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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Showrooms
3249 Wilmington Rd New Castle, PA 16105-1158
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US73-3429946
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Total area
4,987 SF
Lot
3.46 ac (150,718 SF)
Zoning code
C2
APN
25-204900
UPID
US73-3429946
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
-
Honda Parts Auto Parts Store
-
Preston Honda Car Dealership
-
Preston Honda Service Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$795k
Comparable Approach
Comparable
$572k
Blend (final)
Blend
$685k
Owner & transaction history
Preston New Castle Realty · 18 yrs held
Preston New Castle Realty
since 2008
6 recorded transactions
Zoning & alternative use
C2 · New Castle, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+186.9%
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%
$860,000
6.5%
$795,000
7%
$735,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,080,000
Change: +187% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$137 / 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
$32,677
Tax year 2023
Assessed value
$1,084,200
Assessed 2024
Previous assessed
$1,084,200
+0.0% YoY
Effective rate
3.01%
On assessed value
Assessed land
$608,500
Assessed improvement
$475,700
Land market value
$608,500
Improvement market value
$475,700
Total market value
$1,084,200
Applied tax rate
25.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Heating
NONE
Buildings
3
Stories
1
Total area
4,987 SF
Lot
3.46 ac (150,718 SF)
Zoning code
C2
APN
25-204900
UPID
US73-3429946
Jurisdiction
LAWRENCE
Zoning & alternative use
C2 · New Castle, PA
Zoning C2 · permitted uses
C2 · New Castle, PA
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
OFFICE BUILDING
Est. value
$1.1M
OFFICE BUILDING
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
Heating
NONE
Stories
1
Buildings
3
Lot
3.46 ac
Current owner
From public records · entity-resolved
Preston New Castle Realty
Entity
Mailing address
1500 WILMINGTON RD, NEW CASTLE, PA 16105-2052
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2022
—
Preston New Castle Realty LP
—
Deed
related
$2,000,000 · M & T Bank
Nov 14, 2018
—
Preston New Castle Realty LP
—
Deed
related
$2,100,000 · First Cmnwlt Bk
Jan 8, 2008
$900,000
Preston New Castle Realty
King,michael M & Beatrice M
Grant Deed
related
—
—
—
Preston New Castle Realty LP
—
Loan Modification
related
$2,100,000 · First Cmnwlt Bk
—
—
Preston New Castle Rlty
—
Deed Of Trust
related
$2,250,000 · American Honda Finance Corp
—
—
Preston New Castle Realty LP
—
Deed Of Trust
related
$1,500,000 · First Cmnwlt Bk
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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