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    Property profile & analytics

    668 Paper Ml Rd Newark, DE 19711-7516

    • Grocery and convenience stores
    • 3,401 SF
    • 1.50 lot acres
    OFF-MARKET
    Value Estimation
    $380,000
    Location Intelligence
    Property ID
    US17-0120926
    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

    • Shell / Car Wash / Convenience Store
    • Dash In / Convenience Store
    • Splash In / Car Wash / Convenience Store
    • LibertyX Bitcoin ATM / Atm

    Property Details for 668 Paper Ml Rd

    Year built
    2022
    Construction
    CONCRETE
    Lot size
    1.50 lot acres
    Property size
    3,401 SF
    Zone code
    CR
    Property type
    Grocery and convenience stores
    APN
    08-047.00-008
    APU
    804700008

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $345,000

    • CAP approach

      CAP return
      Estimation
      6%
      $470,000
      6.5%
      $515,000
      7%
      $440,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $500,000
      Geo Method
      $430,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $495,000
      Retail
      $400,000
      Mixed-Use
      $460,000
      Hospitality
      $425,000
      Educational
      $395,000
      Residential Income
      $405,000
      Energy
      $435,000
      Income-Based Land
      $370,000
      Food Service
      $415,000

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7405
    Latitude
    39.7148
    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
    $0.00
    $64,400
    $271,700
    $336,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • 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
    • Value Estimation
      $1,725,000
      1,731 SF

      2603 Capitol Trl

      CONVENIENCE STORE (W/FUEL PUMP) • 1,731 SF
      2603 Capitol Trl, Newark, DE 19711-7253
      View Details

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      Turnkey Restaurant Opportunity For Sale

      Fully equipped restaurant with favorable lease terms for sale.
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      Main Street Newark Office Space

      11,578 SF office space in the heart of Newark.
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    Similar Nearby for Lease

    • Contact for pricing
      10,900 SF

      Retail Space on Main Street

      Retail space available for lease in Newark, Delaware.
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      View Details
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      Retail Space Near University

      Retail space for lease with high visibility and access.
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      View Details
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      Astro Shopping Center Retail Space

      Newark, DE: Prime Retail Storefront Available
      102 Astro Shopping Ctr, Newark, DE 19711
      View Details
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      Prime Pad Site Opportunity

      Pad site for lease in a densely populated Newark area.
      Astro Shopping Ctr, Newark, DE 19711
      View Details
    • $15 SF/Yr
      2,767 SF

      Kirkwood Highway Retail/Office Space

      Versatile space on Kirkwood Highway with high visibility.
      1923 Capitol Trl, Newark, DE 19711
      View Details
    • Contact for pricing
      6,500 SF

      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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    668 Paper Ml Rd
    Newark, DE 19711-7516
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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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