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Property profile & analytics
FOR LEASE
Office Spaces
500 Creek View Rd Newark, DE 19711
Entity Owned
3-yr Hold
Free & Clear
Property ID
US17-0264339
For Lease
1 / 2
$4,460,000
500 Creek View Rd, Newark, DE 19711
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1900
Construction
CONCRETE
Total area
22,125 SF
Lot
9.8 ac (426,888 SF)
Zoning code
18RA
APN
18-014.00-229
UPID
US17-0264339
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
-
Franklin & Prokopik Law Firm
-
Wcma the Commonwealth Group Bank Loan Service
-
Embracing Self Counseling & Consultation Crisis Center Medical Clinic
-
WSFS ATM Atm
-
Linda E. Santoro, RN Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.79M
CAP Approach
CAP
$3.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.46M
Owner & transaction history
Creek View Road Associates LLC · 3 yrs held
Creek View Road Associates LLC
since 2022
Last sale
$4.2M
5 recorded transactions
Zoning & alternative use
18RA · 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
Method
Estimation
Statistic approach
$4,645,000
ML approach
$4,785,000
CAP Approach
CAP Return
Estimation
6%
$3,760,000
6.5%
$3,470,000
7%
$3,220,000
Blend value · Realmo final
$4.46M
Range $4.01M – $4.91M · ±10% · vs last sale $4.20M (Sep 15 2022)
Last sale anchor
$4.20M
Sep 15 2022
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
$202 / 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
$138,274
Tax year 2023
Assessed value
$3,810,600
Assessed 2023
Previous assessed
$3,810,600
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed land
$150,200
Assessed improvement
$3,660,400
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
For Lease
Year built
1900
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
5
Total area
22,125 SF
Lot
9.8 ac (426,888 SF)
Zoning code
18RA
APN
18-014.00-229
UPID
US17-0264339
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
18RA · Newark, DE
Zoning 18RA · permitted uses
18RA · 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
1900
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
5
Lot
9.8 ac
Current owner
From public records · entity-resolved
Creek View Road Associates LLC
Entity
Free & Clear · 3 yrs held
Mailing address
100 DEAN DR, NEWARK, DE 19711-8545
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2025
—
Creek View Road Associates LLC
—
Deed
related
$19,700,000 · Fulton Bank NA
Sep 19, 2022
—
Creek View Road Associates LLC
—
Deed
related
$28,000,000 · Fulton Bank NA
Sep 15, 2022
—
Creek View Road Associates LLC
Creek View Road Associates LLC
Intrafamily Transfer
related
—
Nov 9, 2016
—
Creek View Road Associates LLC
—
Grant Deed
related
$7,000,000 · Wells Fargo Bk
Mar 10, 2014
$4,200,000
Creek View Road Associates LLC
U S Bank NA
Special Warranty Deed
$130,000 · Wilmington Savings Fund Society Fsb
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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