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Class A Medical Office Development
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150 Red Mill Rd, Newark, DE 19711

Proposed 3-story Class A office building with a 2-story atrium and zoning for medical or general office use.

Property Size60,000 SF
Days on Market95

Property Features for 150 Red Mill Rd

General Information

Standard status Active
Size 60,000 SF
Class Class A
Total Parking Spaces 270
Property subtype OFFICE
Zoning OR

Additional Details

Highway Access Yes

Building Details

Stories 3
Listing Agency: NAI Emory Hill
Listed By: Neil Kilian
Source: Moodyscre
Added: Jun 10 Changed: Sep 8 Last Checked: Sep 12 at 11:35AM

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.

This proposed Class A office development is planned as a three-story building with a two-story atrium. The project has approvals for up to 90,000 square feet of office space and includes a parking garage approved for up to 30,000 square feet with 270 parking spaces.

The property is zoned OR for medical and general office use and is located within a private corporate setting just minutes from I-95, Christiana Hospital, and the University of Delaware, along with nearby shopping, restaurants, and other amenities.

On-site parking is listed at 5.5 spaces per 1,000 square feet.

Key Highlights

  • Approved for up to 90,000 SF of Class A office space and up to 30,000 SF parking garage with 270 parking spaces
  • Proposed 3‑story Class A office building with a 2‑story atrium
  • Zoned OR for medical and general office use

Property Analytics

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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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

375
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Office building - Proposed 3-story Class A office building with a 2-story atrium and zoning for medical or general office use.
Where is this office building located?
The property is located at 150 Red Mill Rd Newark, DE.
What are key features of this property?
This property features: Approved for up to 90,000 SF of Class A office space and up to 30,000 SF parking garage with 270 parking spaces; Proposed 3‑story Class A office building with a 2‑story atrium; Zoned OR for medical and general office use
(302) 521-7291 Call to check price and availability
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