Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Building Near Major Interstates Title is generated by Realmo AI

    12 McCullough Drive, New Castle, DE 19720

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Well-located industrial building with highway access and recent upgrades.

    Property size:
    55,380 SF
    Added:
    Nov 22, 2025
    Days on Market:
    177
    Last Refresh:
    Apr 5 at 10:38 pm

    Property Features for 12 McCullough Drive

    General Information

    Standard status
    Active
    Size
    55,380 SF

    Building Details

    Year Built
    1988

    Properties For Sale

    at 12 McCullough Drive Contact us

    We can help!

    Listing Contact
    Tim Plemmons, MICP

    Listing agent Tim Plemmons, MICP License #PA #RS333359

    Listing office

    Listing date Nov 22, 2025

    Source Naiglobal

    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 Tim Plemmons, MICP

    HighLights

    • Superb location near I‑295, Route 13, I‑95, and the Delaware Memorial Bridge.
    • Zoned industrial.
    • Benefit from 21‑24' clear height.
    • New roof and landscaping (2024).
    • 1,800 SF of office space.
    • One 10'x10' drive‑in door.

    Overview

    This well-constructed masonry industrial building is located in Northern New Castle County, near the intersection of Interstates 295, 95, Route 13, and the Delaware Memorial Bridge. The property features 1,800 square feet of office space and one 10' x 10' drive-in door. The clear height within the building ranges from 21 to 24 feet. The property is zoned for industrial use. A new roof and landscaping were installed in 2024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Power Trans Inc Auto Repair Shop Floor Covering Services ... Janitorial Equipment Supplier High Transit US ... Freight Service 1877FloorGuy Big Box & Wholesale Store Floorguy Supply LLC Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Similar Places Nearby

    • Meyer Records Management — 11 Boulden Cir, New Castle, DE 19720
    • A-Team Movers — 48 S Glen Ave, New Castle, DE 19720
    • Atelier — 71 Southgate Blvd, New Castle, DE 19720
    • Brain Core Inc — 35 Industrial Blvd, New Castle, DE 19720

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5714
    Latitude
    39.6906

    Nearby Similar for Sale

    • $17
      8,990 SF

      Wilmington Office Space For Sale

      4,921 SF office space with high visibility.
      Wilmington, New Castle, DE 19808
      View Details
    • $3,500,000
      21,500 SF

      Energy-Efficient Industrial Building with Expansion

      21,500 SF industrial building in established business park setting.
      40 McCullough Dr, New Castle, DE 19720
      View Details
    • $24

      Corporate Campus in New Castle

      Corporate campus with renovated lobby and convenient highway access.
      10 Corporate Circle, New Castle, DE 19720
      View Details
    • $1,500
      1,140 SF

      Office Space in Airport Business Park

      Office space featuring three offices, conference room, and breakroom.
      94A Quigley Boulevard, New Castle, DE 19720
      View Details
    • Contact for pricing
      10,760 SF

      Retail Endcap Opportunity

      Retail space available in New Castle, Delaware.
      501 E Basin Rd, New Castle, DE 19720
      View Details
    • Contact for pricing
      50,000 SF

      First-Floor Office Space Available

      8,208 SF office space in excellent condition.
      13 Reads Way, New Castle, DE 19720
      View Details
    • Contact for pricing

      Retail Space on DuPont Highway

      Retail space available in high-traffic Parkway Plaza.
      1509 N. Dupont Highway, New Castle, DE 19720
      View Details
    • Contact for pricing

      Flex Warehouse Space Available

      Move-in ready flex-warehouse with heavy electric and high ceilings.
      243 Quigley Blvd, New Castle, DE 19720
      View Details
    • Contact for pricing

      Retail Pad Site For Sale

      High-visibility retail pad site with direct highway access.
      2160 New Castle Ave, New Castle, DE 19720
      View Details
    • Contact for pricing
      34,751 SF

      New Castle Flex/Warehouse Space

      Move-in ready flex/warehouse with heavy electric and high ceilings.
      245 Quigley Blvd, New Castle, DE 19720
      View Details
    • $16,840,000
      70,395 SF

      Institutional-Quality Storage Facility For Sale

      Public Storage-managed facility with high occupancy and strong growth potential.
      4093 New Castle Ave, New Castle, DE
      View Details
    • Contact for pricing
      38,000 SF

      Southgate Warehouse in New Castle

      38,000 SF warehouse with highway access in New Castle.
      78 McCullough Drive, New Castle, DE 19720
      View Details

    FAQs

    What type of property is this?
    Warehouse - Well-located industrial building with highway access and recent upgrades.
    Where is this warehouse located?
    The property is located at 12 McCullough Drive New Castle, DE.
    What are key features of this property?
    This property features: Superb location near I‑295, Route 13, I‑95, and the Delaware Memorial Bridge.; Zoned industrial.; Benefit from **21‑24' clear height.**
    (302) 322-9500
    We can help!
    Listing Contact
    Tim Plemmons, MICP
    Real Estate License ID: PA #RS333359
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12 McCullough Drive, New Castle, DE 19720
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!