Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    126 Patriot Dr Middletown, DE 19709

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    126 Patriot Dr Middletown, DE 19709

    View on Map
    • Warehouses
    • 17,005 SF
    • 1.71 lot acres
    For Lease
    $1,075,000
    View Listing →
    Flex/Office Space in Middletown, DE For Lease
    $1,075,000

    Flex/Office Space in Middletown, DE

    Premier flex and office space in a growing Delaware market.

    126 Patriot Dr, Middletown, DE 19709
    View Listing
    Property ID
    US17-0020687
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Delaware Glass Services, Inc. / Kitchen & Bath Showroom / Hardware & Home Improvement
    • MiddletownInk / (Bike/Boat/Book/etc) Store / Printing Service

    Property Details for 126 Patriot Dr

    Year built
    2010
    Construction
    CONCRETE
    Lot size
    1.71 lot acres
    Property size
    17,005 SF
    Zone code
    23M-I
    Property type
    Warehouses
    APN
    23-041.00-014
    APU
    2304100014

    Description

    This exceptional Class A industrial property, located at 126 Patriot Drive in Middletown, Delaware (zip code 19709), offers 4,150 square feet of immediately available space within a larger 17,300 square foot building. Built in 2010, this flex space is ideal for businesses requiring a blend of warehouse and office functionality. The property boasts a desirable location within the thriving Middletown submarket of New Castle County. The single-suite building features high ceilings ranging from 20 to 22 feet, providing ample vertical space for storage or specialized equipment. The space is served by robust 200 AMP, 3-phase power, ensuring sufficient capacity for various operational needs. The property's classification as a flex space, warehouse, and distribution facility makes it highly versatile and suitable for a wide range of industrial and logistical businesses. This prime location offers easy access to major transportation routes, making it an attractive option for companies seeking efficient distribution capabilities. The available space presents a unique opportunity to establish or expand operations in a dynamic and growing area of Delaware. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,140,000
      Market price range: $1.14M - $3.36M
      AI Estimate
      $658,000
      Market price range: $658k - $1.95M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    New Castle
    State
    Delaware
    Longitude
    -75.7526
    Latitude
    39.4341
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $8,133
    $74,500
    $146,300
    $220,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $30,460,000
      282,528 SF

      922 Levels Rd

      WAREHOUSE, STORAGE • 282,528 SF
      922 Levels Rd, Middletown, DE 19709-9074
      View Details
    • Value Estimation by Request
      516,600 SF

      560 Merrimac Ave

      WAREHOUSE, STORAGE • 516,600 SF
      560 Merrimac Ave, Middletown, DE 19709-4652
      View Details
    • Value Estimation by Request
      2,000 SF

      Scott St

      WAREHOUSE, STORAGE • 2,000 SF
      Scott St, Middletown, DE 19709
      View Details
    • Value Estimation by Request
      4,000 SF

      7 Wood St

      WAREHOUSE, STORAGE • 4,000 SF
      7 Wood St, Middletown, DE 19709-1048
      View Details
    • Value Estimation by Request
      1 SF

      701 Industrial Dr

      Distribution properties • 1 SF
      701 Industrial Dr, Middletown, DE 19709
      View Details
    • Value Estimation by Request
      3,730 SF

      421 Boyds Cor Rd

      WAREHOUSE, STORAGE • 3,730 SF
      421 Boyds Cor Rd, Middletown, DE 19709-9547
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Approved Medical Building Site

      Approved medical building site for sale or lease.
      336 Brick Mill Rd, Middletown, DE 19709
      View Details
    • Contact for pricing

      Middletown Medical Office Suite

      Medical office suite in well-maintained complex with ample parking.
      118 Sandhill Dr, Middletown, DE 19709
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr

      Middletown Flex Building For Lease

      Flex building with units available for lease in Middletown, DE.
      410 Diamond State Blvd, Middletown, DE 19709
      View Details
    • $14 SF/Yr

      Middletown Flex Space For Lease

      3,137 SF flex space near Route 1 and 301.
      108 Patriot Dr, Middletown, DE 19709
      View Details
    • $13 SF/Yr

      Flex Space Available For Lease

      Flex space with HVAC office, restroom, and mop sink.
      119 Patriot Dr, Middletown, DE 19709
      View Details
    • $4,500 /Mo

      Middletown Industrial Land for Lease

      2.62 acres of industrial land available for lease.
      605 Tower Ln, Middletown, DE 19709
      View Details
    • Contact for pricing
      4,000 SF

      Middletown Manufacturing/Industrial Space Available

      4,000 SF manufacturing/industrial space in Middletown, Delaware for lease.
      108 Sleepy Hollow Dr, Middletown, DE 19709
      View Details
    • Contact for pricing

      Middletown Industrial Space Available

      Industrial and manufacturing spaces for lease in Middletown, Delaware.
      700 N Broad St, Middletown, DE 19709
      View Details
    View Listing
    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.
    126 Patriot Dr
    Middletown, DE 19709
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!