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    Property profile & analytics

    505 Basin Rd New Castle, DE 19720-4230

    • Community centers
    • 23,600 SF
    • 3.10 lot acres
    OFF-MARKET
    Value Estimation
    $570,000
    Location Intelligence
    Property ID
    US17-0174414
    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

    • Tung Hsing House / Mandarin Restaurant / Chinese Restaurant

    Property Details for 505 Basin Rd

    Year built
    1982
    Construction
    CONCRETE
    Lot size
    3.10 lot acres
    Property size
    23,600 SF
    Zone code
    CN
    Property type
    Community centers
    APN
    10-025.00-013
    APU
    1002500013

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $565,000

    • CAP approach

      CAP return
      Estimation
      6%
      $710,000
      6.5%
      $675,000
      7%
      $625,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $720,000
      Geo Method
      $555,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $585,000
      Retail
      $665,000
      Mixed-Use
      $535,000
      Hospitality
      $505,000
      Educational
      $700,000
      Residential Income
      $585,000
      Energy
      $555,000
      Income-Based Land
      $605,000
      Food Service
      $670,000

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5865
    Latitude
    39.6735
    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
    $0.00
    $235,600
    $646,400
    $882,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      21,536 SF

      1220 Beaver Brk Plz

      MINI-MALL • 21,536 SF
      1220 Beaver Brk Plz, New Castle, DE 19720-8632
      View Details
    • Value Estimation
      $485,000
      40,990 SF

      287 Christiana Rd

      MINI-MALL • 40,990 SF
      287 Christiana Rd, New Castle, DE 19720-2978
      View Details
    • Value Estimation
      $955,000
      43,833 SF

      1400 Dupont Hwy

      MINI-MALL • 43,833 SF
      1400 Dupont Hwy, New Castle, DE 19720-2219
      View Details
    • Value Estimation
      $780,000
      24,000 SF

      1509 Dupont Hwy

      MINI-MALL • 24,000 SF
      1509 Dupont Hwy, New Castle, DE 19720-1965
      View Details
    • Value Estimation by Request
      41,280 SF

      1 Penn Mart Shopping Ctr

      MINI-MALL • 41,280 SF
      1 Penn Mart Shopping Ctr, New Castle, DE 19720-4206
      View Details
    • Value Estimation
      $880,000
      30,426 SF

      1403 Dupont Hwy

      MINI-MALL • 30,426 SF
      1403 Dupont Hwy, New Castle, DE 19720-1843
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Retail space available in high-traffic Parkway Plaza.
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      Mixed-use property with retail and residential income potential.
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      Established entertainment center on 6.99 acres with redevelopment potential.
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      Retail Pad Site For Sale

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      10,760 SF

      Retail Endcap Opportunity

      Retail space available in New Castle, Delaware.
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    Similar Nearby for Lease

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      15,300 SF

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      7,850 SF Retail Space Available
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      Retail Space in Parkway Center

      Retail space available in established shopping center.
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    • Contact for pricing
      2,329 SF

      Retail Space in Neighborhood Center

      Retail spaces available within an 88,188 SF neighborhood center.
      287 Christiana Rd, New Castle, DE 19720
      View Details
    • Contact for pricing
      21,000 SF

      Grocery Anchored Shopping Center Redevelopment

      Retail opportunity in redeveloped shopping center near I-295.
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    • $20 SF/Yr
      1,000 SF

      Retail Space in Penn Mart

      Bustling retail hub with national tenants in New Castle.
      106 Penn Mart Shopping Ctr, New Castle, DE 19720
      View Details
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    505 Basin Rd
    New Castle, DE 19720-4230
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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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