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

    245 Quigley Blvd New Castle, DE 19720

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Move-in ready flex/warehouse and office spaces available for rent.

    Property Features for 245 Quigley Blvd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    David Morrison
    David Morrison
    Source: Crexi

    Listing Agency: NAI Emory Hill Real Estate Services, Inc. Listing Agent: David Morrison

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

    Learn more

    Overview

    Flex/Warehouse and Office Spaces

    Airport Business Center & Industrial Park offers move-in ready flex/warehouse and office spaces. Warehouse spaces feature heavy electric, high ceilings, wet sprinklers, and security systems. The park is strategically located in New Castle, Delaware, providing efficient logistics and accessibility. It is conveniently located near major highways, including I-95, Route 1, Route 273, Route 13, and Route 141. Unit 245 G/H offers approximately 6,720 square feet of negotiable storage space, including 1 drive-in door and 17 feet to joists. This unit will be available starting July 31, 2025.
    Location Intelligence

    Current Use by Public Records

    NeoAllyPets (Bike/Boat/Book/etc) Store Nova Water Treatment Plant haughton enterprises (Bike/Boat/Book/etc) Store Liberty Fellowship Church xtreme liquid Big Box & Wholesale Store

    Suggested Use

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

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

    Similar Places Nearby

    Finger Lickinn Food

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    New Castle
    State
    Delaware
    Longitude
    -75.6019872
    Latitude
    39.6603062

    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
    • $15,000 /Mo

      Versatile Commercial Space For Lease

      24,000 sq ft commercial space suitable for retail/warehouse/entertainment.
      791 S Dupont Hwy, New Castle, DE 19720
      View Details
    • $10 SF/Yr

      New Castle Warehouse Distribution Space

      Industrial/warehouse space near major highways with fenced parking.
      3020 Bowlarama Dr, New Castle, DE 19720
      View Details
    • $18 SF/Yr

      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
    • Contact for pricing
      125,500 SF

      Warehouse Sublease Near Airport

      125,500 SF warehouse sublease with office and potential refrigeration space.
      411 Churchmans Road Ext, New Castle, DE 19720
      View Details
    • Contact for pricing
      10,094 SF

      Industrial Flex Space For Rent

      10,094 SF flex space available for rent.
      34 Blevins Dr, New Castle, DE 19720
      View Details
    • $14 SF/Yr

      Flex, Office, and Retail Spaces

      Flex warehouse, office, and retail spaces available for lease.
      22 Parkway Cir, New Castle, DE 19720
      View Details
    • $12 SF/Yr

      Flex Warehouse Space Available

      Move-in ready flex/warehouse with heavy electric and high ceilings.
      259 Quigley Blvd, 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
    • $10 SF/Yr

      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
      21,000 SF

      Grocery Anchored Shopping Center Redevelopment

      Retail opportunity in redeveloped shopping center near I-295.
      2044 New Castle Ave, New Castle, DE 19720
      View Details
    • $13 SF/Yr
      10,201 SF

      Flex Space on Christiana Road

      5,000 SF flex space with fenced yard, ample parking.
      65 Christiana Rd, New Castle, DE 19720
      View Details

    FAQs

    What type of property is this?
    Flex space - Move-in ready flex/warehouse and office spaces available for rent.
    Where is this flex space located?
    The property is located at 245 Quigley Blvd New Castle, DE.
    What are key features of this property?
    This property features: - Strategic location near major highways (I-95, Route 1, Route 273, Route 13, and Route 141) for efficient logistics and accessibility.; - Move-in ready flex/warehouse and office spaces available.; - Warehouse spaces equipped with heavy electric, high ceilings, wet sprinklers, and security systems.
    Request Owner's contact information
    245 Quigley Blvd 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.
    245 Quigley Blvd
    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
    245 Quigley Blvd 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!
    Listing Contact
    David Morrison
    David Morrison
    Real Estate License ID: RA-0020246
    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!