Downtown Multi-Level Office
1326 N King St, Wilmington, DE 19801
For Sale
Contact for pricing
Flexible professional office layout with private rooms, meeting areas, reception space, and storage across multiple levels.
Property Size4,326 SF
Price / SF$0.00
Days on Market51
Property Features for 1326 N King St
General Information
Standard status
Size
Class
Property subtype
Lease Term
Site & Location
Highway Access
Public Transit
Building Details
Building Size
Year Built
Buildings
Properties For Sale
at 1326 N King St
1326-1328 N King Street
Size
4,326 SF
Term
Negotiable
Listed By:
Joseph Latina, SIOR
(302) 414-1000
Source:
Lmtcre
Added: Sep 18
Changed: Nov 2
Last Checked: Nov 6 at 7:11AM
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 Joseph Latina, SIOR
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Investment Insights
Based on property information with market context.
This office property combines two buildings into one integrated workplace totaling 4,326 +/- square feet across multiple levels. The existing configuration includes multiple private offices, conference rooms, reception and client waiting areas, and storage. Built in 1920, the layout supports a mix of private and shared work areas for professional office operations.
The property is located in downtown Wilmington near the Courthouse, Government Center, major employers, dining, and public transportation. Access to I-95 and I-495 adds regional connectivity, while the existing office configuration provides a practical starting point for professional users. Planned exterior renovations are also noted.
The property is located in downtown Wilmington near the Courthouse, Government Center, major employers, dining, and public transportation. Access to I-95 and I-495 adds regional connectivity, while the existing office configuration provides a practical starting point for professional users. Planned exterior renovations are also noted.
Key Highlights
- 4,326 +/- square feet across multiple levels
- Two buildings combined into one cohesive office property
- Multiple private offices and conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,923
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,460
$1.2M
Cap Rate 7%
$841,757
$841.8K
Cap Rate 9%
$654,700
$654.7K
Market Conditions
NOI Build-Up for 4,326 SF
Gross rent
$97.6K $22.56/SF
− Vacancy
−$19.0K −$4.40/SF
EGI
$78.6K $18.16/SF
− OpEx
−$19.6K −$4.54/SF
NOI
$58.9K $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%
$1,178,460
Cap Rate 7%
$841,757
Cap Rate 9%
$654,700
Alternative Uses
Best Use
Office B
$841.8K
$736.5K – $982.1K
NOI $58,923 @ 7.0% cap · market cap 491,025.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$905.4K – $1.21M
NOI $72,432 @ 7.0% cap · market cap 603,600.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,432
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Wilmington
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Flexible professional office layout with private rooms, meeting areas, reception space, and storage across multiple levels.
Where is this office building located?
The property is located at 1326 N King St Wilmington, DE.
What are key features of this property?
This property features: 4,326 +/- square feet across multiple levels; Two buildings combined into one cohesive office property; Multiple private offices and conference rooms
