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    298 Cherry Ln New Castle, DE 19720

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    For Lease
    Contact for pricing

    Stand-alone industrial/flex building in desirable New Castle industrial park.

    Property size:
    19,000 SF
    Lot size:
    2.80 Acres

    Property Features for 298 Cherry Ln

    General Information

    Size
    19,000 SF
    Lot size
    2.80 Acres

    Source: CBRE | Wilmington Agent Dan Reeder

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

    Overview

    New Castle Industrial/Flex Building

    This 19,000 square foot industrial/flex building is located in a desirable New Castle industrial park. The stand-alone building features new LED lights and fresh paint. It is suitable for warehouse use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    WS1 Warehouse Shipping Company

    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.

    Similar Places Nearby

    1st Tri Caterers, Dupssy's Kitchen

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5465179
    Latitude
    39.6897743

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    FAQs

    What type of property is this?
    Flex space - Stand-alone industrial/flex building in desirable New Castle industrial park.
    Where is this flex space located?
    The property is located at 298 Cherry Ln New Castle, DE.
    What are key features of this property?
    This property features: - Rare stand-alone industrial/flex building; - Located in the desirable New Castle industrial park; - New LED lights installed
    (302) 661-6700
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    298 Cherry Ln New Castle, DE 19720
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    New Castle, DE 19720
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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
    298 Cherry Ln New Castle, DE 19720
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