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

Fully air conditioned, sprinklered office-flex and lab space with high-bay warehouse areas and shared loading docks.

Space Size5,000 SF - 46,253 SF
Property Size60,000 SF
Days on Market58

Property Features for 150 Red Mill Rd

General Information

Standard status Active
Size 5,000 SF - 46,253 SF
Property subtype Office, Industrial

Warehouse & Industrial

Dock-High Doors 2
Sprinkler System Yes

Building Details

Building Size 60,000 SF
Year Built 1969
Tenancy Multiple

Spaces For Lease

at 150 Red Mill Rd Contact us

#High Bay Warehouse

Size
30,653 SF
Type
Industrial
Availability
Active
Contact us

1st Floor Office

Size
5,000 SF
Type
Industrial, Office
Availability
Active
Contact us

2nd Floor Mezzanine Office

Size
5,000 SF
Type
Industrial, Office
Availability
Active
Contact us

Lab Space

Size
5,600 SF
Type
Industrial
Availability
Active
Contact us

Total Available

Size
46,253 SF
Type
Industrial, Office
Availability
Active
Contact us
Listing Agency: NAI Emory Hill Real Estate Services, Inc.
Listed By: Neil Kilian · License #DE RA-0002984
Source: Crexi
Added: Jun 15 Changed: Aug 8 Last Checked: Aug 10 at 5:15AM

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 Real Estate Services, Inc.

Investment Insights

Based on property information with market context.

The property at 150 Red Mill Road is a 60,000-square-foot office, flex, and lab facility with fully air conditioned and sprinklered space throughout. The building includes high power, high bay areas, two elevators, and two shared loading docks. Approximately 46,253 square feet is available, including first-floor lab space that was formerly used for R&D and certified materials testing. One tenant provides existing cash flow, with the remainder of the building available for additional occupancy.

The site offers abundant parking and is configured to support mixed operational needs across office, flex, and lab environments. The presence of both elevator service and loading access supports day-to-day movement of people and materials within the facility.

For tenants or buyers seeking a single campus-style building with flexible layout options, the combination of office space, high-bay industrial capability, and first-floor lab functionality may fit a range of users. The property’s two shared loading docks and high-bay design can support operations that require both administrative functions and hands-on production or testing activities within one controlled, sprinklered environment.

Key Highlights

  • 60,000 SF office, flex, and lab facility at 150 Red Mill Road in Newark, Delaware
  • One tenant provides existing cash flow, with approximately 46,253 SF currently available
  • 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.

Lease Details

2
Dock-high doors
Yes
Sprinkler system
NNN (Triple Net)
Lease Type

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Fully air conditioned, sprinklered office-flex and lab space with high-bay warehouse areas and shared loading docks.
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: 60,000 SF office, flex, and lab facility at 150 Red Mill Road in Newark, Delaware; One tenant provides existing cash flow, with approximately 46,253 SF currently available; First‑floor lab space formerly used by Lycra for R&D and certified materials testing
More about this property
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