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950 BasinNew Castle, DE 19720

  • Office properties
  • 6,122 SF
For Lease
$12/SF/YR View listing

Property Details for 950 Basin

Year built
2002
Construction
CONCRETE
Lot size
11.29 AC
Property size (Sq ft)
6,122 SF
Zone code
I
Property type
Office properties
Property subtype
Other office properties
APN
10-013.00-025
APU
1001300025

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024

  • CAP approach

    CAP return
    Valuation
    6%
    $2,616,372
    6.5%
    $2,415,112
    7%
    $2,242,604

  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,298,315
    Geo Method
    $799,900

  • Alternative Use

    Use
    Valuation
    Residential
    $2,994,739
    Hospitality
    $2,743,165
    Educational
    $2,282,281
    Medical
    $2,360,772
    Retail
    $3,550,215
950 Basin, New Castle, Delaware

Location Insight

City
New Castle
County
New Castle
State
Delaware
Latitude
39.6958
Longitude
-75.5986
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $8,395,100
  • Assessed land value
    $564,500
  • Assessed value
    $8,959,600
  • Tax year
    2023
  • Tax bill
    $274,479

Comparable in this City

  • 423 7th

    OFFICE (GENERAL) • 2,750 SF

    Estimated
    $306,251
    423 7th
    Historic New Castle, DE
    View Details

  • 818 Basin

    OFFICE (GENERAL) • 8,400 SF

    Estimated
    $619,157
    818 Basin
    New Castle, DE
    View Details

  • 3 Bellecor

    OFFICE (GENERAL) • 4,220 SF

    Estimated
    $563,860
    3 Bellecor
    New Castle, DE
    View Details

  • 3020 Bowlarama

    OFFICE (GENERAL) • 3,000 SF

    Estimated
    $446,611
    3020 Bowlarama
    New Castle, DE
    View Details

  • 212 Cherry

    OFFICE (GENERAL) • 18,000 SF

    Estimated
    $1,452,000
    212 Cherry
    New Castle, DE
    View Details

  • 314 Cherry

    OFFICE (GENERAL) • 25,321 SF

    Estimated
    $1,437,480
    314 Cherry
    New Castle, DE
    View Details

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Similar Nearby for Lease

  • For Lease Call for price

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    Executive Office Building, Claymont DE

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950 Basin, New Castle, Delaware, 19720

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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.