Professional Office
For Sale
$325,000
5145 W WOODMILL DR #22 22, Wilmington, DE 19808
Office condominium with flexible professional-use space, on-site parking, and access to nearby transportation routes.
Property Size1,500 SF
Price / SF$216.67
Days on Market26
Property Features for 5145 W WOODMILL DR #22 22
General Information
Standard status
Active
Size
1,500 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
reception area
waiting area
private offices
conference space
kitchen facilities
storage areas
private restrooms
Building Details
Tenancy
Multi
Listing Agency:
RE/MAX Associates - Newark
(302) 453-3200
Listed By:
Daniel Mawn · License #RS-0024255
(302) 396-4079
Source:
Hostetterrealty
Added: Sep 13
Changed: Oct 6
Last Checked: Oct 7 at 12:04PM
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 office condominium at Woodmill Corporate Center includes approximately 1,500 square feet configured for professional business use. The center includes office suites with layouts that may feature reception areas, private offices, conference rooms, kitchens, storage, and private restrooms; the configuration of this unit should be confirmed with the listing agent.
The property is located just off Kirkwood Highway in Wilmington, with on-site parking, nearby restaurants, and convenient connections to major transportation routes. Additional office units at 5149, 5201, and 5205 W Woodmill Drive are also offered for sale. Some units in the center are occupied under existing leases, and showing schedules may be limited to reduce disruption to business operations.
The property is located just off Kirkwood Highway in Wilmington, with on-site parking, nearby restaurants, and convenient connections to major transportation routes. Additional office units at 5149, 5201, and 5205 W Woodmill Drive are also offered for sale. Some units in the center are occupied under existing leases, and showing schedules may be limited to reduce disruption to business operations.
Key Highlights
- Approximately 1,500‑square‑foot office suite
- Located at 5145 W Woodmill Drive, Unit 22
- Woodmill Corporate Center location just off Kirkwood Highway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,431
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,620
$408.6K
Cap Rate 7%
$291,871
$291.9K
Cap Rate 9%
$227,011
$227.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$33.8K $22.56/SF
− Vacancy
−$6.6K −$4.40/SF
EGI
$27.2K $18.16/SF
− OpEx
−$6.8K −$4.54/SF
NOI
$20.4K $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%
$408,620
Cap Rate 7%
$291,871
Cap Rate 9%
$227,011
Alternative Uses
Best Use
Office B
$291.9K
$255.4K – $340.5K
NOI $20,431 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$358.8K
$313.9K – $418.6K
NOI $25,115 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
267
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office condominium with flexible professional-use space, on-site parking, and access to nearby transportation routes.
Where is this office units located?
The property is located at 5145 W WOODMILL DR #22 22 Wilmington, DE.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Approximately 1,500‑square‑foot office suite; Located at 5145 W Woodmill Drive, Unit 22; Woodmill Corporate Center location just off Kirkwood Highway
