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    Property profile & analytics

    601 Ogletown Rd Newark, DE 19711-5405

    • Grocery and convenience stores
    • 5,627 SF
    • 1.99 lot acres
    OFF-MARKET
    Value Estimation
    $500,000
    Location Intelligence
    Property ID
    US17-0173559
    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

    • Amazon Locker - Asdrubale / Shipping And Mailing Service
    • PNC ATM / Atm
    • Wawa / Candy Store / Convenience Store

    Property Details for 601 Ogletown Rd

    Year built
    2012
    Construction
    CONCRETE
    Lot size
    1.99 lot acres
    Property size
    5,627 SF
    Zone code
    18BC
    Property type
    Grocery and convenience stores
    APN
    18-021.00-181
    APU
    1802100181

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $430,000

    • CAP approach

      CAP return
      Estimation
      6%
      $600,000
      6.5%
      $595,000
      7%
      $555,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $615,000
      Geo Method
      $575,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $650,000
      Retail
      $595,000
      Mixed-Use
      $625,000
      Hospitality
      $635,000
      Educational
      $590,000
      Residential Income
      $635,000
      Energy
      $615,000
      Income-Based Land
      $680,000
      Food Service
      $590,000

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7333
    Latitude
    39.6847
    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
    $15,785
    $99,500
    $335,500
    $435,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $380,000
      3,401 SF

      668 Paper Ml Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 3,401 SF
      668 Paper Ml Rd, Newark, DE 19711-7516
      View Details
    • Value Estimation
      $350,000
      1,950 SF

      121 Main St

      CONVENIENCE STORE (W/FUEL PUMP) • 1,950 SF
      121 Main St, Newark, DE 19711-7940
      View Details
    • Value Estimation
      $990,000
      34,500 SF

      403 New London Rd

      GROCERY, SUPERMARKET • 34,500 SF
      403 New London Rd, Newark, DE 19711-7009
      View Details
    • Value Estimation by Request
      49,591 SF

      100 Grv Ln

      GROCERY, SUPERMARKET • 49,591 SF
      100 Grv Ln, Newark, DE 19711-5481
      View Details
    • Value Estimation
      $380,000
      2,928 SF

      202 Main St

      CONVENIENCE STORE • 2,928 SF
      202 Main St, Newark, DE 19711-4561
      View Details
    • Value Estimation
      $380,000
      2,640 SF

      11 Red Ml Rd

      CONVENIENCE STORE • 2,640 SF
      11 Red Ml Rd, Newark, DE 19711-6665
      View Details

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      Fully equipped restaurant with favorable lease terms for sale.
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    Similar Nearby for Lease

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      Retail space available for lease in Newark, Delaware.
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      Retail space for lease with high visibility and access.
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      Astro Shopping Center Retail Space

      Newark, DE: Prime Retail Storefront Available
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      View Details
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      Pad site for lease in a densely populated Newark area.
      Astro Shopping Ctr, Newark, DE 19711
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    • $15 SF/Yr
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      Kirkwood Highway Retail/Office Space

      Versatile space on Kirkwood Highway with high visibility.
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      View Details
    • Contact for pricing
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      Retail Space Near University Campus

      Retail space previously occupied by University of Delaware program.
      1 S Main St, Newark, DE 19711
      View Details
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    601 Ogletown Rd
    Newark, DE 19711-5405
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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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