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    40 Mccullough Dr New Castle, DE 19720

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    For Sale
    Contact for pricing

    21,500 SF Flex Warehouse, Delaware

    Property size:
    21,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 21,500-square-foot industrial building in New Castle, Delaware, offers a unique blend of warehouse and office space, perfect for owner-occupants or investors. Situated on a 3.77-acre lot, this two-story, 1998-constructed building boasts approximately 10,000 square feet of finished office space. Conveniently located in an established business park, it provides easy access to I-95 and the Delaware Memorial Bridge, ensuring seamless connectivity to major transportation arteries. The property features both dock-high and drive-in loading capabilities, enhancing operational efficiency. Designed for maximum energy efficiency, the warehouse utilizes three powerful 5-ton geothermal units, while the office is equipped with brand-new high-efficiency heat pumps. A 50 kW solar array on the rooftop further reduces energy costs and promotes sustainability, resulting in energy consumption approximately 50% lower than comparable structures. The building is zoned I-Industrial and features a 23-foot ceiling height in the warehouse area. This property presents a compelling opportunity for businesses seeking a modern, energy-efficient, and strategically located industrial space in Delaware. The APN is 1001500019. The address is 40 McCullough Dr, New Castle, DE 19720.

    Property Features for 40 Mccullough Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    21,500 SF
    Lot Size
    164,221 SF

    Building Details

    Year Built
    1998
    Buildings
    1
    Stories
    2

    HighLights

    • 21,500 SF industrial building, flex/warehouse space.
    • 1998 construction, single building, two stories.
    • Located at 40 McCullough Dr, New Castle, DE 19720, on a 3.77‑acre lot (APN: 1001500019).
    • I‑Industrial zoning.
    • Features approximately 10,000 SF of office space, dock and drive‑in loading, and 23' ceiling heights.
    Property Profile Location Intelligence

    Current Use by Public Records

    Testing Machines Inc Laboratory Detention Equipment Services ... Business Management Consultant

    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
    -75.568394
    Latitude
    39.690523

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    FAQs

    What type of property is this?
    Distribution property - 21,500 SF Flex Warehouse, Delaware
    Where is this distribution property located?
    The property is located at 40 Mccullough Dr New Castle, DE.
    What are key features of this property?
    This property features: 21,500 SF industrial building, flex/warehouse space.; 1998 construction, single building, two stories.; Located at 40 McCullough Dr, New Castle, DE 19720, on a 3.77-acre lot (APN: 1001500019).
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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
    40 Mccullough Dr New Castle, DE 19720
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