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7 InnovationNewark, DE 19711

  • Office properties
  • 22,167 SF
Off market

Property Details for 7 Innovation

Year built
2000
Construction
CONCRETE
Lot size
12.20 AC
Property size (Sq ft)
22,167 SF
Zone code
18UN
Property type
Office properties
Property subtype
Other office properties
APN
18-028.00-001
APU
1802800001

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024

  • CAP approach

    CAP return
    Valuation
    6%
    $9,473,555
    6.5%
    $8,744,820
    7%
    $8,120,190

  • Comparable approach

    Method
    Valuation
    Method 1
    $4,701,037
    Method 2
    $2,896,340

  • Alternative Use

    Use
    Valuation
    Residential
    $10,843,577
    Hospitality
    $9,932,658
    Educational
    $8,263,855
    Medical
    $8,548,062
    Retail
    $12,854,886
7 Innovation, Newark, Delaware

Location Insight

City
Newark
County
New Castle
State
Delaware
Latitude
39.6776
Longitude
-75.7316
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Tax year
    2023

Comparable in this City

  • 700 Barksdale

    OFFICE (GENERAL) • 4,484 SF

    Estimated
    $798,721
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    Newark, DE
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  • 701 Capitol

    OFFICE (GENERAL) • 1,272 SF

    Estimated
    $170,610
    701 Capitol
    Newark, DE
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  • 2100 Drummond

    OFFICE (GENERAL) • 3,080 SF

    Estimated
    $294,877
    2100 Drummond
    Newark, DE
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  • 1100 Elkton

    OFFICE (GENERAL) • 380 SF

    Estimated
    $2,033,042
    1100 Elkton
    Newark, DE
    View Details

  • 18 Haines

    OFFICE (GENERAL) • 1,358 SF

    Estimated
    $83,006
    18 Haines
    Newark, DE
    View Details

  • 1 Innovation

    OFFICE (GENERAL) • 23,778 SF

    Estimated
    $2,939,211
    1 Innovation
    Newark, DE
    View Details

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  • For Lease
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7 Innovation, Newark, Delaware, 19711

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.