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Property profile & analytics
OFF-MARKET
Estimated value
$2,980,000
Warehouses
401 Bellevue Rd Newark, DE 19713-3431
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US17-0152544
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2021
Construction
CONCRETE
Total area
26,870 SF
Lot
2.32 ac (101,059 SF)
Zoning code
18MI
APN
18-047.00-007
UPID
US17-0152544
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
-
SmartStop Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.80M
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$2.98M
Owner & transaction history
Sst Vi 401 Bellevue Rd LLC · 4 yrs held
Sst Vi 401 Bellevue Rd LLC
since 2022
7 recorded transactions
Zoning & alternative use
18MI · Newark, DE
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 Newark submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newark 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%
$4,115,000
6.5%
$3,800,000
7%
$3,525,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,690,000
Current use
Blend value · Realmo final
$2.98M
Range $2.68M – $3.28M · ±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
$111 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$83,350
Tax year 2024
Assessed value
$2,297,000
Assessed 2024
Previous assessed
$2,297,000
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed land
$116,000
Assessed improvement
$2,181,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
4
Total area
26,870 SF
Lot
2.32 ac (101,059 SF)
Zoning code
18MI
APN
18-047.00-007
UPID
US17-0152544
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
18MI · Newark, DEZoning 18MI · permitted uses
18MI · Newark, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
BILL NO
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.7M
WAREHOUSE, STORAGE 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
2021
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
4
Lot
2.32 ac
Current owner
From public records · entity-resolved
Sst Vi 401 Bellevue Rd LLC
Entity
Mailing address
10 TER RD, LADERA RANCH, CA 92694-1182
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
—
Sst Voi 401 Belle Vue Rd LLC
—
Deed
related
$25,000,000 · The Huntington National Bank
May 11, 2022
—
Sst Vi 401 Bellevue Rd LLC
Safstor Bellevue LLC
Deed
$30,608,850 · The Huntington National Bank
Jun 12, 2020
$1,850,000
Safstor Bellevue LLC
Eastern Dev LLC
Grant Deed
$8,900,000 · Centre 1st Bank
Sep 4, 2018
—
Eastern Development LLC
—
Deed
related
$2,900,000 · Wilmington Savings Fund Society Fsb
Jan 12, 2016
—
Eastern Dev LLC
Eastern Dev
Quit Claim Deed
related
—
Sep 28, 2004
$1,030,000
Dev Eastern
Waymet INC
Grant Deed
$1,030,000 · Wilmington Savings Fund Societ
—
—
Dev Eastern
—
Deed Of Trust
related
$1,183,066 · Wilmington Savings Fund Societ
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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