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Financial
Distress signals
Property profile

77 E Main St Newark, DE 19711

FOR LEASE
Retail space
Property ID
US17-0121124
2,973 SF 0.33 ac lot Built 1953
Last sale Jun 2023
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional executive office space, totaling 2,169 square feet, is ideally situated on Newark's Main Street, offering unparalleled proximity to the University of Delaware campus. The property is part of a larger building encompassing 8,925 square feet, featuring a total of one suite. This specific suite is a two-story space, providing ample room for a variety of business needs. The layout includes five individual offices, a loft area with two generously sized rooms, a functional…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value$338k
Assessed land$144k
Assessed improvement$194k
Effective rate3.63%

Value estimate

· Oct 2026
$365k
$329k – $402k
AI approach$365k
NOI build-up
Gross scheduled income$169k
Vacancy & credit loss−$33k
Operating expenses−$34k
NOI · 425,645.83% cap applied$102k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$229/SF
County average, outlier-cleaned · 40 recorded sales of this use type
Observed band · Q1–Q3$117 – $332
Qualifying comparables4

Cap rate analysis

How does the asset earn?
425,645.83%
$102k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
18BB
JurisdictionNEW CASTLE

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service9.9
Garden Center9.8
Carpet & Flooring Store9.5

Location

77 E Main St Newark, DE 19711
County assessor Recorded deeds · 4 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 16 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
16 Haines, Newark, DE 19711-4611 $542,985 Nov 2020 1,107 SF
399 New London, Newark, DE 19711-7044 $3,625,000 Oct 2020 11,421 SF
2603 Capitol, Newark, DE 19711-7253 $1,350,000 Jul 2020 1,731 SF
1110 Elkton, Newark, DE 19711-3509 $73,390 Jan 2019 4,460 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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