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    Property profile & analytics

    77 E Main St, Unit Newark DE Newark, DE 19711

    • Retail space
    • 2,973 SF
    • 0.33 lot acres
    For Sale
    View listing
    $2,500,000
    Value Estimation
    Last Sale
    Jun 13, 2023
    Location Intelligence
    Property ID
    US17-0121124
    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

    • Retail space

    Property Details for 77 E Main St

    Year built
    1953
    Construction
    CONCRETE
    Lot size
    0.33 lot acres
    Property size
    2,973 SF
    Zone code
    18BB
    Property type
    Retail space
    APN
    18-020.00-056
    APU
    1802000056

    Description

    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 kitchen, and convenient bathroom facilities consisting of two half-baths and one full bath. Large windows offer excellent natural light and a captivating view of the bustling Main Street. The building itself is a Class C property, constructed in 1983, and sits on a 0.33-acre lot. Parking is available with four spaces provided. The property is zoned 18BB within New Castle County, Delaware. This presents a unique opportunity for businesses seeking a prominent location with substantial space and convenient amenities. The available space is currently vacant and ready for immediate occupancy.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $365,000

    • CAP approach

      CAP return
      Estimation
      6%
      $530,000
      6.5%
      $555,000
      7%
      $525,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $525,000
      Geo Method
      $560,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $480,000
      Retail
      $445,000
      Mixed-Use
      $505,000
      Hospitality
      $510,000
      Educational
      $380,000
      Residential Income
      $475,000
      Energy
      $470,000
      Income-Based Land
      $455,000
      Food Service
      $415,000

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7502
    Latitude
    39.6829
    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
    $12,250
    $143,800
    $193,800
    $337,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,353 SF

      1805 Capitol Trl

      RETAIL STORES (PERSONAL SERVICES) • 4,353 SF
      1805 Capitol Trl, Newark, DE 19711-5721
      View Details
    • Value Estimation
      $410,000
      2,700 SF

      1923 Capitol Trl

      RETAIL STORES (PERSONAL SERVICES) • 2,700 SF
      1923 Capitol Trl, Newark, DE 19711-5725
      View Details
    • Value Estimation
      $475,000
      13,875 SF

      1908 Capitol Trl

      RETAIL STORES (PERSONAL SERVICES) • 13,875 SF
      1908 Capitol Trl, Newark, DE 19711-5728
      View Details
    • Value Estimation
      $405,000
      2,160 SF

      227 Cleveland Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,160 SF
      227 Cleveland Ave, Newark, DE 19711-3710
      View Details
    • Value Estimation
      $335,000
      1,760 SF

      70 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,760 SF
      70 Main St, Newark, DE 19711-4640
      View Details
    • Value Estimation by Request
      1,431 SF

      69 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,431 SF
      69 Main St, Newark, DE 19711-4645
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,512 SF

      Newark Retail Space on Main

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      Prime Retail Opportunity on Main

      High-visibility retail space in downtown Newark near University of Delaware.
      165 E Main St, Newark, DE 19711
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      Newark Retail Property For Sale

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      604 Corner Ketch Rd, Newark, DE 19711
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      Turnkey Restaurant Opportunity For Sale

      Fully equipped restaurant with favorable lease terms for sale.
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      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.
      124-128 East Main St, Newark, DE 19711
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space Near University

      Retail space for lease with high visibility and access.
      250 E Main St, Newark, DE 19711
      View Details
    • $24 SF/Yr
      1,200 SF

      Retail Space in Meadowood Center

      Retail space for lease in Newark, Delaware shopping center.
      2610-2622 Kirkwood Hwy, Newark, DE 19711
      View Details
    • $16 SF/Yr
      6,500 SF

      Retail Space on Capitol Trail

      Retail space available for lease on Capitol Trail.
      1200-1300 Capitol Trl, Newark, DE 19711
      View Details
    • Contact for pricing
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      Retail Spaces Available for Lease

      Retail units available for lease in Newark, Delaware.
      401-421 New London Rd, Newark, DE 19711
      View Details
    • Contact for pricing
      1,488 SF

      Retail Space Near University

      Retail space for lease near the University of Delaware.
      230 E Main St, Newark, DE 19711
      View Details
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    Newark, DE 19711
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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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