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    211 Lake Dr Newark, DE 19702

    For Sale
    Contact for pricing

    29,750 SF office/industrial building in Pencader Corporate Center.

    Property size:
    29,750 SF

    Property Features for 211 Lake Dr

    General Information

    Size
    29,750 SF

    Source: Tim Plemmons, MICP Agent Tim Plemmons, MICP

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newark Office/Industrial Building For Sale

    Located within the 350-acre Pencader Corporate Center in Newark, Delaware, this one-story steel and brick building offers approximately 29,750 square feet of space. The property is situated on Route 896, approximately two miles from I-95. The building features dock loading capabilities with drive-in potential. Paved parking is available for 210 vehicles. The interior boasts a 16-foot ceiling height and is fully conditioned. The building is equipped with a full building back-up generator. Electrical service includes a 2000 amp, 480/27, 3-phase system, along with an 800 amp generator. Current availability includes Suite A, which is divisible and offers between approximately 6,118 and 15,458 square feet. The Pencader Corporate Center is a master-planned park designed for office, research, and industrial use. The park includes open spaces, wide boulevards, lakes, underground utilities, landscaping, and screened, well-lit parking lots. The property is zoned BP.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Alias Group Automation Company Coventry Health Care ... Insurance Agency Mussel Buster Marine Supply Store Alias Cann Business Development Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    New Castle
    State
    Delaware
    Longitude
    -75.752576
    Latitude
    39.615071

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    FAQs

    What type of property is this?
    Office building - 29,750 SF office/industrial building in Pencader Corporate Center.
    Where is this office building located?
    The property is located at 211 Lake Dr Newark, DE.
    What are key features of this property?
    This property features: - Located in the premier Pencader Corporate Center, a 350-acre master-planned business park.; - Convenient access to I-95, Route 896, and Route 40.; - **Full building back-up generator ensures uninterrupted power.**
    (610) 675-5591
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    211 Lake Dr Newark, DE 19702
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    211 Lake Dr Newark, DE 19702
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