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Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Retail space
3056 New Castle Ave, New Castle, DE 19720-2248
Entity Owned
8-yr Hold
Free & Clear
Property ID
US17-0139007
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2018
Construction
STONE
Total area
7,692 SF
Lot
0.98 ac (42,689 SF)
Zoning code
CR
APN
10-010.20-523
UPID
US17-0139007
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
-
Dollar General Grocery & Convenience Store Food Market
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.16M
Owner & transaction history
Bcb Properties LLC · 8 yrs held
Bcb Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
CR · New Castle, 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 New Castle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Castle 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%
$1,240,000
6.5%
$1,145,000
7%
$1,065,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,760,000
Current use
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±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
$151 / 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
Assessed value
$267,600
Assessed 2023
Previous assessed
$267,600
+0.0% YoY
Assessed land
$34,300
Assessed improvement
$233,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2018
Construction
STONE
Heating
YES
Cooling
YES
Stories
1
Total area
7,692 SF
Lot
0.98 ac (42,689 SF)
Zoning code
CR
APN
10-010.20-523
UPID
US17-0139007
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
CR · New Castle, DE
Zoning CR · permitted uses
CR · New Castle, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Castle. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.8M
RETAIL STORES 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
2018
Construction
STONE
Heating
YES
Cooling
Yes
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Bcb Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
602 PEAR ST, DOVER, DE 19904-2832
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2018
—
Bcb Properties LLC
—
Deed
related
$975,000 · Wilmington Savings Fund Society Fsb
May 18, 2018
$2,105,000
Bcb Properties LLC
New Castle Dg LLC
Grant Deed
—
Mar 6, 2018
—
New Castle Dg LLC
Wilmington Svg Fund Societyfsb
Grant Deed
—
Oct 25, 2016
—
Joyce D Regester
—
Deed
related
$250,000 · Wilmington Tr
May 2, 2016
—
New Castle Dg LLC
New Castle Dg LLC
Quit Claim Deed
related
—
Mar 16, 2016
$250,000
Cloister New Castle Dg LLC
Wilmington Svgs Fund Society
Grant Deed
—
May 12, 2015
—
Wilmington Svg Fund Societyfsb
Lffg LLC
Grant Deed
—
Jul 24, 2008
$300,000
Lffg LLC
Fm Auto Wash LLC
Deed
$297,000 · Wilmington Savings Fund Society Fsb
—
—
Joyce D Regester
—
Loan Modification
related
$250,000 · Wilmington Tr
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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