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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Hotels
94 Main St Newark, DE 19711-4640
Entity Owned
8-yr Hold
Free & Clear
Property ID
US17-0207963
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
2023
Construction
ADOBE
Total area
8,571 SF
Lot
1.1 ac (47,916 SF)
Zoning code
18BB
APN
18-020.00-034
UPID
US17-0207963
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
-
Lot 3 Parking Lot & Garage
-
Hyatt Place Newark / Main Street Hotel & Motel
-
The Green Mansion Bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$428k
Blend (final)
Blend
$565k
Owner & transaction history
96 E Main Street Assocs LLC · 8 yrs held
96 E Main Street Assocs LLC
since 2018
3 recorded transactions
Zoning & alternative use
18BB · Newark, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$925,000
+67.1%
Auto repair, garage
$810,000
+46.2%
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
by Request
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
$795,000
6.5%
$735,000
7%
$680,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$555,000
Current use
RETAIL STORES
$925,000
Change: +67% · Conversion: Difficult
AUTO REPAIR, GARAGE
$810,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±10%
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
$66 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$13,510
Tax year 2023
Assessed value
$372,300
Assessed 2023
Previous assessed
$372,300
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed land
$335,400
Assessed improvement
$36,900
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
Hotels
Use group
HOTEL-RESORT
Status
Off-Market
Year built
2023
Construction
ADOBE
Heating
YES
Cooling
YES
Buildings
7
Stories
1
Total area
8,571 SF
Lot
1.1 ac (47,916 SF)
Zoning code
18BB
APN
18-020.00-034
UPID
US17-0207963
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
18BB · Newark, DE
Zoning 18BB · permitted uses
18BB · 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
HOTEL/MOTEL Current
Est. value
$555,000
RETAIL STORES
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$810,000
HOTEL/MOTEL Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
2023
Construction
ADOBE
Heating
YES
Cooling
Yes
Stories
1
Buildings
7
Lot
1.1 ac
Current owner
From public records · entity-resolved
96 E Main Street Assocs LLC
Entity
Free & Clear · 8 yrs held
Mailing address
100 DEAN DR, NEWARK, DE 19711-8545
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2022
—
96 East Main Street Associates LLC
—
Deed
related
$35,962,500 · Oceanfirst Bank
Apr 2, 2018
$1,380,000
96 E Main Street Assocs LLC
Green Mansion LLC
Grant Deed
—
Nov 14, 2008
—
Green Mansion LLC
Cox,thomas D & Donna J
Grant Deed
—
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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