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Newark Flex, Lab, Office Facility
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150 Red Mill Rd, Newark, DE 19711

60,000 SF office, flex, and lab facility with income.

Property Size60,000 SF
Days on Market87

Property Features for 150 Red Mill Rd

General Information

Standard status Active
Size 60,000 SF
Class B
Property subtype Office - General Office

Building Details

Building Size 60,000 SF
Year Built 1969
Year Renovated 2017
Listing Agency: NAI Emory Hill
Listed By: Neil M. Kilian
Source: Commercialcafe
Added: May 14 Changed: Aug 8 Last Checked: Aug 8 at 7:25AM

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 NAI Emory Hill

Investment Insights

Based on property information with market context.

Located in Newark, Delaware, 150 Red Mill Road is a 60,000 square foot facility suitable for office, flex, and lab use. The building offers existing income from a tenant, with approximately 46,253 square feet available. This includes first-floor lab space previously utilized by Lycra for research and development and certified materials testing. The building is fully air-conditioned and sprinklered, and it features high power, high bay space, two elevators, and two shared loading docks. Abundant parking is available. The property is suitable for a range of users or investors.

Key Highlights

  • Significant availability of approximately 46,253 square feet.
  • Existing cash flow from a current tenant.
  • First‑floor lab space formerly used by Lycra for R&D and certified materials testing.

Property Analytics

Current Use

The LYCRA Company Applied ... Research Institute

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Building Supply Big Box & Wholesale Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

375
Businesses Nearby
Under-served
Demand for This Use

Demographics for 19711, DE

48,477
Population
20,617
Households
2.4
Avg Household Size
37
Median Age
53%
College-Educated
95%
High-School Grad
27.4 sq mi
ZIP Area
1,769
Density / Sq Mi
$94,455
Median Household Income
$43,790
Median Earnings
$1,516
Median Rent
$376,300
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - 60,000 SF office, flex, and lab facility with income.
Where is this flex space located?
The property is located at 150 Red Mill Rd Newark, DE.
What are key features of this property?
This property features: Significant availability of approximately 46,253 square feet.; Existing cash flow from a current tenant.; First‑floor lab space formerly used by Lycra for R&D and certified materials testing.
More about this property
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