Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    720 New London Rd Newark, DE 19711
    Property profile & analytics

    720 New London Rd, Newark, DE 19711

    View on Map
    • Office Spaces
    • 1,713 SF
    • 0.83 lot acres
    For Lease
    $1,900/Mo
    View Listing →
    Prime Newark Location Office Space For Lease
    $1,900/Mo

    Prime Newark Location Office Space

    Office space in a prime Newark location with easy tri-state access.

    720 NEW LONDON Road, Newark, DE 19711
    View Listing
    Property ID
    US17-0139171
    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

    • Insurance Associates Inc. / Insurance Agency

    Property Details for 720 New London Rd

    Year built
    1945
    Construction
    CONCRETE
    Lot size
    0.83 lot acres
    Zone code
    ON
    Property type
    Office Spaces
    APN
    09-005.40-025
    APU
    900540025

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 20, 2025 — Marco Ortga Disco Duck LLC Deed $40k · Disco Duck LLC
    Apr 5, 2004 $10 Disco Duck LLC Bristol Knoll Ptshp Grant Deed · related $215k · Wilmington Trust Co
    — — Disco Duck LLC — Deed Of Trust · related $468k · Artisans Bank
    — — Disco Duck LLC — Deed Of Trust · related $23k · Wilmington Trust Co
    — — Disco Duck LLC — Deed Of Trust · related $100k · Artisans Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7769
    Latitude
    39.7094
    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
    $4,470
    $16,600
    $90,300
    $106,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      16 Polly Drummond Shopping Ctr

      Office Spaces
      16 Polly Drummond Shopping Ctr, Newark, DE 19711
      View Details
    • Value Estimation
      $4,415,000
      15,036 SF

      555 Paper Ml Rd

      OFFICE (GENERAL)
      555 Paper Ml Rd, Newark, DE 19711-7513
      View Details
    • Value Estimation
      $8,505,000
      64,220 SF

      400 White Clay Ctr Dr

      OFFICE (GENERAL)
      400 White Clay Ctr Dr, Newark, DE 19711-5468
      View Details
    • Value Estimation
      $8,515,000
      64,281 SF

      700 White Clay Ctr Dr

      OFFICE (GENERAL)
      700 White Clay Ctr Dr, Newark, DE 19711-8800
      View Details
    • Value Estimation by Request
      420 SF

      314 Delaware Cir

      OFFICE (GENERAL)
      314 Delaware Cir, Newark, DE 19711-7134
      View Details
    • Value Estimation by Request
      420 SF

      315 Delaware Cir

      OFFICE (GENERAL)
      315 Delaware Cir, Newark, DE 19711-7131
      View Details

    Similar Nearby for Sale

    • $799,000
      1,800 SF

      Prime Newark Office Building

      Stately stone office, high visibility, ample parking.
      112 Capitol Trl, Newark, DE 19711
      View Details
    • Contact for pricing
      30,208 SF

      Office Building in Newark, DE

      30,208 SF office building for sale.
      800 Barksdale Rd, Newark, DE 19711
      View Details
    • Contact for pricing

      Newark Flex, Lab, Office Facility

      60,000 SF office, flex, and lab facility with income.
      150 Red Mill Rd, Newark, DE 19711
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space Near University

      Office space for rent near the University of Delaware.
      625 Barksdale Rd, Newark, DE 19711
      View Details
    • Contact for pricing
      5,086 SF

      Office Space Available For Rent

      Office space available for rent at 500 Creek View Rd.
      500 Creek View Rd, Newark, DE 19711
      View Details
    • Contact for pricing
      7,505 SF

      Office Space in Newark, Delaware

      Office space available for lease in Newark, Delaware.
      600 White Clay Center Dr, Newark, DE 19711
      View Details
    • $1,900 /Mo

      Prime Newark Location Office Space

      Office space in a prime Newark location with easy tri-state access.
      720 New London Rd, Newark, DE 19711
      View Details
    • $3,800 /Mo

      Prime Newark Location Office Space

      Office space in a prime Newark location with easy tri-state access.
      720 New London Rd, Newark, DE 19711
      View Details
    • Contact for pricing
      3,200 SF

      Office Space in Newark

      Office space available for rent in Newark, Delaware.
      102-136 Astro Shopping Ctr, Newark, DE 19711
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    720 New London Rd
    Newark, DE 19711
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    720 New London Rd, Newark, DE, 19711
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!