Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    77 Mccullough Dr New Castle, DE 19720-2089

    Property Lookup

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

    77 Mccullough Dr New Castle, DE 19720-2089

    View on Map
    • Warehouses
    • 63,753 SF
    • 6.35 lot acres
    Off-Market
    Property ID
    US17-0196643
    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
    $4,250,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sheepskin Gifts / (Bike/Boat/Book/etc) Store
    • Kaeser Compressors, Inc. / Production Facility / Construction Company
    • Waterlogic USA / Big Box & Wholesale Store
    • RiverCross Fellowship / Church
    • Tour Duty Case Co / Industrial Manufacturer / Production Facility

    Property Details for 77 Mccullough Dr

    Year built
    1990
    Construction
    CONCRETE
    Lot size
    6.35 lot acres
    Property size
    63,753 SF
    Zone code
    I
    Property type
    Warehouses
    APN
    10-015.00-014
    APU
    1001500014

    Description

    This exceptional New Castle, Delaware industrial property at 77 McCullough Drive offers a 4,900 square foot warehouse space for lease. The building, constructed in 1990, sits on a 6.35-acre lot and boasts a total of 63,700 square feet, divided into two suites. Currently, 9,800 square feet is available, offering a minimum divisible space of 4,900 square feet with a maximum contiguous space of 4,900 square feet. The warehouse features a 20-foot ceiling height, enhancing storage and operational efficiency. Loading is facilitated by one loading dock and one drive-in door. Ample parking is provided with 100 spaces available. The property is zoned for industrial use and has a 200-amp power supply. The property's APN is 10-015.00-014. While the building is primarily warehouse space, it also includes office areas. These office spaces offer a blend of private offices, open work areas, a breakroom, and two restrooms. The warehouse itself benefits from energy-efficient LED lighting. This property presents a unique opportunity for businesses seeking a versatile and well-equipped industrial space in a convenient Delaware location. The zip code is 19720.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5679
    Latitude
    39.6933
    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
    $39,731
    $279,400
    $912,000
    $1,191,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      9,960 SF

      210 Carroll Dr

      Distribution properties • 9,960 SF
      210 Carroll Dr, New Castle, DE 19720
      View Details
    • Value Estimation by Request
      328 SF

      503 Wooddale Ave

      WAREHOUSE, STORAGE • 328 SF
      503 Wooddale Ave, New Castle, DE 19720
      View Details
    • Value Estimation by Request
      966 SF

      184 Old Churchmans Rd, Unit 8

      WAREHOUSE, STORAGE • 966 SF
      184 Old Churchmans Rd, New Castle, DE 19720-3116
      View Details
    • Value Estimation
      $10,875,000
      114,569 SF

      3 Boulden Cir

      WAREHOUSE, STORAGE • 114,569 SF
      3 Boulden Cir, New Castle, DE 19720-3400
      View Details
    • Value Estimation by Request
      408 SF

      1 Dales Way

      WAREHOUSE, STORAGE • 408 SF
      1 Dales Way, New Castle, DE 19720-2404
      View Details
    • Value Estimation
      $2,070,000
      18,288 SF

      49 Davidson Ln

      WAREHOUSE, STORAGE • 18,288 SF
      49 Davidson Ln, New Castle, DE 19720-2213
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Building Near Major Interstates

      Well-located industrial building with highway access and recent upgrades.
      12 Mccullough Dr, New Castle, DE 19720
      View Details
    • Contact for pricing
      38,000 SF

      Southgate Warehouse in New Castle

      38,000 SF warehouse with highway access in New Castle.
      78 Mccullough Dr, New Castle, DE 19720
      View Details
    • Contact for pricing
      21,500 SF

      Industrial Building with Expansion Potential

      21,500 SF industrial building with office fitout and expansion.
      40 Mccullough Dr, New Castle, DE 19720
      View Details
    • Contact for pricing

      New Castle Flex/Warehouse Space

      Move-in ready flex/warehouse with heavy electric and high ceilings.
      245 Quigley Blvd, New Castle, DE 19720
      View Details
    • Contact for pricing

      Flex Warehouse Space Available

      Move-in ready flex-warehouse with heavy electric and high ceilings.
      243 Quigley Blvd, New Castle, DE 19720
      View Details
    • Contact for pricing
      2,500 SF

      Industrial Land with Highway Access

      1.92 acres of industrial land with immediate highway access.
      461 Old Airport Rd, New Castle, DE 19720
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      2,500 SF

      New Castle Warehouse - 2,500 SF

      Delaware industrial warehouse for lease. Excellent location & access.
      19 Davidson Ln, New Castle, DE 19720
      View Details
    • Contact for pricing
      11,992 SF

      Warehouse and Office Space Available

      11,992 sq. ft. warehouse and office space for rent.
      21 Bellecor Dr, New Castle, DE 19720
      View Details
    • Contact for pricing
      11,118 SF

      Industrial Space with Office

      Warehouse space with office, loading dock, and highway access.
      21 Industrial Blvd, New Castle, DE 19720
      View Details
    • Contact for pricing
      10,094 SF

      Industrial Flex Space For Rent

      10,094 SF flex space available for rent.
      34 Blevins Dr, New Castle, DE 19720
      View Details
    • Contact for pricing

      Airport Industrial Park Flex Space

      Flex space available in Airport Industrial Park, New Castle.
      34 Blevins Dr, New Castle, DE 19720
      View Details
    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.
    77 Mccullough Dr
    New Castle, DE 19720-2089
    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

    Thank You for Inquiry

    77 Mccullough Dr, New Castle, DE, 19720

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!