Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    624 Basin Rd New Castle, DE 19720-4202

    • Retail space
    • 2,000 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Location Intelligence
    Property ID
    US17-0274777
    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

    • Ioannoni's Specialty Sandwiches / Sandwich Shop / Takeout Restaurant
    • TJM Financial / Loan Agency

    Property Details for 624 Basin Rd

    Year built
    1970
    Construction
    CONCRETE
    Lot size
    0.35 lot acres
    Property size
    2,000 SF
    Zone code
    CN
    Property type
    Retail space
    APN
    10-025.10-104
    APU
    1002510104

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $335,000

    • CAP approach

      CAP return
      Estimation
      6%
      $225,000
      6.5%
      $260,000
      7%
      $240,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $225,000
      Geo Method
      $240,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $265,000
      Retail
      $280,000
      Mixed-Use
      $245,000
      Hospitality
      $205,000
      Educational
      $240,000
      Residential Income
      $275,000
      Energy
      $245,000
      Income-Based Land
      $260,000
      Food Service
      $250,000

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5835
    Latitude
    39.6713
    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
    $4,167
    $38,100
    $93,700
    $131,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      806 SF

      3003 New Castle Ave

      RETAIL STORES (PERSONAL SERVICES) • 806 SF
      3003 New Castle Ave, New Castle, DE 19720-2233
      View Details
    • Value Estimation
      $270,000
      1,800 SF

      622 Basin Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      622 Basin Rd, New Castle, DE 19720-4202
      View Details
    • Value Estimation by Request
      1,478 SF

      269 Dupont Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,478 SF
      269 Dupont Hwy, New Castle, DE 19720-6454
      View Details
    • Value Estimation
      $860,000
      3,150 SF

      1169 Dupont Hwy

      RETAIL STORES (PERSONAL SERVICES) • 3,150 SF
      1169 Dupont Hwy, New Castle, DE 19720-5203
      View Details
    • Value Estimation by Request
      139,633 SF

      2225 Hessler Blvd

      RETAIL STORES (PERSONAL SERVICES) • 139,633 SF
      2225 Hessler Blvd, New Castle, DE 19720-6305
      View Details
    • Value Estimation by Request
      18,916 SF

      128 Sunset Blvd

      RETAIL STORES (PERSONAL SERVICES) • 18,916 SF
      128 Sunset Blvd, New Castle, DE 19720-4100
      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
    • $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
    • $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
    • $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
      View Details

    Similar Nearby for Lease

    • $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
    • Contact for pricing
      5,400 SF

      Freestanding Retail Building For Lease

      Freestanding retail building with access from multiple streets.
      800 N Dupont Hwy, New Castle, DE 19720
      View Details
    • 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
      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
      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
      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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    624 Basin Rd
    New Castle, DE 19720-4202
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.