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Property profile & analytics
OFF-MARKET
Estimated value
$8,515,000
Office Spaces
700 White Clay Ctr Dr Newark, DE 19711-8800
Entity Owned
10-yr Hold
Free & Clear
Property ID
US17-0138993
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1986
Construction
CONCRETE
Total area
64,281 SF
Lot
5.88 ac (256,133 SF)
Zoning code
I
APN
09-021.00-016
UPID
US17-0138993
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Adecco Staffing Employment Agency
-
Emory Hill Real Estate Inc Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.08M
Comparable Approach
Comparable
$7.51M
Blend (final)
Blend
$8.52M
Owner & transaction history
Swc 700 LLC · 10 yrs held
Swc 700 LLC
since 2016
4 recorded transactions
Zoning & alternative use
I · Newark, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Newark submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newark submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,920,000
6.5%
$10,080,000
7%
$9,360,000
Blend value · Realmo final
$8.52M
Range $7.66M – $9.37M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$132 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$136,915
Tax year 2023
Assessed value
$3,274,100
Assessed 2023
Previous assessed
$3,274,100
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$235,200
Assessed improvement
$3,038,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
1
Total area
64,281 SF
Lot
5.88 ac (256,133 SF)
Zoning code
I
APN
09-021.00-016
UPID
US17-0138993
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
I · Newark, DE
Zoning I · permitted uses
I · Newark, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newark. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
5.88 ac
Current owner
From public records · entity-resolved
Swc 700 LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1125 OCEAN AVE, LAKEWOOD, NJ 08701-4577
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2018
—
Swc 100 LLC
—
Grant Deed
related
$62,000,000 · Cantor Com'l R/e Lndg
Apr 13, 2016
$5,387,250
Swc 700 LLC
700 White Clay LLC
Grant Deed
—
Oct 14, 2014
—
700 White Clay LLC
White Clay V L P
Deed
—
—
—
Clay V LP White
—
Deed Of Trust
related
$3,191,178 · American Equity Inv Life Ins
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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