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Property profile & analytics
OFF-MARKET
Office Spaces
469 Old Airport Rd, New Castle, DE 19720-1001
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US17-0008876
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1950
Construction
CONCRETE
Total area
864 SF
Lot
0.96 ac (41,818 SF)
Zoning code
HI
APN
10-008.00-009
UPID
US17-0008876
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
-
Swift Recycling and Demolition Recycling Center Waste Management Facility
-
Delaware Auto Salvage Waste Management Facility Recycling Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
J & R Properties LLC · 17 yrs held
J & R Properties LLC
since 2008
6 recorded transactions
Zoning & alternative use
HI · New Castle, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$65,700
Assessed 2023
Previous assessed
$65,700
+0.0% YoY
Assessed land
$28,800
Assessed improvement
$36,900
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1950
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Total area
864 SF
Lot
0.96 ac (41,818 SF)
Zoning code
HI
APN
10-008.00-009
UPID
US17-0008876
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
HI · New Castle, DE
Zoning HI · permitted uses
HI · New Castle, DE
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.
Building & site characteristics
From public records
Year built
1950
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
0.96 ac
Current owner
From public records · entity-resolved
J & R Properties LLC
Entity
Mailing address
4 STAR PT #204, STAMFORD, CT 06902-8927
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Aug 9, 2022
—
415 Old Airport LLC
—
Deed
related
$10,000,000 · Axos Bank
Dec 31, 2008
—
J & R Properties LLC
Swift Towing & Recovery INC
Deed
$195,000 · Midcoast Community Bank
May 10, 2007
$200,000
Swift Towing & Recovery INC
Ashby Properties LLC
Grant Deed
$200,000 · Shallcross Mortgage Co
Jan 22, 2004
$10
Ashby Properties LLC
Carver,lawrence R JR & Nancy M
Grant Deed
related
$350,000 · Wilmington Savings Fund Societ
—
—
Ashby Properties LLC
—
Deed Of Trust
related
$246,800 · Delaware Economic Dev Authority
—
—
Ashby Properties LLC
—
Deed Of Trust
related
$246,800 · Delaware Economic Dev Authority
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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