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    40 Mccullough Dr New Castle, DE 19720

    For Lease
    $11 SF/Yr ($19,250 /Mo)

    21,000 SF Warehouse, I-95 Access

    Lot size:
    21,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 21,000-square-foot warehouse in New Castle, Delaware, presents a unique investment opportunity. Built in 1998, the single-building property sits on a 3.77-acre lot and is zoned for industrial use. The warehouse boasts a 24-foot clear height and a convenient drive-in dock, enhancing operational efficiency. Currently configured as ISO 17025 Accredited Lab Space, the property offers the flexibility to maintain its existing lab setup or be easily converted back to standard warehouse use, catering to a diverse range of business needs. Multiple tenants are currently occupying the space. Its strategic location provides unparalleled accessibility, situated minutes from major transportation arteries including I-95, I-295, Route 13, and Route 141, ensuring seamless commutes for employees and clients. Ample parking is available on-site for added convenience. This property is located in New Castle County, Delaware, with the address being 40 McCullough Drive, zip code 19720. The entire 21,000 square feet is available. This versatile space offers a compelling combination of location, functionality, and adaptability, making it an ideal choice for businesses seeking a prime industrial location in Delaware.

    Property Features for 40 Mccullough Dr

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,000 SF
    Total Rate
    19250

    Building Details

    Year Built
    1998
    Buildings
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    21,000 SF
    Rate per SF
    $11

    HighLights

    • State‑of‑the‑art lab space, fully equipped and accredited.
    • Adaptable layout easily converts from lab to warehouse use.
    • High‑capacity power: 240V/200 AMP power supply.
    • Existing office space available.
    • Convenient loading with one dock‑high and one drive‑in door.
    • Available for immediate showing, January 2025 occupancy.
    Property Profile Insight Report 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
    -75.568720091875
    Latitude
    39.691059640275

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    FAQs

    What type of property is this?
    Distribution property - 21,000 SF Warehouse, I-95 Access
    Where is this distribution property located?
    The property is located at 40 Mccullough Dr New Castle, DE.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: State-of-the-art lab space, fully equipped and accredited.; Adaptable layout easily converts from lab to warehouse use.; High-capacity power: 240V/200 AMP power supply.
    Request Owner's contact information
    40 Mccullough Dr 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
    40 Mccullough Dr New Castle, DE 19720
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