Property profile

50 Southgate Blvd New Castle, DE 19720

OFF-MARKET
Office Spaces
Property ID
US17-0214320
872 SF 1.09 ac lot Built 1987
Entity Owned 15-yr Hold Free & Clear
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Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1987
Construction CONCRETE
Total area 872 SF
Lot 1.09 ac (47,480 SF)
Zoning code I
APN 10-014.00-051
UPID US17-0214320

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

50 Southgate Blvd New Castle, DE 19720-2068
New Castle metro Census 16000 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2011
1 recorded transaction
2011
Price N/A

Zoning & alternative use

I · New Castle, DE
Zoning description

may be utilized in a manner consistent with their prior Industrial (I) or Service Commercial (SC) zoning classification. No new structures shall be erected, and no existing structures expanded, except for uses permitted…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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