634 Stanton Christiana Rd Newark, DE 19713-2109
Property profile & analytics
634 Stanton Christiana Rd Newark, DE 19713-2109
- Retail space
- 8,240 SF
- 7.50 lot acres
Property ID
US17-0216185
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.
Location Intelligence
Current Use by Public Records
- Builders FirstSource / Building Supply / Industrial Manufacturer
Property Details for 634 Stanton Christiana Rd
- Year built
- 1969
- Construction
- STONE
- Lot size
- 7.50 lot acres
- Property size
- 8,240 SF
- Zone code
- I
- Property type
- Retail space
- APN
- 09-011.00-067
- APU
- 901100067
Description
This exceptional investment opportunity presents a 34,000 square foot warehouse in Newark, Delaware, currently 100% occupied by Builders FirstSource (BLDR), a leading U.S. building products supplier and S&P 500 company. The property boasts a 10-year net lease (NN) with approximately 3.3 years remaining, featuring 2% annual rent increases and two additional five-year options. The asking price is $3,324,489, representing a 6.75% cap rate and a pro-forma cap rate of 6.90%. The current Net Operating Income (NOI) is $224,403, with a pro-forma NOI of $229,499. Built in 1969, this single-tenant property sits on a substantial 7.5-acre lot, strategically located with excellent access via State Highway DE-7 (48,000 vehicles per day). The tenant's strong financial performance and long-term lease provide exceptional stability and growth potential. The property's location in Wilmington, DE, a key economic center in the Mid-Atlantic region, further enhances its value. Comparable land sales within a three-mile radius have closed between $579,000 and $1,000,000 per acre, supporting the property's significant land value. This investment offers a compelling combination of strong tenant credit, a favorable lease structure, and a prime location in a thriving market. The long-term housing tailwinds and the tenant's extensive distribution network further solidify this opportunity's attractiveness.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $700,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,330,000
- 6.5%
- $1,225,000
- 7%
- $1,140,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,286,000
Market price range: $347k - $1.29M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- New Castle
- State
- Delaware
- Longitude
- -75.6492
- Latitude
- 39.7039
- 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
$41,134
$161,800
$1,180,900
$1,342,700
-
$0.00
$0.00
$0.00
