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Property profile & analytics
OFF-MARKET
Estimated value
$1,590,000
Warehouses
505 Churchmans Rd New Castle, DE 19720-3154
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US17-0009372
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
STONE
Total area
21,600 SF
Lot
3.55 ac (154,638 SF)
Zoning code
I
APN
10-024.00-022
UPID
US17-0009372
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
-
Preferred Electric INC Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.59M
Owner & transaction history
John J Zdeb · 4 yrs held
John J Zdeb
since 2021
6 recorded transactions
Zoning & alternative use
I · New Castle, 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 New Castle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Castle 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$74 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$15,050
Tax year 2024
Assessed value
$451,300
Assessed 2024
Previous assessed
$451,300
+0.0% YoY
Effective rate
3.33%
On assessed value
Assessed land
$136,800
Assessed improvement
$314,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Construction
STONE
Heating
YES
Cooling
YES
Stories
1
Total area
21,600 SF
Lot
3.55 ac (154,638 SF)
Zoning code
I
APN
10-024.00-022
UPID
US17-0009372
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
I · New Castle, DE
Zoning I · permitted uses
I · New Castle, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Castle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Construction
STONE
Heating
YES
Cooling
Yes
Stories
1
Lot
3.55 ac
Current owner
From public records · entity-resolved
John J Zdeb
Individual
Free & Clear · 4 yrs held
Mailing address
110 S COLTS NCK WAY, HOCKESSIN, DE 19707-9798
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2023
—
Preferred Real Estate LLC
—
Deed
related
$2,000,000 · Wilmington Savings Fund Society Fsb
Aug 23, 2021
—
John J Zdeb
Marian L Zdeb
Intrafamily Transfer
related
—
Dec 14, 2007
—
Preferred Real Estate LLC
Sparco,joseph A
Grant Deed
—
Sep 28, 2007
$1,850,000
Joseph A Sparco
Star Five Properties LLC
Deed
$1,600,000 · Wilmington Savings Fund Society Fsb
Jan 27, 2006
$1,600,000
Star Five Properties LLC
Nathaniel A Cousins
Deed
$1,280,000 · Wilmington Savings Fund Society Fsb
Jan 3, 2006
$1
Nathaniel A Cousins
Cousins Samuel A Trust
Grant Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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