Professional Office
For Sale
$325,000
20-5149 W Woodmill Dr, Wilmington, DE 19808
Flexible office suites provide private work areas, conference space, support rooms, and on-site parking.
Property Size1,500 SF
Price / SF$216.67
Days on Market59
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 20-5149 W Woodmill Dr
General Information
Standard status
Active
Size
1,500 SF
Additional Details
Asking Price
$325,000
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,868
Listing Agency:
RE/MAX Associates - Newark
(302) 453-3200
Listed By:
Daniel Mawn · License #RS-0024255
(302) 396-4079
Source:
Exprealty
Added: Aug 18
Changed: Oct 8
Last Checked: Oct 14 at 11:23PM
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.
Office condominium units are available within Woodmill Corporate Center, with suites measuring approximately 1,500 square feet. Floor plans may include reception and waiting areas, private offices, conference rooms, kitchen facilities, storage, and private restrooms. The property is suited to professional, medical, consulting, and service-oriented operations, with multiple units offered within the center.
The corporate center is located just off Kirkwood Highway in Wilmington, Delaware, with access to major transportation routes, nearby restaurants, and on-site parking. Several units are occupied under existing lease agreements, and availability, occupancy status, lease terms, and individual specifications vary by unit. The listed unit is at 20-5149 W Woodmill Dr, with 5149, 5201, and 5205 W Woodmill Drive also identified as available addresses.
The corporate center is located just off Kirkwood Highway in Wilmington, Delaware, with access to major transportation routes, nearby restaurants, and on-site parking. Several units are occupied under existing lease agreements, and availability, occupancy status, lease terms, and individual specifications vary by unit. The listed unit is at 20-5149 W Woodmill Dr, with 5149, 5201, and 5205 W Woodmill Drive also identified as available addresses.
Key Highlights
- Approximately 1,500‑square‑foot office suites
- Reception, private offices, conference areas, kitchens, storage, and private restrooms in available floor plans
- On‑site parking included
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
950
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
Frequently Asked Questions
What type of property is this?
Office units - Flexible office suites provide private work areas, conference space, support rooms, and on-site parking.
Where is this office units located?
The property is located at 20-5149 W Woodmill Dr 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 suites; Reception, private offices, conference areas, kitchens, storage, and private restrooms in available floor plans; On‑site parking included
