Two-Story Office Condo
5193-5195 W Woodmill Dr Wilmington, DE 19808
New
5193-5195 W Woodmill Dr, Wilmington, DE, 19808
$645,000
For Sale
$645,000
Two office condo units totaling 3,248 SF with reception, conference space, offices, and work/copy area on two floors.
Property Size3,248 SF
Price / SF$198.58
Days on Market7
Property Features for 5193-5195 W Woodmill Dr
General Information
- Standard status
- Active
- Size
- 3,248 SF
- Property subtype
- office
Listing agency
Wilmington
(302) 356-2866
Listed by
Cindy Fleming · License #RA-0020016
(302) 356-2866
Source
Property.jll
Added: Jul 16 Updated: Jul 21 at 6:44PM Checked: Jul 21 at 6:44PM
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 Wilmington
Investment Insights
Based on property information with market context.
Now available for sale: two office condo units, #27 and #28, each offering 1,624 SF for a total of 3,248 SF across two floors. The space includes a reception area, kitchenette, and a large conference room, along with multiple private offices and a work/copy area on the second floor.
The property has been newly renovated with soundproofing and upgraded interior doors designed to support privacy. The owner-operated condo association is in place, and furniture could be available.
Offered with ample parking and bus access, the office condos are located off Kirkwood Highway near the Rt. 7 (Limestone Road) intersection.
The property has been newly renovated with soundproofing and upgraded interior doors designed to support privacy. The owner-operated condo association is in place, and furniture could be available.
Offered with ample parking and bus access, the office condos are located off Kirkwood Highway near the Rt. 7 (Limestone Road) intersection.
Key Highlights
- Two office condo units (#27 and #28) totaling 3,248 SF across two floors (1,624 SF each)
- Layout includes reception areas, kitchenette, a large conference room, and multiple offices plus work/copy area
- Newly renovated with soundproofing and upgraded interior doors for added privacy
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.3k | $22.56 |
| − Vacancy | −$14.3k | −$4.40 |
| EGI | $59.0k | $18.16 |
| − OpEx | −$14.7k | −$4.54 |
| NOI | $44.2k | $13.62 |
3,248 SF · lease $22.56/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$632.0K
$553.0K – $737.3K
NOI $44,240 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$776.9K
$679.8K – $906.4K
NOI $54,382 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two office condo units totaling 3,248 SF with reception, conference space, offices, and work/copy area on two floors.
Where is this office units located?
The property is located at 5193-5195 W Woodmill Dr Wilmington, DE.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Two office condo units (#27 and #28) totaling 3,248 SF across two floors (1,624 SF each); Layout includes reception areas, kitchenette, a large conference room, and multiple offices plus work/copy area; Newly renovated with soundproofing and upgraded interior doors for added privacy
