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    650 Naamans Rd Claymont, DE 19703
    Property profile & analytics

    650 Naamans Rd, Claymont, DE 19703

    View on Map
    • Office Spaces
    • 24,639 SF
    • 3.80 lot acres
    For Sale
    $5,375,000
    View Listing →
    Class A Office Suites Available For Sale
    $5,375,000
    5,032 SF

    Class A Office Suites Available

    Office and medical suites available near I-95 and I-495.

    650 Naamans Rd, Claymont, DE
    View Listing
    Property ID
    US17-0256149
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • SoFi / Bank / Credit Union
    • The Reef / Restaurant
    • Bernard Nosanchuk, Psychiatric Nurse Practitioner / Physician
    • Furlow Associates Inc / Construction Company
    • Jen Jerez, Counselor / Psychotherapist / Biofeedback Therapist

    Property Details for 650 Naamans Rd

    Year built
    1990
    Construction
    CONCRETE
    Lot size
    3.80 lot acres
    Zone code
    CR
    Property type
    Office Spaces
    APN
    06-047.00-311
    APU
    604700311

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 20, 2018 $5,750,000 Wso Brandywine LLC Naamans Road Holdings LLC Grant Deed —
    Nov 12, 2013 $1,000,000 650 Naamans Road Holdings LLC Sheriff Of New Castle County Trustees Deed · related —
    Dec 1, 2006 — Brandywine Corporate Center I Spe L Eugene A Delle Donne & Son LP Deed $9M · Wachovia Bank NA

    Description

    This exceptional Class A office space, located within the prestigious Brandywine Corporate Center at 650 Naamans Road, Claymont, Delaware 19703, offers a prime opportunity for businesses seeking a sophisticated and efficient workspace. The building, constructed in 1990, boasts a total of 76,551 square feet, with a minimum divisible space of 2,437 square feet. Currently, there is 27,653 square feet of vacant space available, including a full 3rd floor currently available for lease. The property is categorized as a multi-tenant office building, ideal for companies of various sizes. Its location in Claymont, Delaware provides convenient access to major transportation routes and amenities. The building's "A" classification signifies its high-quality construction, modern amenities, and desirable location. This presents a rare chance to secure a prominent presence in a well-maintained and highly sought-after commercial building. The available space is adaptable to a variety of business needs, offering a flexible and functional environment for your operations. Interested parties are encouraged to inquire about lease terms and availability. The property's strategic location and impressive features make it an exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,185,000
      6.5%
      $3,865,000
      7%
      $3,585,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,534,000
      Market price range: $1.93M - $5.53M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $6,905,000
      Current use
      RETAIL STORES
      $5,645,000
      Change: -18% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Claymont
    County
    New Castle
    State
    Delaware
    Longitude
    -75.4582
    Latitude
    39.8157
    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
    $195,443
    $331,100
    $5,223,700
    $5,554,800
    -
    $0.00
    $0.00
    $0.00

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      3724 Philadelphia Pike

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      OFFICE (GENERAL)
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    Similar Nearby for Sale

    • Contact for pricing
      76,331 SF

      Class A Office Suites Available

      Office and medical suites available near I-95 and I-495.
      650 Naamans Rd, Claymont, DE 19703
      View Details
    • $459,000
      5,400 SF

      Claymont Office Building For Sale

      Office building with 5400 square feet available for sale.
      3102 W Brandywine Ave, Claymont, DE 19703
      View Details
    • $459,000

      Claymont Commercial Property for Sale

      Commercial property available in Claymont, Delaware.
      3102 W Brandywine Ave, Claymont, DE 19703
      View Details
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      3.23 Acres

      Established Ice Cream Business Opportunity

      Profitable ice cream business for sale in high-traffic Claymont area.
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      Established Ice Cream Business Opportunity

      Well-established ice cream business for sale in Claymont, Delaware.
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      5,400 SF

      Claymont Machine Shop For Sale

      5,400 SF machine shop in Claymont, Delaware available for sale.
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    Similar Nearby for Lease

    • Contact for pricing

      Industrial Park Warehouse Spaces Available

      Warehouse spaces available in industrial park with easy highway access.
      130 Hickman Rd, Claymont, DE 19703
      View Details
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      20,679 SF

      Claymont Office Space Sublease

      Office space available for sublease in Claymont, Delaware.
      590 Naamans Rd, Claymont, DE 19703
      View Details
    • $3,600 /Mo

      Renovated Mixed-Use Property on Pike

      Newly renovated mixed-use property with live/work opportunity on Philadelphia Pike.
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      525,000 SF

      Spacious Warehouse with High Clearance

      Large warehouse space featuring 40' clearance and ample parking.
      333 Naamans Rd, Claymont, DE 19703
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      2,650 SF

      Retail Space Available For Rent

      2650 SF retail space available for rent.
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    Claymont, DE 19703
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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