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    399 Churchmans Rd New Castle, DE 19720

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    For Lease
    Contact for pricing

    117,300 SF Refrigerated Warehouse, Delaware

    Lot size:
    107,326 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A industrial property, located at 399 Churchmans Road in New Castle, Delaware (zip code 19720), offers 117,300 square feet of versatile space ideal for refrigerated storage, warehousing, or flex use. Currently vacant, this single-tenant building boasts significant improvements underway. Built in 1983 with expansions in 1991, 1999, and 2009, the property features 12 existing dock doors (expandable to approximately 20), a 26-foot clear height, and a column spacing of approximately 50' x 50'. Ample parking is available, including 139 car parking spaces (4 handicapped accessible) and up to 48 additional trailer spots. The property includes a 3,500 lb. capacity hydraulic elevator and an on-site fuel station. Power is robust, with 1,200 AMP, 480V 3-phase power in the warehouse (additional 600 AMP and 800 AMP, 480V 3-phase power also available). The property is zoned I (Industrial) and its tax parcel number is 10-024.00-84. Benefit from its strategic location near Routes 13 and 273, Interstate I-95, the New Castle County Airport, Amazon's 3.8M SF facility, the Delaware Memorial Bridge (5 miles), and the Port of Wilmington (7 miles). This prime location offers access to a total population of 88,837,130 within an eight-hour drive.

    Property Features for 399 Churchmans Rd

    General Information

    Property type
    Refrigerated & Cold Storages
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    107,326 SF
    Class
    A

    Unit(s) available at that property

    Space
    Size
    107,326 SF

    HighLights

    • 117,300 SF Class A industrial building in New Castle, DE (19720), at 399 Churchmans Road.
    • Currently vacant, single‑tenant building with significant improvements underway.
    • Features 12 dock doors (expandable to 20), 26' clear height, and 50' x 50' column spacing.
    • Ample parking: 139 car spaces (4 handicapped accessible) and up to 48 trailer spaces; 3,500 lb. hydraulic elevator and on‑site fuel station.
    • Robust power: 1,200 AMP, 480V 3‑phase power (additional 600 AMP and 800 AMP available). I (Industrial) zoning; Tax Parcel 10‑024.00‑84.
    • Excellent location near major transportation arteries (Routes 13 & 273, I‑95), New Castle County Airport, Amazon facility, Delaware Memorial Bridge, and Port of Wilmington.
    Property Profile Location Intelligence

    Current Use by Public Records

    NKS Distributors Beer Distributor

    Suggested Use

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

    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
    -75.6177172
    Latitude
    39.6708069

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - 117,300 SF Refrigerated Warehouse, Delaware
    Where is this refrigerated / cold storage located?
    The property is located at 399 Churchmans Rd New Castle, DE.
    What are key features of this property?
    This property features: 117,300 SF Class A industrial building in New Castle, DE (19720), at 399 Churchmans Road.; Currently vacant, single-tenant building with significant improvements underway.; Features 12 dock doors (expandable to 20), 26' clear height, and 50' x 50' column spacing.
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    399 Churchmans Rd 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
    399 Churchmans Rd New Castle, DE 19720
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