Technical
Financial
Distress signals
Property profile

701 Capitol Trl Newark, DE 19711

OFF-MARKET
Office Spaces
Property ID
US17-0036622
1,272 SF 0.77 ac lot Built 1930
Individually Owned 22-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 0.41-acre commercial lot presents a remarkable opportunity for entrepreneurs and established businesses alike. Strategically located at 701 Capitol Trail in Newark, Delaware, this property boasts convenient access to both Kirkwood Highway and Capitol Trail, ensuring high visibility and easy accessibility for customers and employees. The land is completely level and has been cleared of trees and brush, eliminating the need for costly site preparation. Zoned CR, this lot allows for a wide range of commercial uses, providing flexibility for diverse business ventures. Imagine establishing your own landscaping business, utilizing the space for equipment storage, or creating a thriving retail operation. The possibilities are endless. Its prime location offers proximity to established businesses, including a Wendy's restaurant and the Possum Park Shopping Mall, ensuring high foot traffic and brand visibility. This is a rare opportunity to secure a well-situated, ready-to-develop commercial lot in a thriving Delaware community. Don't miss out on this chance to build your business in a highly desirable location. The lot is conveniently located behind a real estate office, adding to its accessibility and visibility. Act quickly to secure this exceptional property.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1930
Construction CONCRETE
Total area 1,272 SF
Lot 0.77 ac (33,541 SF)
Zoning code CR
APN 08-059.00-017
UPID US17-0036622

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor

Location

701 Capitol Trl Newark, DE 19711-3913
Newark metro Census 13700 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$390k

Owner & transaction history

Zoning & alternative use

CR · Newark, DE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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