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Property profile & analytics
FOR LEASE
Warehouses

40 Mccullough Dr New Castle, DE 19720

10,260 SF 3.77 ac lot Built 1998
Individually Owned Absentee Owner Free & Clear
Property ID
US17-0219495
Property summary
AI-generated overview

This exceptional 21,000-square-foot warehouse in New Castle, Delaware, presents a unique investment opportunity. Built in 1998, the single-building property sits on a 3.77-acre lot and is zoned for industrial use. The warehouse boasts a 24-foot clear height and a convenient drive-in dock, enhancing operational efficiency. Currently configured as ISO 17025 Accredited Lab Space, the property offers the flexibility to maintain its existing lab setup or be easily converted back to standard warehouse use, catering to a diverse range of business needs. Multiple tenants are currently occupying the space. Its strategic location provides unparalleled accessibility, situated minutes from major transportation arteries including I-95, I-295, Route 13, and Route 141, ensuring seamless commutes for employees and clients. Ample parking is available on-site for added convenience. This property is located in New Castle County, Delaware, with the address being 40 McCullough Drive, zip code 19720. The entire 21,000 square feet is available. This versatile space offers a compelling combination of location, functionality, and adaptability, making it an ideal choice for businesses seeking a prime industrial location in Delaware.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1998
Construction CONCRETE
Total area 10,260 SF
Lot 3.77 ac (164,221 SF)
Zoning code I
APN 10-015.00-019
UPID US17-0219495
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
  • Testing Machines Inc Laboratory
  • Detention Equipment Services Inc Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.23M
Comparable Approach Comparable
$985k
Blend (final) Blend
$1.18M
Owner & transaction history
Delaware Electrical Training Allian
Delaware Electrical Training Allian
since 2026
6 recorded transactions
2026
Price N/A
2019
Price N/A
2010
$1.4M
1997
$377,800
1969
Price N/A
1969
Price N/A
Zoning & alternative use
I · New Castle, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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