Industrial Flex
For Sale
Contact for pricing
307 Ruthar Dr, 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 Market61
Property Features for 307 Ruthar Dr
General Information
Standard status
Active
Size
25,000 SF
Lot size
4.19 Acres
Property subtype
INDUSTRIAL
Listing Agency:
DSM Commercial
(302) 229-1304
Listed By:
Andy Fox · License #0020144
(302) 229-1304
Source:
Moodyscre
Added: Jul 2
Changed: Aug 29
Last Checked: Aug 31 at 12:08AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$340,515
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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 Dr 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
