Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    350 Lafferty Ln Dover, DE 19901
    Back to Search
    Property profile & analytics

    350 Lafferty Ln, Dover, DE 19901

    View on Map
    • Warehouses
    • 54,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 350 Lafferty Ln

    Year built
    2025
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dover
    County
    Kent
    State
    Delaware
    Longitude
    -75.4914
    Latitude
    39.1484

    Comparable in this City

    • Value Estimation by Request
      7,500 SF

      131 Rosemary Rd

      Refrigerated & Cold Storage
      131 Rosemary Rd, Dover, DE 19901
      View Details
    • Value Estimation by Request
      10,000 SF

      131 Rosemary Rd

      Distribution properties
      131 Rosemary Rd, Dover, DE 19901
      View Details
    • Value Estimation by Request
      17,500 SF

      110 Lafferty Ln

      Refrigerated & Cold Storage
      110 Lafferty Ln, Dover, DE 19901
      View Details
    • Value Estimation by Request
      15,000 SF

      1600 Little Creek Rd

      Distribution properties
      1600 Little Creek Rd, Dover, DE 19901
      View Details
    • Value Estimation by Request
      3,600 SF

      100 Carlsons Way

      Distribution properties
      100 Carlsons Way, Dover, DE 19901
      View Details
    • Value Estimation by Request
      19,100 SF

      1284 Mcd Dr

      Distribution properties
      1284 Mcd Dr, Dover, DE 19901
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Kent County Land Opportunity

      11.5 acres in Kent County, near Route 1 exit.
      1600 N Little Creek Rd, Dover, DE 19901
      View Details
    • Contact for pricing
      Pending

      Versatile Commercial Property on Dupont Highway

      Warehouse, retail, and office space with highway frontage.
      5298 S Dupont Hwy, Dover, DE 19901
      View Details
    • $1,100,000

      Retail/Flex Property on Route 13

      Highly visible retail/flex property with showroom, office, and warehouse space.
      3895 N Dupont Hwy, Dover, DE 19901
      View Details
    • Contact for pricing
      19.74 Acres

      Dover Industrial Flex Space

      19.74-acre lot, flexible office/warehouse space.
      350 Lafferty Ln, Dover, DE 19901
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      15,000 SF

      Dover Warehouse: 15,000 SF

      Single-tenant industrial warehouse in Dover, DE.
      1600 Little Creek 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

      Dover Flex Warehouse For Lease

      Recently constructed flex warehouse in Dover, DE available for lease.
      131 Rosemary Rd, Dover, DE 19901
      View Details
    Request Owner's contact information
    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
    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

    Thank You for Inquiry
    350 Lafferty Ln, Dover, DE, 19901
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!