Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    210 Carroll Dr New Castle, DE 19720

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    9,960 SF Flex Warehouse, New Construction

    Lot size:
    9,960 SF

    Property Features for 210 Carroll Dr

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,960 SF
    Class
    A
    Total Rate
    10790

    Building Details

    Year Built
    2023
    Buildings
    1

    Spaces For Lease

    at 210 Carroll Dr, New Castle, DE 19720 Contact us
    Unit

    $13 /Mo

    Size
    9,960 SF
    Contact us

    We can help!

    Listing Contact
    Tony Medori
    Tony Medori

    Listing Agency: Medori Commercial Realty LLC Listing Agent: Tony Medori

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 9,960-square-foot industrial flex space, built in 2023, presents a remarkable opportunity for businesses seeking a modern and efficient facility in New Castle, Delaware. The single-tenant building boasts a Class A designation and is situated in a Heavy Industrial (HI) zoned area, providing ample flexibility for various operations. The high 20-foot ceilings maximize storage and operational space, complemented by two loading docks and four convenient drive-in doors for easy access and material handling. Ten or more parking spaces are available, ensuring ample room for employees and visitors. The property features bright LED lighting for energy efficiency and a modern gas heating system for optimal climate control. Two bathrooms are included for employee convenience. Its strategic location offers excellent access to major transportation arteries, including Routes 141 and 202, as well as Interstates 95, 495, and 295, facilitating seamless logistics and distribution. The building's new construction ensures modern amenities and optimal functionality, making it an ideal choice for businesses seeking a prime industrial location in Delaware. Three-phase power is available, catering to businesses with significant power requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

    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
    -75.5944732
    Latitude
    39.651379

    Nearby Similar for Lease

    • $15,000 /Mo
      109,771 SF

      Versatile Commercial Space in NEW CASTLE

      24,000 sq ft retail, warehouse, or entertainment space available.
      791 S Dupont Hwy, New Castle, DE 19720
      View Details
    • $14 SF/Yr
      20,000 SF

      Flex, Office, and Retail Spaces

      Flex warehouse, office, and retail spaces available for lease.
      22 Parkway Cir, New Castle, DE 19720
      View Details
    • Contact for pricing
      10,094 SF

      Industrial Flex Space Available

      10,094 SF flex space with office in Airport Industrial Park.
      34 Blevins Dr, New Castle, DE 19720
      View Details
    • $18 SF/Yr
      43,000 SF

      Single-Story Flex Office Building

      43,000 SF flex office with expansion potential on 11.49 acres.
      118 Lukens Dr, New Castle, DE 19720
      View Details
    • $1,200 /Mo
      500 SF

      Retail Space in Wilmington, DE

      Retail space available in Wilmington, Delaware, with high visibility.
      Wilmington Ave, New Castle, DE 19805
      View Details
    • Contact for pricing
      2,216 SF

      Office Space Available For Rent

      Office space for rent, available November 1, 2023.
      40-44 Reads Way, New Castle, DE 19720
      View Details
    • Contact for pricing
      68,073 SF

      Furnished Office Space Available

      Single-story, fully furnished office space for sublease.
      82-94 Christiana Rd, New Castle, DE 19720
      View Details
    • Contact for pricing
      4,417 SF

      Office Space For Rent

      Office space available for lease with parking and signage.
      19 Commons Blvd, New Castle, DE 19720
      View Details
    • Contact for pricing
      7,870 SF

      Office Space with Free Parking

      Office space available in two buildings with abundant free parking.
      910-920 W Basin Rd, New Castle, DE 19720
      View Details
    • $11 SF/Yr
      3,080 SF

      New Castle Warehouse Space Available

      Warehouse space featuring one loading dock and restroom.
      88-120 Quigley Blvd, New Castle, DE 19720
      View Details
    • $10 SF/Yr
      7,700 SF

      New Castle Warehouse Distribution Space

      7,500 SF warehouse space with fenced parking in New Castle.
      3020 Bowlarama Dr, New Castle, DE 19720
      View Details
    • Contact for pricing
      5,400 SF

      Freestanding Retail Building For Lease

      Freestanding retail building with access from multiple streets.
      800 N Dupont Hwy, New Castle, DE 19720
      View Details

    FAQs

    What type of property is this?
    Distribution property - 9,960 SF Flex Warehouse, New Construction
    Where is this distribution property located?
    The property is located at 210 Carroll Dr New Castle, DE.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: 9,960 SF Class A industrial flex/warehouse space available for lease in New Castle, DE.; Single-tenant occupancy.; Building features 2 loading docks, 4 drive-in doors, and 2 bathrooms.
    Request Owner's contact information
    210 Carroll Dr New Castle, DE 19720
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    210 Carroll Dr
    New Castle, DE 19720
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    210 Carroll Dr New Castle, DE 19720
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tony Medori
    Tony Medori
    Real Estate License ID: RB-0020273
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!