Office Suite with
1401 Pennsylvania Avenue Unit 104 Wilmington, DE 19806
1401 Pennsylvania Avenue Unit 104, Wilmington, DE, 19806
$189,900
For Sale
$189,900
Office suite includes a reception area, three private offices, a break room, and two bathrooms.
Property Size1,100 SF
Price / SF$172.64
Days on Market283
Property Features for 1401 Pennsylvania Avenue Unit 104
General Information
- Standard status
- Active
- Size
- 1,100 SF
- Property subtype
- Office
Building Details
- Year Built
- 1964
Listing agency
Brokers Realty Group, LLC
(302) 287-3163
Listed by
Paul Snipes
(302) 287-3163
Source
Xome
Added: Oct 14, 2025 Updated: Jul 22 at 7:20AM Checked: Jul 22 at 7:20AM
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 Brokers Realty Group, LLC
Investment Insights
Based on property information with market context.
This office suite offers a reception area plus three individual offices. The layout also includes a break room and two bathrooms, providing practical support for day-to-day office operations.
The property is offered for sale and is located at 1401 Pennsylvania Avenue, Unit 104, in Wilmington, Delaware.
This space is configured as a multi-room office environment, making it suitable for organizations that require both shared front-end reception and separate private office rooms.
The property is offered for sale and is located at 1401 Pennsylvania Avenue, Unit 104, in Wilmington, Delaware.
This space is configured as a multi-room office environment, making it suitable for organizations that require both shared front-end reception and separate private office rooms.
Key Highlights
- Office suite includes a reception area, three private offices, a break room, and two bathrooms
- Spacious commercial office layout with a reception area, break room, and multiple rooms for workspaces
- Zoned 26R‑2A
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 | $24.8k | $22.56 |
| − Vacancy | −$4.8k | −$4.40 |
| EGI | $20.0k | $18.16 |
| − OpEx | −$5.0k | −$4.54 |
| NOI | $15.0k | $13.62 |
1,100 SF · lease $22.56/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$214.0K
$187.3K – $249.7K
NOI $14,983 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$263.1K
$230.2K – $307.0K
NOI $18,418 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Charles F. ...
Dental Office
Bishop Taurance N ...
Dental Office
Richard F Rago ...
Law Firm
1401 Hair Designs ...
Hair Salon
AMANI Birth
Midwife
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FAQs
What type of property is this?
Office units - Office suite includes a reception area, three private offices, a break room, and two bathrooms.
Where is this office units located?
The property is located at 1401 Pennsylvania Avenue Unit 104 Wilmington, DE.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Office suite includes a reception area, three private offices, a break room, and two bathrooms; Spacious commercial office layout with a reception area, break room, and multiple rooms for workspaces; Zoned 26R‑2A
