End-Unit Office
For Sale
$745,000
5201 W Woodmill Dr Unit 31, Wilmington, DE 19808
Professional office space with adaptable layouts, private work areas, and on-site parking near major transportation routes.
Property Size3,450 SF
Price / SF$215.94
Days on Market30
Property Features for 5201 W Woodmill Dr Unit 31
General Information
Standard status
Active
Size
3,450 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1988
Listing Agency:
RE/MAX Associates - Newark
Listed By:
Daniel Mawn · License #RS-0024255
(302) 396-4079
Source:
Integrityresidentialsales
Added: Sep 9
Changed: Oct 2
Last Checked: Oct 7 at 2:40PM
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 RE/MAX Associates - Newark
Investment Insights
Based on property information with market context.
This approximately 3,450-square-foot end-unit office condominium at 5201 W Woodmill Dr includes a flexible professional layout suited to business operations. Common configurations within the available office units include reception and waiting areas, private offices, conference rooms, kitchen facilities, storage, and private restrooms. The property was built in 1988.
Woodmill Corporate Center is located just off Kirkwood Highway in Wilmington, with access to nearby restaurants and major transportation routes. On-site parking supports daily office use. Several units in the center are occupied under existing leases, and individual availability, occupancy, lease terms, and unit specifications vary.
Woodmill Corporate Center is located just off Kirkwood Highway in Wilmington, with access to nearby restaurants and major transportation routes. On-site parking supports daily office use. Several units in the center are occupied under existing leases, and individual availability, occupancy, lease terms, and unit specifications vary.
Key Highlights
- Approximately 3,450 square feet of office space
- End unit at 5201 W Woodmill Dr Unit 31
- Flexible layouts with private offices and conference space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,991
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$939,820
$939.8K
Cap Rate 7%
$671,300
$671.3K
Cap Rate 9%
$522,122
$522.1K
Market Conditions
NOI Build-Up for 3,450 SF
Gross rent
$77.8K $22.56/SF
− Vacancy
−$15.2K −$4.40/SF
EGI
$62.7K $18.16/SF
− OpEx
−$15.7K −$4.54/SF
NOI
$47.0K $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%
$939,820
Cap Rate 7%
$671,300
Cap Rate 9%
$522,122
Alternative Uses
Best Use
Office B
$671.3K
$587.4K – $783.2K
NOI $46,991 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$825.2K
$722.1K – $962.8K
NOI $57,765 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
Explore this area
Business Placement
Demographics for 19808, DE
39,285
Population
16,037
Households
2.4
Avg Household Size
44
Median Age
41%
College-Educated
93%
High-School Grad
13.8 sq mi
ZIP Area
2,847
Density / Sq Mi
$92,883
Median Household Income
$53,084
Median Earnings
$1,357
Median Rent
$309,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Professional office space with adaptable layouts, private work areas, and on-site parking near major transportation routes.
Where is this office units located?
The property is located at 5201 W Woodmill Dr Unit 31 Wilmington, DE.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Approximately 3,450 square feet of office space; End unit at 5201 W Woodmill Dr Unit 31; Flexible layouts with private offices and conference space
