Entity Owned Property summary
This exceptional three-story medical office building, situated at 324 E Main St in Newark, Delaware, presents a compelling investment opportunity. Boasting 15,200 square feet, the property is currently anchored by a long-term tenant, the Newark Emergency Center. The building, constructed in 1983, sits on a 0.77-acre lot and offers 49 parking spaces, ensuring ample convenience for both staff and patients. The building's zoning is designated as BB, providing flexibility for future development.… The asking price is $2,300,000, translating to $151.32 per square foot. The strategic location on Main Street in Newark, Delaware, offers excellent visibility and accessibility, benefiting from its proximity to the University of Delaware. The property's configuration presents a unique opportunity for a medical professional seeking to establish or expand their practice by occupying some of the upper-floor suites. Additionally, the building's layout presents the potential for partial conversion to residential apartments on the second floor, subject to necessary approvals and permits. This property offers a blend of established income and significant upside potential, making it an attractive investment in a thriving Delaware community.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
3 recorded sales · 16 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 6,000 SF
- Lot area
- 0.77 ac
- Year built
- 1984
- Stories
- 2
- APN
- 18-021.00-010
- Zoning
- 18BB
- Assessed value · 2023
- $884,400
- Annual tax · 2023
- $32,092
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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