Sign Up Successful!
You now have access to more from Realmo!
    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

    350 Lafferty Ln Dover, DE 19901

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $13 SF/Yr

    Modern Warehouse, Flexible Space Available

    Lot size:
    54,000 SF

    Property Features for 350 Lafferty Ln

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    54,000 SF
    Class
    A
    Total Rate
    58500

    Building Details

    Year Built
    2025
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 350 Lafferty Ln, Dover, DE 19901 Contact us
    Unit Available Space 1

    $13 /Mo

    Size
    54,000 SF
    Contact us

    We can help!

    Listing Contact
    Bret Davis
    Bret Davis

    Listing Agency: KW Commercial Ocean City Listing Agent: Bret Davis

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

    Learn more

    Overview

    This exceptional Class A industrial warehouse, located at 350 Lafferty Ln, Dover, DE 19901, offers 54,000 square feet of flexible space, divisible in 3,000-square-foot increments. Situated on a 19.74-acre lot in Kent County, this single-story, 2025-built facility boasts a 25-foot eave height and 30-foot peak, providing ample vertical clearance. The pre-engineered metal building features a 120-foot by 450-foot free span, allowing for customizable layouts. Five loading docks and five drive-in doors ensure efficient loading and unloading. Modern amenities include city water and sewer, natural gas, industrial-grade electric, fiber internet access to each unit, a fire sprinkler system, and spray foam insulation for optimal energy efficiency. Each divisible unit (approximately 25' wide x 120' deep) includes a storefront entrance and rear dock doors. The property is zoned M and offers ample parking for 50+ vehicles. This prime location provides easy access to major transportation routes, making it an ideal choice for distribution and warehousing operations. Contact us today to learn more about this exceptional opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dover
    County
    Kent
    State
    Delaware
    Longitude
    -75.4913896
    Latitude
    39.148358

    Nearby Similar for Lease

    • $1,300 /Mo

      Dover Office Space For Lease

      Commercial space with private offices and convenient parking in Dover.
      383 W North St, Dover, DE 19904
      View Details
    • $5,046 /Mo
      65,340 SF

      Professional Office Space Available

      Professional office space for lease in Dover, Delaware.
      230 Beiser Blvd Unit, Dover, DE 19904
      View Details
    • $750 /Mo
      100,188 SF

      Office Space with Highway Exposure

      Office space for lease with major highway exposure and ample parking.
      1325 S State St, Dover, DE 19901
      View Details
    • $700 /Mo

      Office Space in Dover, DE

      Office space available near Rodney Village, close to major routes.
      2089 Dupont St, Dover, DE 19901
      View Details
    • $975 /Mo

      Dover Office Space For Lease

      Office space available near Rodney Village, close to major routes.
      2089 S Dupont Hwy, Dover, DE 19901
      View Details
    • $10,400 /Mo

      Professional Office Complex For Lease

      Professional office complex in the heart of Kent County, Delaware.
      110 Lakeland Ave, Dover, DE 19901
      View Details
    • Contact for pricing
      10,000 SF

      Dover Office and Retail Space

      Office and retail spaces available near Dover Air Force Base.
      631 S Bay Rd, Dover, DE 19901
      View Details
    • $19 SF/Yr
      1,710 SF

      Dover Executive Office Suite

      Prime Dover Office, 1710 sq ft
      905 Governors Ave, Dover, DE 19904
      View Details
    • Contact for pricing
      185,000 SF

      Dover Retail Supercenter Opportunity

      High-traffic retail space near Walmart.
      0 Jerome Dr & Rte 13, Dover, DE 19901
      View Details
    • Contact for pricing
      2,963 SF

      Dover Retail Center Investment Opportunity

      High-visibility Dover retail space available.
      194 John Hunn Brown Rd, Dover, DE 19901
      View Details
    • $1,800 /Mo

      Versatile Barn for Rent

      4,800 SF barn with dock doors and office.
      2487 Bayside Dr, Dover, DE 19901
      View Details
    • Contact for pricing
      12,800 SF

      Retail and Office Development

      Retail and office spaces for lease in Dover, DE.
      201 Towne Ctr Dr, Dover, DE
      View Details

    FAQs

    What type of property is this?
    Distribution property - Modern Warehouse, Flexible Space Available
    Where is this distribution property located?
    The property is located at 350 Lafferty Ln Dover, DE.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    Request Owner's contact information
    350 Lafferty Ln Dover, DE 19901
    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.
    350 Lafferty Ln
    Dover, DE 19901
    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
    350 Lafferty Ln Dover, DE 19901
    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
    Bret Davis
    Bret Davis
    Real Estate License ID: 645420
    Learn more
    Google sign-in failed. Please try again or use another login method.