Professional Office Suite with
For Sale
Contact for pricing
189 Christiana Rd, New Castle, DE 19720
Functional office workspace with supplemental storage, convenient parking, and access to major regional routes.
Property Size3,042 SF
Price / SF$0.02
Days on Market55
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Property Features for 189 Christiana Rd
General Information
Standard status
Active
Size
3,042 SF
Class
B
Property subtype
Office
Lease Term
MG
Additional Details
Road Access
Yes
Building Details
Building Size
3,042 SF
Year Built
1987
Properties For Sale
at 189 Christiana Rd
189 Christiana Road
Size
1,300 SF
Term
Negotiable
Listing Agency:
LMT Commercial Realty / CORFAC International
Listed By:
Mitch Berkowitz
(302) 414-1000
Source:
Lmtcre
Added: Aug 22
Changed: Oct 2
Last Checked: Oct 14 at 9:54PM
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 LMT Commercial Realty / CORFAC International
Investment Insights
Based on property information with market context.
This professional office suite provides approximately 1,300 SF of workspace along with an open basement area for additional storage. The layout is suited to accounting, medical, and other professional office operations, with on-site parking positioned directly in front of the building.
The property fronts Route 273, also known as Christiana Road, and sits between Route 1 and Route 13. Its location along a commercial corridor provides direct connectivity to those regional routes for clients and staff. Constructed in 1987, the building combines a practical office configuration with useful storage capacity and straightforward vehicle access.
The property fronts Route 273, also known as Christiana Road, and sits between Route 1 and Route 13. Its location along a commercial corridor provides direct connectivity to those regional routes for clients and staff. Constructed in 1987, the building combines a practical office configuration with useful storage capacity and straightforward vehicle access.
Key Highlights
- Approximately 1,300 +/- SF professional office suite
- Open basement layout provides additional storage space
- On‑site parking directly in front of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,707
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,140
$354.1K
Cap Rate 7%
$252,957
$253.0K
Cap Rate 9%
$196,744
$196.7K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$29.3K $22.56/SF
− Vacancy
−$5.7K −$4.40/SF
EGI
$23.6K $18.16/SF
− OpEx
−$5.9K −$4.54/SF
NOI
$17.7K $13.62/SF
Area
New Castle County, DE
Vacancy
19.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,140
Cap Rate 7%
$252,957
Cap Rate 9%
$196,744
Alternative Uses
Best Use
Office B
$253.0K
$221.3K – $295.1K
NOI $17,707 @ 7.0% cap · market cap 88,535.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$310.9K
$272.1K – $362.8K
NOI $21,766 @ 7.0% cap · market cap 108,830.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Explore this area
Business Placement
Demographics for 19720, DE
61,043
Population
24,262
Households
2.5
Avg Household Size
39
Median Age
22%
College-Educated
89%
High-School Grad
38.3 sq mi
ZIP Area
1,594
Density / Sq Mi
$75,985
Median Household Income
$42,600
Median Earnings
$1,282
Median Rent
$242,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Functional office workspace with supplemental storage, convenient parking, and access to major regional routes.
Where is this office units located?
The property is located at 189 Christiana Rd New Castle, DE.
What are key features of this property?
This property features: Approximately 1,300 +/- SF professional office suite; Open basement layout provides additional storage space; On‑site parking directly in front of the building
