Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Laboratory Furniture Design Sales Supply & Installation Bayview Bayview Manor, DE 19720
    Property profile & analytics

    Laboratory Furniture Design Sales Supply & Installation Bayview, Bayview Manor, DE 19720

    View on Map
    • Warehouses
    • 6,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 0 Laboratory Furniture Design Sales Supply & Installation Bayview

    Year built
    1983
    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This 6,000-square-foot warehouse, built in 1983, is located in Bayview Manor, New Castle County, Delaware, and is offered at $2,500,000. The property is classified as both retail and industrial, making it suitable for a variety of uses. The building's previous occupant specialized in the design, sales, supply, and installation of high-quality laboratory furniture and fixtures, serving a prestigious clientele including Pfizer, DuPont, Glaxo, Merck, and prominent academic institutions. The business provided comprehensive project support, from initial space planning and CAD engineering services through construction and final walkthroughs for both new construction and renovations. Their services included laboratory planning and layout design, a full range of computer-assisted design and drafting, and experienced installation crews ensuring seamless project completion. The company also offered green initiatives, utilizing products meeting LEED standards and federal energy conservation recommendations, as well as fume hood repair, testing, and maintenance programs, including rebuilding, preventive maintenance plans, and hood enhancement programs. The property's location in New Castle, DE (zip code 19720) offers excellent access to major transportation routes and a skilled workforce. This versatile space presents a unique opportunity for an investor or business seeking a well-located, established facility with a history of serving high-profile clients. The property's adaptable nature allows for a range of potential uses beyond its previous function.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bayview Manor
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5975
    Latitude
    39.6318

    Comparable in this City

    • Value Estimation by Request
      9,960 SF

      210 Carroll Dr

      Distribution properties
      210 Carroll Dr, New Castle, DE 19720
      View Details
    • Value Estimation by Request
      39,941 SF

      256 Quigley Blvd

      Life science properties
      256 Quigley Blvd, New Castle, DE 19720
      View Details
    • Value Estimation by Request
      27,600 SF

      70 J Caldwell Ln

      Distribution properties
      70 J Caldwell Ln, New Castle, DE 19720
      View Details
    • Value Estimation by Request

      620 Centerpoint Blvd

      Distribution properties
      620 Centerpoint Blvd, New Castle, DE 19720
      View Details
    • Value Estimation by Request

      Christiana Rd

      Distribution properties
      0 Christiana Rd, New Castle, DE 19720
      View Details
    • Value Estimation by Request
      2,533 SF

      708 Grantham Ln

      Distribution properties
      708 Grantham Ln, New Castle, DE 19720
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Building Near Major Interstates

      Well-located industrial building with highway access and recent upgrades.
      12 Mccullough Dr, New Castle, DE 19720
      View Details
    • Contact for pricing

      Flex Warehouse Space Available

      Move-in ready flex-warehouse with heavy electric and high ceilings.
      243 Quigley Blvd, New Castle, DE 19720
      View Details
    • Contact for pricing

      New Castle Flex/Warehouse Space

      Move-in ready flex/warehouse with heavy electric and high ceilings.
      245 Quigley Blvd, New Castle, DE 19720
      View Details
    • Contact for pricing

      Prime Commercial Land on Dupont Highway

      High-traffic commercial land for ground lease near I-295.
      1560 N Dupont Hwy, Manor, DE 19720
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      2,500 SF

      New Castle Warehouse - 2,500 SF

      Delaware industrial warehouse for lease. Excellent location & access.
      19 Davidson Ln, New Castle, DE 19720
      View Details
    • $11 SF/Yr
      21,000 SF

      Delaware Industrial Warehouse - New Castle

      21,000 SF Warehouse, I-95 Access
      40 Mccullough Dr, New Castle, DE 19720
      View Details
    • Contact for pricing
      114,555 SF

      Industrial Warehouse Space Available

      119,893 SF industrial space near major transportation routes.
      399 Churchmans Road Ext, New Castle, DE 19720
      View Details
    • Contact for pricing
      43,200 SF

      Industrial Space with High Ceiling

      43,200 SF industrial space featuring 36' clear height.
      250 Anchor Mill Rd, New Castle, DE 19720
      View Details
    • Contact for pricing
      225,680 SF

      New Castle County Warehouse Space

      Warehouse space with access to major transportation routes and labor.
      313 Churchmans Rd, New Castle, DE 19720
      View Details
    • Contact for pricing
      807,240 SF

      New Castle Warehouse Space

      807,240 square feet of warehouse and distribution space available.
      30 Old Churchmans Rd, New Castle, DE 19720
      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.
    Laboratory Furniture Design Sales Supply & Installation Bayview
    Bayview Manor, 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
    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
    Laboratory Furniture Design Sales Supply & Installation Bayview, Bayview Manor, DE, 19720
    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!