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450 NewportWilmington, DE 19804

  • Retail properties
  • 1,176 SF
Off market
$73,084 Estimated

Property Details for 450 Newport

Year built
1950
Construction
CONCRETE
Lot size
0.44 AC
Property size (Sq ft)
1,176 SF
Zone code
CN
Property type
Retail properties
Property subtype
Auto shops
APN
07-042.30-307
APU
704230307

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024

  • CAP approach

    CAP return
    Valuation
    6%
    $738,806
    6.5%
    $681,975
    7%
    $633,263

  • Comparable approach

    Method
    Valuation
    Method 1
    $628,485
    Method 2
    $387,214

  • Alternative Use

    Use
    Valuation
    Residential
    $575,272
    Hospitality
    $526,946
    Educational
    $438,413
    Medical
    $453,490
    Retail
    $681,975
450 Newport, Wilmington, Delaware

Location Insight

City
Wilmington
County
New Castle
State
Delaware
Latitude
39.7195
Longitude
-75.6123
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $17,300
  • Assessed land value
    $43,100
  • Assessed value
    $60,400
  • Tax year
    2023
  • Tax bill
    $1,993

Comparable in this City

  • 106 Marshall

    AUTO REPAIR, GARAGE • 5,040 SF

    Estimated
    $110,110
    106 Marshall
    Wilmington, DE
    View Details

  • 304 Falco

    AUTO REPAIR, GARAGE • 3,785 SF

    Estimated
    $113,498
    304 Falco
    Wilmington, DE
    View Details

  • 405 Ayre

    AUTO REPAIR, GARAGE • 1,680 SF

    Estimated
    $86,152
    405 Ayre
    Wilmington, DE
    View Details

  • 15 Ayre

    AUTO REPAIR, GARAGE • 3,000 SF

    Estimated
    $106,359
    15 Ayre
    Wilmington, DE
    View Details

  • 501 B And O

    AUTO REPAIR, GARAGE • 3,960 SF

    Estimated
    $106,480
    501 B And O
    Wilmington, DE
    View Details

  • 22 Brookside

    AUTO REPAIR, GARAGE • 9,010 SF

    Estimated
    $619,036
    22 Brookside
    Wilmington, DE
    View Details

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Similar Nearby for Lease

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  • For Lease
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    Prime Newport Flex Space

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450 Newport, Wilmington, Delaware, 19804

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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.