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100 Lake Drive, Newark, DE 19702
350-acre business park with office spaces in Newark, Delaware.
Property Size28,050 SF
Price / SF$0.00
Days on Market316
Property Features for 100 Lake Drive
General Information
Standard status
Active
Size
28,050 SF
Property subtype
Office
Properties For Sale
at 100 Lake Drive
Suite 300/301
Size
6,000 SF
Type
Office Building
Term
Negotiable
Listed By:
Neil Kilian SIOR, CCIM
(302) 521-7291
Source:
Naiglobal
Added: Dec 3, 2025
Changed: Oct 10
Last Checked: Oct 14 at 9:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Neil Kilian SIOR, CCIM
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Pencader Corporate Center is a 350-acre business park located in Newark, Delaware, on Route 896, near Interstate 95 and Route 40. The property features an efficient development plan with open space, wide boulevards, lakes, underground utilities, landscaping, and screened, well-lit parking lots. The location is adjacent to Interstate 95, providing access to major highway routes throughout the Mid-Atlantic region. The property at 100 Lake Drive offers common lobby areas, elevator service, abundant parking, high-speed internet, and security cameras. The property has a size of 28,050 square feet.
Key Highlights
- Premier 350‑acre business park location.
- Convenient access to Interstate 95, Route 896, and Route 40.
- Abundant parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$382,058
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,641,160
$7.6M
Cap Rate 7%
$5,457,971
$5.5M
Cap Rate 9%
$4,245,089
$4.2M
Market Conditions
NOI Build-Up for 28,050 SF
Gross rent
$632.8K $22.56/SF
− Vacancy
−$123.4K −$4.40/SF
EGI
$509.4K $18.16/SF
− OpEx
−$127.4K −$4.54/SF
NOI
$382.1K $13.62/SF
Area
New Castle County, DE
Vacancy
19.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,641,160
Cap Rate 7%
$5,457,971
Cap Rate 9%
$4,245,089
Alternative Uses
Best Use
Office B
$5.46M
$4.78M – $6.37M
NOI $382,058 @ 7.0% cap · market cap 2,938,907.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.71M
$5.87M – $7.83M
NOI $469,651 @ 7.0% cap · market cap 3,612,700.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 19702, DE
55,653
Population
22,149
Households
2.5
Avg Household Size
36
Median Age
40%
College-Educated
93%
High-School Grad
28.1 sq mi
ZIP Area
1,981
Density / Sq Mi
$92,304
Median Household Income
$48,253
Median Earnings
$1,549
Median Rent
$331,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - 350-acre business park with office spaces in Newark, Delaware.
Where is this office building located?
The property is located at 100 Lake Drive Newark, DE.
What are key features of this property?
This property features: Premier 350‑acre business park location.; Convenient access to Interstate 95, Route 896, and Route 40.; Abundant parking.
