, Delaware (zip code 19720), presents a unique investment opportunity. Built in 1959 and situated on a substantial 6.99-acre lot, the property currently operates as a thriving family entertainment center featuring 62 bowling lanes, a sports bar, restaurant, arcade, Dunkin' Donuts, and a Hershey's Ice Cream Parlor. The CR zoning allows for a multitude of uses, including retail, warehouse, healthcare, municipal, or educational facilities. The expansive parking area offers ample space for customers and employees, with the potential to develop at least one outparcel pad. Its strategic location near the I-295 interchange provides convenient access to a high volume of traffic, exceeding 100,000 vehicles per day, making it ideal for retail, food service, and warehouse distribution businesses. The asking price for this significant property is $6,000,000. This presents a rare chance to acquire a well-established business or to redevelop a prime piece of real estate in a high-traffic location. The property's size and zoning flexibility offer considerable upside potential for a savvy investor.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,015,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,400,000
      6.5%
      $1,175,000
      7%
      $1,265,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,260,000
      Geo Method
      $1,315,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,360,000
      Retail
      $1,050,000
      Mixed-Use
      $1,150,000
      Hospitality
      $1,295,000
      Educational
      $1,145,000
      Residential Income
      $1,020,000
      Energy
      $1,070,000
      Income-Based Land
      $1,315,000
      Food Service
      $1,035,000

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5529
    Latitude
    39.7022
    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
    $43,625
    $454,400
    $969,600
    $1,424,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    Similar Nearby for Lease

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    3031 New Castle Ave
    New Castle, DE 19720-2215
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    Realmo Value Estimation

    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.

    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.

    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
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