Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET Estimated value $630,000
    Retail space

    308 Basin Rd, New Castle, DE 19720-6406

    3,000 SF 2.13 ac lot Built 1973
    Entity Owned 8-yr Hold Free & Clear
    Property ID
    US17-0489798
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 310-312 W Basin RD in New Castle, DE, offers a highly desirable location with easy access to major transportation arteries including Route 13, I-95, I-295, I-495, and Route 1. The property consists of a single-story, 7,500 square foot building constructed in 1973, with the possibility of subdividing into 2,500 square foot units. The building features updated office/showroom space, enhancing its versatility for a variety of businesses. Practical features include two 10'x14' drive-in bay doors, providing convenient loading and unloading capabilities. The property benefits from three-phase power, ensuring sufficient electrical capacity for industrial operations. Built with durable masonry construction, the building is well-maintained and ready for immediate occupancy. With ample parking (50+ spaces), tenant and visitor parking is never a concern. The property sits on 2.13 acres of land and is zoned for industrial use, making it an ideal location for a range of businesses. Its strategic location in northern New Castle County provides easy transportation routes to all access points within the county. This is a rare opportunity to secure a well-located, versatile industrial space with excellent access to major transportation networks.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1973
    Construction CONCRETE
    Total area 3,000 SF
    Lot 2.13 ac (92,783 SF)
    Zoning code I
    APN 10-019.10-293
    UPID US17-0489798
    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
    • Connecticut Metallurgical Industrial Manufacturer Production Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $390k
    CAP Approach CAP
    $445k
    Comparable Approach Comparable
    $681k
    Blend (final) Blend
    $630k
    Owner & transaction history
    Basin Road I LLC · 8 yrs held
    Basin Road I LLC
    since 2017
    2 recorded transactions
    2017
    2004
    $1
    Zoning & alternative use
    I · New Castle, DE
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $840,000 +22.4%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 308 Basin Rd?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    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