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    9320 Old Racetrack Rd Delmar, DE 19940

    For Sale
    $1,300,000

    Industrial property with warehouse, expansion potential, and convenient location.

    Property size:
    6,000 SF

    Property Features for 9320 Old Racetrack Rd

    General Information

    Size
    6,000 SF

    Building Details

    Year built
    1989

    Source: George Merritt Agent George Merritt

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

    Overview

    Versatile Warehouse on 4.66 Acres

    This 4.66-acre property is zoned Light Industrial (LI-2), offering potential for various business ventures. It features a 6,000 sq ft warehouse equipped with four 14'x14' roll-up doors and individual access doors. The property offers the option to occupy the entire space or lease out portions for additional income. The current owners are pursuing permits to construct an additional 6,000 sq ft of warehouse space and 6,000 sq ft of office space on the property's street frontage. An asphalt driveway and parking lot are in place. The building benefits from new electric service including 3-phase power, a new metal roof, and LED lighting. The property has approximately 3.5 acres fenced in with a new asphalt driveway and parking area. Located one mile north of the Maryland border, the property may offer tax advantages. The warehouse has a 22' ceiling height and the option for demising.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Delmar
    County
    Sussex
    State
    Delaware
    Longitude
    -75.5778154
    Latitude
    38.4635532

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    FAQs

    What type of property is this?
    Warehouse - Industrial property with warehouse, expansion potential, and convenient location.
    Where is this warehouse located?
    The property is located at 9320 Old Racetrack Rd Delmar, DE.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - 4.66-acre Light Industrial (LI-2) zoned property with significant expansion potential. Permits being pursued for an additional 12,000 sq ft.; - Existing 6,000 sq ft warehouse with **four 14'x14' roll-up doors** and **22' ceiling height**, offering flexible options.; - New upgrades: metal roof, LED lighting, and complete 3-phase electrical service.
    (443) 935-2277
    Request Owner's contact information
    9320 Old Racetrack Rd Delmar, DE 19940
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    Delmar, DE 19940
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    9320 Old Racetrack Rd Delmar, DE 19940
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