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    62 Southgate Blvd New Castle, DE 19720

    Sponsored
    For Lease
    $12 SF/Yr ($13,200 /Mo)

    13,200 SF Flex Space, Delaware

    Lot size:
    13,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This single-tenant industrial property at 62 Southgate Blvd, New Castle, DE 19720, offers 13,200 square feet of versatile flex space. Built in 1983, this one-story masonry building features one drive-in door and is situated within the Swanwyck Gardens Industrial park. The property consists of four separate warehouse units, each approximately 3,300 square feet, with an attached 1,000 square foot office space. Each unit boasts two 10-foot overhead drive-in doors and is individually metered for utilities. Recent renovations include new roofs on all units. The convenient location provides easy access to I-295 and Route 13, offering excellent connectivity to the entire Northeast corridor. The property's proximity to the Delaware-New Jersey border, New Castle Airport, and various retailers enhances its appeal and logistical advantages. The property is zoned Industrial (I) and is ideal for a variety of businesses seeking a functional and well-located industrial space. The building is not equipped with elevators.

    Property Features for 62 Southgate Blvd

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,200 SF
    Total Rate
    13200

    Building Details

    Year Built
    1983
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    1,200 SF
    Rate per SF
    $12

    HighLights

    • 13,200 SF flex space in New Castle, DE.
    • Single‑story masonry building with one drive‑in door, built in 1983.
    • Four 3,300 SF warehouse units, each with 1,000 SF of office space and two 10' overhead doors.
    • Individually metered utilities and recently renovated roofs.
    • Excellent access to I‑295 and Route 13, near Delaware‑New Jersey border and New Castle Airport.
    • Industrially zoned (I).
    Property Profile Location Intelligence

    Current Use by Public Records

    Cooper Brothers Inc Plumber Midatlantic Scientific Services ... Laboratory Equipment Supplier ZIC9TOP.com Delivery Service Prophetic of Truth Outreach Church Cargo Model Shipping Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5721079
    Latitude
    39.6925096

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    FAQs

    What type of property is this?
    Flex space - 13,200 SF Flex Space, Delaware
    Where is this flex space located?
    The property is located at 62 Southgate Blvd New Castle, DE.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 13,200 SF flex space in New Castle, DE.; Single-story masonry building with one drive-in door, built in 1983.; Four 3,300 SF warehouse units, each with 1,000 SF of office space and two 10' overhead doors.
    Request Owner's contact information
    62 Southgate Blvd New Castle, DE 19720
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    New Castle, DE 19720
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    62 Southgate Blvd New Castle, DE 19720
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