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500 PlzNewark, DE 19702

  • Retail properties
  • 72,042 SF
For Lease
View listing

Property Details for 500 Plz

Year built
2000
Construction
CONCRETE
Lot size
15.86 AC
Property size (Sq ft)
72,042 SF
Zone code
CN
Property type
Retail properties
Property subtype
Grocery and convenience stores
APN
11-017.20-155
APU
1101720155

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024

  • CAP approach

    CAP return
    Valuation
    6%
    $45,259,440
    6.5%
    $41,777,944
    7%
    $38,793,804

  • Comparable approach

    Method
    Valuation
    Method 1
    $38,501,092
    Method 2
    $23,720,780

  • Alternative Use

    Use
    Valuation
    Residential
    $35,241,260
    Hospitality
    $32,280,804
    Educational
    $26,857,250
    Medical
    $27,780,912
    Retail
    $41,777,944
500 Plz, Newark, Delaware

Location Insight

City
Newark
County
New Castle
State
Delaware
Latitude
39.6268
Longitude
-75.7457
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $3,351,400
  • Assessed land value
    $634,400
  • Assessed value
    $3,985,800
  • Tax year
    2023
  • Tax bill
    $166,677

Comparable in this City

  • 130 4th Seasons

    CONVENIENCE STORE • 2,580 SF

    Estimated
    $477,587
    130 4th Seasons
    Newark, DE
    View Details

  • 2754 Pulaski

    CONVENIENCE STORE (W/FUEL PUMP) • 5,557 SF

    Estimated
    $400,510
    2754 Pulaski
    Newark, DE
    View Details

  • 2725 Pulaski

    CONVENIENCE STORE • 3,922 SF

    Estimated
    $178,112
    2725 Pulaski
    Newark, DE
    View Details

  • 776 Old Baltimore

    CONVENIENCE STORE (W/FUEL PUMP) • 2,800 SF

    Estimated
    $750,200
    776 Old Baltimore
    Newark, DE
    View Details

  • 2439 Pulaski

    CONVENIENCE STORE • 3,034 SF

    Estimated
    $534,094
    2439 Pulaski
    Newark, DE
    View Details

  • 865 Old Baltimore

    CONVENIENCE STORE (W/FUEL PUMP) • 5,623 SF

    Estimated
    $433,180
    865 Old Baltimore
    Newark, DE
    View Details

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Similar Nearby for Lease

  • For Lease Call for price

    Lagrange Retail Center: Newark, DE

    Prime Retail Space, Delaware. High-traffic location.

    2675 Pulaski Hwy
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  • For Lease
    $35/SF/YR

    Corporate Blvd Retail Spaces

    Newark, DE: Prime Retail Opportunity

    130 Corporate Blvd
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  • For Lease Call for price

    Christiana Fashion Center Retail Space

    Delaware Retail Center: 18,000 sq ft available

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  • For Lease Call for price

    Christiana Town Center Retail Space

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  • For Lease Call for price

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    Prime 1-Acre Pad Site for Lease

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  • For Lease Call for price

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    View Details

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500 Plz, Newark, Delaware, 19702

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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.