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    Property profile & analytics

    374 Chestnut Hl Rd Newark, DE 19713-2759

    • Drive through restaurants
    • 3,715 SF
    • 1.28 lot acres
    OFF-MARKET
    Value Estimation
    $425,000
    Last Sale
    Apr 24, 2020
    Location Intelligence
    Property ID
    US17-0172430
    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

    • Dairy Queen / Fast Food Restaurant / Ice Cream Shop

    Property Details for 374 Chestnut Hl Rd

    Year built
    1988
    Construction
    CONCRETE
    Lot size
    1.28 lot acres
    Property size
    3,715 SF
    Zone code
    CR
    Property type
    Drive through restaurants
    APN
    11-002.40-380
    APU
    1100240380

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $575,000
      6.5%
      $535,000
      7%
      $570,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $520,000
      Geo Method
      $470,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $535,000
      Retail
      $560,000
      Mixed-Use
      $480,000
      Hospitality
      $520,000
      Educational
      $495,000
      Residential Income
      $620,000
      Energy
      $585,000
      Income-Based Land
      $615,000
      Food Service
      $575,000

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7263
    Latitude
    39.6635
    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
    $0.00
    $223,000
    $246,800
    $469,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $760,000
      2,333 SF

      80 Mcintosh Plz

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,333 SF
      80 Mcintosh Plz, Newark, DE 19713-3218
      View Details
    • Value Estimation by Request
      3,043 SF

      4136 Ogletown Stanton Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,043 SF
      4136 Ogletown Stanton Rd, Newark, DE 19713-4169
      View Details
    • Value Estimation
      $960,000
      4,531 SF

      4651 Ogletown Stanton Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,531 SF
      4651 Ogletown Stanton Rd, Newark, DE 19713-2006
      View Details
    • Value Estimation
      $415,000
      3,543 SF

      815 College Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,543 SF
      815 College Ave, Newark, DE 19713-4001
      View Details
    • Value Estimation
      $455,000
      3,835 SF

      1050 College Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,835 SF
      1050 College Ave, Newark, DE 19713-2306
      View Details
    • Value Estimation
      $325,000
      1,335 SF

      102 Marrows Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,335 SF
      102 Marrows Rd, Newark, DE 19713-3704
      View Details

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      Retail spaces available with excellent I-95 access and drive-thru.
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      Prime Retail Space, High Traffic Area
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      Retail space available in a busy Newark shopping center.
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      Retail Space in Newark

      Retail space available for lease in Newark, Delaware.
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      View Details
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    Newark, DE 19713-2759
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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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