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Property profile & analytics
FOR LEASE
Warehouses

3 Mccullough Dr New Castle, DE 19720

12,000 SF 2 ac lot Built 1988
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US17-0264242
Property summary
AI-generated overview

This exceptional 27,313-square-foot industrial warehouse is situated on two acres of land within New Castle's Southgate Industrial Park. The single-tenant building offers a highly functional layout, ideal for distribution or warehousing operations. Features include a 21'10" ceiling height, providing ample vertical storage space. Access is facilitated by two drive-in doors (measuring 18'w x 14'h and 16'w x 14'h), one at the front and one through a fenced yard, plus one dock-high door. The yard also includes an exposed loading platform. The property further benefits from approximately 1,600 square feet of office space and an adjacent 800-square-foot shop area, providing versatile workspace options. The building is equipped with 3-phase, 400A, 220V electrical service, ensuring sufficient power for various industrial needs. This property presents a rare opportunity to acquire a well-maintained, strategically located industrial space in a thriving Delaware market. The combination of size, features, and location makes this an attractive option for businesses seeking efficient and functional warehouse space in New Castle County. The property is completely vacant and ready for immediate occupancy.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1988
Construction CONCRETE
Total area 12,000 SF
Lot 2 ac (87,120 SF)
Zoning code I
APN 10-014.00-038
UPID US17-0264242
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • FBM (Foundation Building Materials) Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.57M
CAP Approach CAP
$1.44M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.45M
Owner & transaction history
Rn Holding Co · 5 yrs held
Rn Holding Co
since 2021
Last sale
$1.3M
3 recorded transactions
2021
Price N/A
2021
$1.3M
2004
$10
Zoning & alternative use
I · New Castle, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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