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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Warehouses
8 Tyler Way Newark, DE 19713-3449
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US17-0294275
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
CONCRETE
Total area
4,860 SF
Lot
1.01 ac (43,996 SF)
Zoning code
I
APN
11-006.00-025
UPID
US17-0294275
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
-
Lemper's Landscaping Inc Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
$580k
Comparable Approach
Comparable
$652k
Blend (final)
Blend
$615k
Owner & transaction history
8 Tyler Way LLC · 3 yrs held
8 Tyler Way LLC
since 2022
Last sale
$585,000
5 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
$645,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
$630,000
6.5%
$580,000
7%
$540,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$670,000
Current use
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $585k (Sep 27 2022)
Last sale anchor
$585k
Sep 27 2022
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
$127 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$6,877
Tax year 2024
Assessed value
$161,500
Assessed 2024
Previous assessed
$161,500
+0.0% YoY
Effective rate
4.26%
On assessed value
Assessed land
$35,400
Assessed improvement
$126,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
4,860 SF
Lot
1.01 ac (43,996 SF)
Zoning code
I
APN
11-006.00-025
UPID
US17-0294275
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$670,000
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
1.01 ac
Current owner
From public records · entity-resolved
8 Tyler Way LLC
Entity
Mailing address
14 MANASSAS DR, MIDDLETOWN, DE 19709-3802
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2022
—
8 Tyler Way LLC
Tyler Way Leasing INC
Intrafamily Transfer
related
—
Dec 31, 2009
$585,000
Tyler Way Leasing INC
Lempers Landscaping INC
Grant Deed
—
Aug 23, 2004
$175,000
Constantino G Vergara
King,jason K
Grant Deed
$175,000 · Chase Manhattan Mortgage Corp
—
—
Lempers Landscaping INC
—
Deed Of Trust
related
$122,000 · Wilmington Savings Fund Societ
—
—
Tyler Way Leasing INC
—
Deed Of Trust
related
$468,000 · Rbs Citizens Bank NA
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.
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