New search
Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Office Spaces
50 Mccullough Dr, New Castle, DE 19720-2066
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US17-0495208
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1992
Construction
CONCRETE
Total area
8,015 SF
Lot
1.78 ac (77,537 SF)
Zoning code
I
APN
10-015.00-017
UPID
US17-0495208
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
-
Cues Mid-Atlantic Sanitary Inspection
-
CUES Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
Best 101 LLC · 4 yrs held
Best 101 LLC
since 2022
7 recorded transactions
Zoning & alternative use
I · 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
$106 / 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
$8,991
Tax year 2023
Assessed value
$293,500
Assessed 2023
Previous assessed
$293,500
+0.0% YoY
Effective rate
3.06%
On assessed value
Assessed land
$78,300
Assessed improvement
$215,200
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
1992
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
1
Total area
8,015 SF
Lot
1.78 ac (77,537 SF)
Zoning code
I
APN
10-015.00-017
UPID
US17-0495208
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
I · New Castle, DE
Zoning I · permitted uses
I · 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
1992
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
1.78 ac
Current owner
From public records · entity-resolved
Best 101 LLC
Entity
Mailing address
86 SAWIN LN, HOCKESSIN, DE 19707-9140
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2022
—
Best 101 LLC
Somccuflough Associates LLC
Deed
$840,000 · Asian Bank
Nov 6, 2019
—
50 Mccullough Associates LLC
—
Deed
related
$689,358 · M&t Bk
Oct 14, 2008
—
50 Mccullough Associates LLC
Marlex Pharmaceuticals INC
Grant Deed
—
Nov 9, 2007
—
50 Mccullough Asociates LLC
Owner,record
Grant Deed
—
Aug 6, 2007
$1,245,000
50 Mccullough Drive LLC
Marlex Pharmaceuticals INC
Deed
$1,128,000 · Sun National Bank
Jul 27, 2007
$10
Amrish R Patel
Shree Properties LLC
Grant Deed
—
—
—
50 Mccullough Associates LLC
—
Loan Modification
related
$689,358 · M&t Bk
—
—
Shree Properties LLC
—
Deed Of Trust
related
$375,741 · Wilmington Trust Co
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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