Technical
Financial
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Property profile

361 Lisa Dr New Castle, DE 19720

FOR LEASE
Commercial land
Property ID
US17-0268724
23.61 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A industrial property, located at 361 Lisa Drive in New Castle, Delaware, presents a unique investment opportunity. The expansive 125,000 square foot warehouse sits on a substantial 23-acre lot, offering significant potential for various industrial uses. The property boasts a 40-foot ceiling height, providing ample vertical space for storage and operations. Access is enhanced by 32 loading docks and 2 drive-in doors, ensuring efficient loading and unloading. Ample parking is available with 144 spaces. The property is zoned "I" Industrial, allowing for a wide range of industrial activities. The building is currently vacant, presenting a blank canvas for a build-to-suit project or a ground lease opportunity. Conveniently located near Route 13 in New Castle County, Delaware, this property offers excellent access to major transportation routes. The property's size and features make it ideal for large-scale distribution, manufacturing, or warehousing operations. This is a rare opportunity to acquire a significant industrial asset in a prime location. The property is situated in New Castle, DE, zip code 19720. Multiple tenants are possible.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 23.61 ac (1,028,452 SF)
Zoning code I
APN 10-030.00-093
UPID US17-0268724

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

361 Lisa Dr New Castle, DE 19720
New Castle metro Census 16309 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
2021
Price N/A
2005
$10
1969
Price N/A

Zoning & alternative use

I · New Castle, DE
Zoning description

may be utilized in a manner consistent with their prior Industrial (I) or Service Commercial (SC) zoning classification. No new structures shall be erected, and no existing structures expanded, except for uses permitted…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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