Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    500 Creek View Rd Newark, DE 19711

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500 Creek View Rd Newark, DE 19711

    View on Map
    • Office properties & Spaces
    • 22,125 SF
    • 9.80 lot acres
    For Lease
    $4,460,000
    View Listing →
    Office Space Available For Rent For Lease
    $4,460,000
    5,086 SF

    Office Space Available For Rent

    Office space available for rent at 500 Creek View Rd.

    500 Creek View Rd, Newark, DE
    View Listing
    Property ID
    US17-0264339
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,460,000
    Cap Rate Potential
    4.9%
    Office properties & Spaces
    Location Intelligence

    Current Use by 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

    Property Details for 500 Creek View Rd

    Year built
    1900
    Construction
    CONCRETE
    Lot size
    9.80 lot acres
    Property size
    22,125 SF
    Zone code
    18RA
    Property type
    Office properties & Spaces
    APN
    18-014.00-229
    APU
    1801400229

    Value 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

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7433
    Latitude
    39.6896
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $138,274
    $150,200
    $3,660,400
    $3,810,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      16 Polly Drummond Shopping Ctr

      Office properties & Spaces
      16 Polly Drummond Shopping Ctr, Newark, DE 19711
      View Details
    • Value Estimation by Request
      420 SF

      314 Delaware Cir

      OFFICE (GENERAL) • 420 SF
      314 Delaware Cir, Newark, DE 19711-7134
      View Details
    • Value Estimation by Request
      420 SF

      315 Delaware Cir

      OFFICE (GENERAL) • 420 SF
      315 Delaware Cir, Newark, DE 19711-7131
      View Details
    • Value Estimation
      $5,450,000
      20,369 SF

      9 Innovation Way

      OFFICE (GENERAL) • 20,369 SF
      9 Innovation Way, Newark, DE 19711-5449
      View Details
    • Value Estimation
      $665,000
      5,634 SF

      201 Kells Ave

      OFFICE (GENERAL) • 5,634 SF
      201 Kells Ave, Newark, DE 19711
      View Details
    • Value Estimation by Request
      930 SF

      323 Main St

      OFFICE (GENERAL) • 930 SF
      323 Main St, Newark, DE 19711-7152
      View Details

    Similar Nearby for Sale

    • $799,000
      1,800 SF

      Prime Newark Office Building

      Stately stone office, high visibility, ample parking.
      112 Capitol Trl, Newark, DE 19711
      View Details
    • $2,500,000

      Main Street Newark Office Space

      11,578 SF office space in the heart of Newark.
      77 E Main St, Newark, DE 19711
      View Details
    • Contact for pricing
      30,208 SF

      Office Building in Newark, DE

      30,208 SF office building for sale.
      800 Barksdale Rd, Newark, DE 19711
      View Details
    • Contact for pricing

      Newark Industrial Park Sublease Opportunity

      Industrial space available for sublease in Newark, Delaware.
      700 Interchange Blvd, Newark, DE 19711
      View Details
    • $1,400,000
      3.30 Acres

      Residential Land Near Newark City

      3.3 acres of residentially zoned land near Newark.
      275 Possum Park Rd, Newark, DE 19711
      View Details

    Similar Nearby for Lease

    • $1,900 /Mo

      Prime Newark Location Office Space

      Office space in a prime location with easy tri-state access.
      720 New London Rd, Newark, DE 19711
      View Details
    • $15 SF/Yr

      Downtown Newark Office/Retail Space

      Adaptable office and retail space in Downtown Newark, Delaware.
      261 East Main St, Newark, DE 19711
      View Details
    • $3,800 /Mo
      36,155 SF

      Prime Newark Location Office Space

      Office space in a prime Newark location with easy access.
      720 New London Rd, Newark, DE 19711
      View Details
    • $15 SF/Yr
      2,475 SF

      Office Space with Full Build-Out

      Office space for lease with current build-out and parking.
      261-263 E Main St, Newark, DE 19711
      View Details
    • Contact for pricing
      3,200 SF

      Mixed-Use Retail/Office Space in Newark

      3,200 SF mixed-use space in downtown Newark.
      258 E Main St, Newark, DE 19711
      View Details
    • Contact for pricing
      2,075 SF

      Office Space in Newark

      Office space available for rent in Newark, Delaware.
      523 Capitol Trl, Newark, DE 19711
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 Creek View Rd
    Newark, DE 19711
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    500 Creek View Rd, Newark, DE, 19711

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!