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Property profile & analytics
OFF-MARKET Estimated value $15,160,000
Warehouses

794 School House Rd New Castle, DE 19720-5526

206,062 SF 23.3 ac lot Built 2021
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US17-0044381
Property summary
AI-generated overview

This exceptional warehouse property at 794 School House Road, New Castle, Delaware, 19720, is available for sublease. Located in New Castle County, this single-tenant industrial space offers a rare opportunity to secure a below-market rent in a premier location. The entire building is available for immediate occupancy, providing ample space for a variety of warehousing and distribution needs. The property boasts convenient and immediate access to major highways, significantly reducing transportation costs and improving logistical efficiency. This is a full-building sublease opportunity, ideal for businesses seeking a cost-effective and strategically positioned warehouse solution. The property's address is easily accessible, situated at 794 School House Road, within close proximity to key transportation arteries. The building's size and layout are well-suited for various industrial operations, offering significant storage capacity and potential for customization to meet specific business requirements. This sublease presents a unique chance to secure a high-quality warehouse space at a significantly reduced rental rate compared to market averages. Don't miss this chance to establish your business in a prime Delaware location. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2021
Construction BRICK
Total area 206,062 SF
Lot 23.3 ac (1,014,948 SF)
Zoning code HI
APN 12-007.00-027
UPID US17-0044381
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
  • Snow Joe LLC Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.23M
Blend (final) Blend
$15.16M
Owner & transaction history
Np Delaware City Building IV LLC · 4 yrs held
Np Delaware City Building IV LLC
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
HI · New Castle, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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