Industrial Flex
For Sale
Contact for pricing
307 Ruthar Drive, Newark, DE 19711
Flexible industrial and office improvements on a 4.19-acre site with access to major regional routes.
Property Size25,000 SF
Lot Size4.19 Acres
Price / SF$170
Days on Market104
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Property Features for 307 Ruthar Drive
General Information
Standard status
Active
Size
25,000 SF
Lot size
4.19 Acres
Property subtype
Industrial
Zoning
I (Industrial)
Listing Agency:
DSM Commercial
Listed By:
Andy Fox · License #DE 0020144
(302) 229-1304
Source:
Crexi
Added: Jul 4
Changed: Oct 9
Last Checked: Oct 14 at 10:20PM
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 DSM Commercial
Investment Insights
Based on property information with market context.
This flex space property includes a 25,000-square-foot industrial and office facility on 4.19 acres. The combination of industrial and office improvements supports a range of operational configurations, including owner-user, distribution, service, and investment applications identified for the property.
Regional access includes proximity to I-95, Route 273, and Route 40, with connectivity across New Castle County and the greater Philadelphia region. The property is also near the University of Delaware and is located within a business park containing industrial, flex, office, and commercial users.
Regional access includes proximity to I-95, Route 273, and Route 40, with connectivity across New Castle County and the greater Philadelphia region. The property is also near the University of Delaware and is located within a business park containing industrial, flex, office, and commercial users.
Key Highlights
- 25,000 SF industrial and office facility
- 4.19‑acre property
- Flex configuration supports industrial and office operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$340,515
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,810,300
$6.8M
Cap Rate 7%
$4,864,500
$4.9M
Cap Rate 9%
$3,783,500
$3.8M
Market Conditions
NOI Build-Up for 25,000 SF
Gross rent
$564.0K $22.56/SF
− Vacancy
−$110.0K −$4.40/SF
EGI
$454.0K $18.16/SF
− OpEx
−$113.5K −$4.54/SF
NOI
$340.5K $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%
$6,810,300
Cap Rate 7%
$4,864,500
Cap Rate 9%
$3,783,500
Alternative Uses
Best Use
Office B
$4.86M
$4.26M – $5.68M
NOI $340,515 @ 7.0% cap · market cap 8.01%
Second Best
Flex RnD
$3.39M
$2.97M – $3.96M
NOI $237,305 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$5.98M
$5.23M – $6.98M
NOI $418,584 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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
Frequently Asked Questions
What type of property is this?
Flex space - Flexible industrial and office improvements on a 4.19-acre site with access to major regional routes.
Where is this flex space located?
The property is located at 307 Ruthar Drive Newark, DE.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 25,000 SF industrial and office facility; 4.19‑acre property; Flex configuration supports industrial and office operations
