Multi-Story Office Building with 2-Car
For Sale
Contact for pricing
1205 N Orange St, Wilmington, DE 19801
Multi-story office building with on-site 2-car garage, security on each floor, and office setup across three levels.
Property Size7,200 SF
Price / SF$152.78
Days on Market124
Property Features for 1205 N Orange St
General Information
Standard status
Active
Size
7,200 SF
Total Parking Spaces
2
Property subtype
Office
Zoning
26C-4 Central Office
Additional Details
Public Transit
Yes
Amenities
security system
motion-sensor lights
high-speed internet
kitchenette
reception area
conference room
Building Details
Buildings
1
Stories
3
Listing Agency:
NAI Emory Hill Real Estate Services, Inc.
Listed By:
Kyle McLaughlin · License #RS-0036627
(215) 622-0905
Source:
Crexi
Added: Jul 6
Changed: Nov 5
Last Checked: Nov 4 at 11:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Emory Hill Real Estate Services, Inc.
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Investment Insights
Based on property information with market context.
1205 N Orange St in Wilmington’s Central Business District is a multi-story office building designed with functional layouts for professional office use. The building includes an open office and conference room on the 1st floor, plus a kitchenette, bathrooms, and two private offices.
The 2nd and 3rd floors provide office space with an internal stairwell, a kitchenette on each floor, a reception area on each floor, and bathrooms on each floor, with 10 offices total across those levels. On-site operations are supported by security on each floor and motion-sensor lights in the offices.
Additional practical features include high-speed internet (FIOS) and 3-phase power (600 amps). Parking includes a 2-car garage on-site, street parking, and a parking garage across the street. The configuration could potentially support a 1 or 2 tenant building, and there is potential for residential conversion.
The 2nd and 3rd floors provide office space with an internal stairwell, a kitchenette on each floor, a reception area on each floor, and bathrooms on each floor, with 10 offices total across those levels. On-site operations are supported by security on each floor and motion-sensor lights in the offices.
Additional practical features include high-speed internet (FIOS) and 3-phase power (600 amps). Parking includes a 2-car garage on-site, street parking, and a parking garage across the street. The configuration could potentially support a 1 or 2 tenant building, and there is potential for residential conversion.
Key Highlights
- Total size: 7,200 SF multi‑story office building with three levels
- 1st floor includes open office/conference room, kitchenette, bathrooms, and two private offices
- 2nd & 3rd floors feature internal stairwell, reception areas, kitchenettes, and bathrooms on each floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,068
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,961,360
$2.0M
Cap Rate 7%
$1,400,971
$1.4M
Cap Rate 9%
$1,089,644
$1.1M
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$162.4K $22.56/SF
− Vacancy
−$31.7K −$4.40/SF
EGI
$130.8K $18.16/SF
− OpEx
−$32.7K −$4.54/SF
NOI
$98.1K $13.62/SF
Area
New Castle County, DE
Vacancy
19.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,961,360
Cap Rate 7%
$1,400,971
Cap Rate 9%
$1,089,644
Alternative Uses
Best Use
Office B
$1.40M
$1.23M – $1.63M
NOI $98,068 @ 7.0% cap · market cap 8.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,552 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
6,510
Businesses Nearby
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Business Placement
Demographics for 19801, DE
16,219
Population
9,390
Households
1.7
Avg Household Size
34
Median Age
26%
College-Educated
85%
High-School Grad
4.4 sq mi
ZIP Area
3,686
Density / Sq Mi
$44,505
Median Household Income
$36,684
Median Earnings
$1,126
Median Rent
$196,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Multi-story office building with on-site 2-car garage, security on each floor, and office setup across three levels.
Where is this office building located?
The property is located at 1205 N Orange St Wilmington, DE.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Total size: 7,200 SF multi‑story office building with three levels; 1st floor includes open office/conference room, kitchenette, bathrooms, and two private offices; 2nd & 3rd floors feature internal stairwell, reception areas, kitchenettes, and bathrooms on each floor
