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Property profile & analytics
OFF-MARKET
Estimated value
$7,915,000
Warehouses
405 Pencader Dr, Newark, DE 19702-3341
Entity Owned
~
Est. High Equity
Property ID
US17-0488818
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
CONCRETE
Total area
125,726 SF
Lot
11.18 ac (487,001 SF)
Zoning code
BP
APN
11-021.00-023
UPID
US17-0488818
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
-
Aearo Warehouse & Storage
-
E A R Speciality Shipping Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.92M
Owner & transaction history
Gki II Philadelphia LLC
Gki II Philadelphia LLC
since 2025
7 recorded transactions
Zoning & alternative use
BP · Newark, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$63 / 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
$112,257
Tax year 2024
Assessed value
$2,636,300
Assessed 2024
Previous assessed
$2,636,300
+0.0% YoY
Effective rate
4.26%
On assessed value
Assessed land
$391,300
Assessed improvement
$2,245,000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Construction
CONCRETE
Heating
YES
Stories
1
Total area
125,726 SF
Lot
11.18 ac (487,001 SF)
Zoning code
BP
APN
11-021.00-023
UPID
US17-0488818
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
BP · Newark, DE
Zoning BP · permitted uses
BP · Newark, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newark. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
CONCRETE
Heating
YES
Stories
1
Lot
11.18 ac
Current owner
From public records · entity-resolved
Gki II Philadelphia LLC
Entity
Mailing address
13727 PO BOX 2980TH RD STE #750, CHICAGO, IL 60690-2980
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2025
—
Gki II Philadelphia LLC
Colfin 2017 8 Industrial Owner LLC
Deed
$87,200,000 · Ocbc Bank
Feb 11, 2022
—
Colfin 2017 8 Industrial Owner LLC
—
Deed
related
$263,000,000 · Citi Real Estate Funding INC
Dec 16, 2019
—
Colfin 2017-8 Indl Owner LLC
—
Grant Deed
related
—
Jul 19, 2017
$6,500,000
Colfin 2017-8 Indl Owner LLC
Realty Associates Fund X LP
Grant Deed
—
Jul 16, 2014
—
Realty Associates Fund X LP
Trt-dct Pencader LLC
Grant Deed
—
Dec 6, 2006
$7,550,000
Trt-dct Pencader LLC
Mid-atlantic Industrial LLC
Grant Deed
—
Jul 8, 2005
$6,685,000
Mid-atlantic Pencader Indl LLC
Gateway Brentwood INC
Grant Deed
—
—
—
Trt-dct Pencader LLC
—
Deed Of Trust
related
$85,000,000 · Column Financial INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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