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Property profile & analytics
OFF-MARKET
Estimated value
$5,550,000
Medical Office Space
537 Stanton Christiana Rd, Newark, DE 19713-2146
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US17-0481153
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2004
Construction
CONCRETE
Total area
32,039 SF
Lot
8.76 ac (381,586 SF)
Zoning code
ON
APN
09-011.00-060
UPID
US17-0481153
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
-
Paul Sabini, MD, FACS Physician Medical Clinic
-
Premier Cosmetic Surgery Physician Medical Clinic
-
Premier Dermatology Medical Clinic
-
Lori A. Spencer, MD, PhD Physician Medical Clinic
-
Matthew R Hanson MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.55M
Blend (final)
Blend
$5.55M
Owner & transaction history
Cutis LLC · 3 yrs held
Cutis LLC
since 2022
7 recorded transactions
Zoning & alternative use
ON · Newark, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.6M
+18.6%
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 Newark submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newark 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,550,000
Current use
COMMERCIAL (GENERAL)
$6,580,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$5.55M
Range $5.00M – $6.11M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$173 / 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 2023Property tax & assessments
Tax year 2023
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
2
Rooms
6
Bathrooms
1
Total area
32,039 SF
Lot
8.76 ac (381,586 SF)
Zoning code
ON
APN
09-011.00-060
UPID
US17-0481153
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
ON · Newark, DE
Zoning ON · permitted uses
ON · Newark, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newark. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$6.6M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Rooms
6
Bathrooms
1
Lot
8.76 ac
Current owner
From public records · entity-resolved
Cutis LLC
Entity
Mailing address
222 DELAWARE AVE STE #109, WILMINGTON, DE 19801-1681
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2022
—
Cutis LLC
Cutis LLC
Deed
related
—
Sep 7, 2022
—
Infusion Solutions Prop Investmenst
Patn Doc LLC
Deed
$595,000 · Wilmington Savings Fund Society Fsb
Jun 2, 2022
—
Bug Docs LLC
—
Deed
related
$117,000 · Wilmington Savings Fund Society Fsb
Nov 12, 2021
—
Premier Spa Real Estate LLC
—
Deed
related
$69,413 · Wilmington Savings Fund Society Fsb
Oct 28, 2021
—
Cutis LLC
—
Deed
related
$389,148 · Wilmington Savings Fund Society Fsb
Oct 22, 2021
—
Premier At Apex LLC
—
Deed
related
$39,054 · Wilmington Savings Fund Society Fsb
Jul 1, 2021
—
Premier At Apex LLC
—
Deed
related
$380,000 · Wilmington Savings Fund Society Fsb
Apr 27, 2020
$342,380
Premier At Apex LLC
Sheriff Of New Castle County|yacoub,carl & Jennife
Deed
related
—
Nov 28, 2017
—
Magic Real Estate Holdings LLC
—
Deed
related
$250,000 · Pnc Bank NA
Oct 3, 2016
—
Cutis LLC
—
Deed
related
$1,060,000 · Wilmington Svg Fund Societyfsb
Sep 1, 2016
$1,060,000
Premier Spa Real Estate LLC
Befeti Ents LLC
Grant Deed
$848,000 · Wilmington Svg Fund Societyfsb
May 3, 2007
$822,500
Befeti Ents LLC
Chesapeake Property Mgmt LLC
Grant Deed
$800,000 · Wilmington Trust Co
Nov 10, 2004
$905,293
Bug Docs LLC
Chesapeake Property Mgmt LLC
Grant Deed
$676,000 · Wilmington Trust Co
Oct 22, 2004
$476,580
Hsm Properties LLC
Chesapeake Property Mgmt LLC
Grant Deed
$340,000 · Delaware National Bank
Apr 3, 2003
$10
Chesapeake Property Mgmt LLC
Chesapeake Property Mgmt LLC
Grant Deed
related
—
—
—
Hsm Properties LLC
—
Deed Of Trust
related
$168,000 · Fulton Bank
—
—
Ethiophil LLC
—
Deed Of Trust
related
$2,076,000 · Delaware National Bank
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.
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