Three-Story Elevator-Served Office
1200 Philadelphia Pike Wilmington, DE 19809
For Sale
Contact for pricing
An elevator-served three-story office building with conference rooms, private offices, kitchenettes, and restrooms.
Property Size30,000 SF
Lot Size1.55 Acres
Price / SF$148.33
Days on Market468
Property Features for 1200 Philadelphia Pike
General Information
Standard status
Active
Size
30,000 SF
Lot size
1.55 Acres
Property subtype
OFFICE
Listing Agency:
NAI Emory Hill
(302) 521-7291
Listed By:
Neil Kilian
(302) 521-7291
Source:
Moodyscre
Added: Apr 18, 2025
Changed: Jul 28
Last Checked: Jul 28 at 8:36AM
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
Investment Insights
Based on property information with market context.
This 28,517 +/- SF, three-story office building is elevator-served and designed for day-to-day workplace functionality. The space includes multiple conference rooms, private offices, kitchenettes, and restrooms, supporting a range of office operations.
The property sits on 1.55 +/- acres.
With a combination of private offices and shared conference space, the building offers a practical, flexible layout for an owner-occupant or investor looking for income-producing office space.
The property sits on 1.55 +/- acres.
With a combination of private offices and shared conference space, the building offers a practical, flexible layout for an owner-occupant or investor looking for income-producing office space.
Key Highlights
- 28,517 +/- SF, three‑story office building with elevator service
- Located on 1.55 +/- acres
- Income‑producing layout includes multiple conference rooms
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 | $676.8k | $22.56 |
| − Vacancy | −$132.0k | −$4.40 |
| EGI | $544.8k | $18.16 |
| − OpEx | −$136.2k | −$4.54 |
| NOI | $408.6k | $13.62 |
30,000 SF · lease $22.56/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.84M
$5.11M – $6.81M
NOI $408,618 @ 7.0% cap · market cap 9.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.18M
$6.28M – $8.37M
NOI $502,301 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - An elevator-served three-story office building with conference rooms, private offices, kitchenettes, and restrooms.
Where is this office building located?
The property is located at 1200 Philadelphia Pike Wilmington, DE.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: 28,517 +/- SF, three‑story office building with elevator service; Located on 1.55 +/- acres; Income‑producing layout includes multiple conference rooms
