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    Property profile & analytics

    638 New Castle Ave Wilmington, DE 19801-5822

    • Industrial properties
    • 0.02 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US17-0055837
    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

    • Industrial properties

    Property Details for 638 New Castle Ave

    Lot size
    0.02 lot acres
    Zone code
    26R-3
    Property type
    Industrial properties
    APN
    26-058.30-021
    APU
    2605830021

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5432
    Latitude
    39.7265
    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
    2024
    $48
    $1,300
    $0.00
    $1,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      701 New Castle Ave

      INDUSTRIAL (GENERAL) • 0.05 Acres
      701 New Castle Ave, Wilmington, DE 19801-5823
      View Details
    • Value Estimation by Request
      2.44 Acres

      1225 8th St

      INDUSTRIAL (GENERAL) • 2.44 Acres
      1225 8th St, Wilmington, DE 19801-4300
      View Details
    • Value Estimation by Request
      2.10 Acres

      721 Terminal Ave

      INDUSTRIAL (GENERAL) • 2.10 Acres
      721 Terminal Ave, Wilmington, DE 19801-5885
      View Details
    • Value Estimation
      $255,000
      14.32 Acres

      1300 Delmarva Ln

      INDUSTRIAL (GENERAL) • 14.32 Acres
      1300 Delmarva Ln, Wilmington, DE 19801
      View Details
    • Value Estimation
      $865,000
      1.95 Acres

      810 Justison St

      INDUSTRIAL (GENERAL) • 1.95 Acres
      810 Justison St, Wilmington, DE 19801-5152
      View Details
    • Value Estimation
      $300,000
      14.86 Acres

      Christiana Ave

      INDUSTRIAL (GENERAL) • 14.86 Acres
      Christiana Ave, Wilmington, DE 19801
      View Details

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    Similar Nearby for Lease

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      1,500 SF

      Light Industrial/Flex/Warehouse Space Available

      Centrally located light industrial/flex/warehouse property with various sized suites.
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    638 New Castle Ave
    Wilmington, DE 19801-5822
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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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