Technical
Financial
Distress signals
Property profile

500 Plaza Dr Newark, DE 19702

FOR LEASE
Grocery and convenience stores
Property ID
US17-0132234
72,042 SF 15.86 ac lot Built 2000
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Four Seasons Plaza, located at 500 Plaza Drive in Newark, Delaware (zip code 19702), offers a prime retail opportunity. This neighborhood center boasts a total of 134,423 square feet and currently has one available suite measuring 5,500 square feet. The minimum divisible space is 5,500 square feet, and the maximum contiguous space available is also 5,500 square feet. The property sits on 15.86 acres of land and is strategically positioned on Route 40, providing excellent visibility and accessibility between Interstates 95 and 896. This high-traffic location benefits from over 22,000 vehicles passing daily, ensuring significant exposure for businesses. The property is classified as a neighborhood retail center, offering a convenient and accessible shopping experience for the local community. The available space is suitable for a variety of retail uses and presents a unique opportunity for businesses seeking a prominent location in a thriving area of Newark, Delaware. This end-cap and inline space offers high visibility and ample space for a variety of retail concepts. The property's size and location make it an ideal choice for businesses looking to establish a strong presence in the Newark market.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2000
Construction CONCRETE
Total area 72,042 SF
Lot 15.86 ac (690,862 SF)
Zoning code CN
APN 11-017.20-155
UPID US17-0132234

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Pharmacy
  • Medical Laboratory
  • Cinema (Bike/Boat/Book/etc) Store
  • Pharmacy

Location

500 Plaza Dr Newark, DE 19702
Newark metro Census 14813 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$10.73M
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.80M

Owner & transaction history

since 2024
7 recorded transactions
2024
Price N/A
2019
Price N/A
2017
Price N/A
2013
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CN · Newark, DE

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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