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    Property profile & analytics

    501 E Basin Rd New Castle, DE 19720

    • Retail space
    • 10,730 SF
    • 1.37 lot acres
    For Sale
    View listing
    Value Estimation
    Last Sale
    Dec 08, 2021
    $2,316,000
    Location Intelligence
    Property ID
    US17-0132659
    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.

    Current Use by Public Records

    • Rite Aid / Drug Store / Beauty Supply Store
    • Western Union / Money Transfer Service
    • Mary Orefuwa / Pharmacy
    • Steven Stuhltrager / Pharmacy
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 501 E Basin Rd

    Year built
    1980
    Construction
    CONCRETE
    Lot size
    1.37 lot acres
    Property size
    10,730 SF
    Zone code
    CN
    Property type
    Retail space
    APN
    10-025.00-016
    APU
    1002500016

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,925,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,405,000
      6.5%
      $2,360,000
      7%
      $2,125,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,740,000
      Geo Method
      $2,740,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,395,000
      Retail
      $1,850,000
      Mixed-Use
      $2,120,000
      Hospitality
      $2,325,000
      Educational
      $2,350,000
      Residential Income
      $2,360,000
      Energy
      $2,520,000
      Income-Based Land
      $1,900,000
      Food Service
      $2,195,000

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5871
    Latitude
    39.6742
    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
    $13,044
    $104,100
    $321,700
    $425,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      800 SF

      4121 New Castle Ave

      RETAIL STORES (PERSONAL SERVICES) • 800 SF
      4121 New Castle Ave, New Castle, DE 19720-1449
      View Details
    • Value Estimation
      $330,000
      2,156 SF

      608 Basin Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,156 SF
      608 Basin Rd, New Castle, DE 19720-4202
      View Details
    • Value Estimation
      $560,000
      12,200 SF

      132 Sunset Blvd

      RETAIL STORES (PERSONAL SERVICES) • 12,200 SF
      132 Sunset Blvd, New Castle, DE 19720-4100
      View Details
    • Value Estimation
      $315,000
      2,688 SF

      3050 New Castle Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,688 SF
      3050 New Castle Ave, New Castle, DE 19720-2248
      View Details
    • Value Estimation
      $320,000
      1,804 SF

      907 Dupont Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,804 SF
      907 Dupont Hwy, New Castle, DE 19720-2534
      View Details
    • Value Estimation
      $340,000
      920 SF

      51 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 920 SF
      51 2nd St, Historic New Castle, DE 19720-4803
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Pad Site For Sale

      High-visibility retail pad site with direct highway access.
      2160 New Castle Ave, New Castle, DE 19720
      View Details
    • Contact for pricing
      10,760 SF

      Retail Endcap Opportunity

      Retail space available in New Castle, Delaware.
      501 E Basin Rd, New Castle, DE 19720
      View Details
    • Contact for pricing

      Retail Space on DuPont Highway

      Retail space available in high-traffic Parkway Plaza.
      1509 N Dupont Hwy, New Castle, DE 19720
      View Details
    • $6,000,000
      67,723 SF

      Entertainment Center with Redevelopment Potential

      Established entertainment center on 6.99 acres with redevelopment potential.
      3031 New Castle Ave, New Castle, DE 19720
      View Details
    • $700,000

      New Castle Avenue Commercial Opportunity

      Commercial property with redevelopment potential on New Castle Avenue.
      3101 New Castle Ave, New Castle, DE 19720
      View Details
    • $1,500,000
      6,800 SF

      Mixed-Use Property in Downtown Gateway

      Mixed-use property with retail and residential income potential.
      699 Ferry Cut Off St, New Castle, DE 19720
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    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Retail Space on Dupont Highway

      Retail space available with high traffic count in New Castle.
      1505-1511 N Dupont Hwy, New Castle, DE 19720
      View Details
    • Contact for pricing
      2,000 SF

      Prime Retail Space in New Castle

      Retail space for lease in a vibrant, accessible plaza.
      3125 New Castle Ave, New Castle, DE 19720
      View Details
    • Contact for pricing
      4,324 SF

      Retail and Office Space Available

      Commercial buildings with retail and office space for rent.
      240 S Dupont Hwy, New Castle, DE 19720
      View Details
    • $2,000 /Mo

      Retail/Office Space for Rent

      Retail or office space available for lease.
      901 E Basin Rd, New Castle, DE 19720
      View Details
    • $23,971
      109,771 SF

      Versatile Commercial Space Available

      24,000 sq ft retail/warehouse space with flexible subdivision options.
      791 S Dupont Hwy, New Castle, DE 19720
      View Details
    • $14 SF/Yr
      1,000 SF

      Versatile Flex, Office, Retail Space

      Flex, office, and retail spaces available for lease.
      23 Parkway Cir, New Castle, DE 19720
      View Details
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    501 E Basin Rd
    New Castle, DE 19720
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    Realmo Value Estimation

    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.

    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.

    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
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