Office Building with Exterior
250 Philadelphia Pike, Wilmington, DE 19809
For Sale
Contact for pricing
Two current tenants provide an established rental stream within this two-story professional office property.
Property Size2,315 SF
Lot Size0.28 Acres
Price / SF$269.98
Days on Market26
Property Features for 250 Philadelphia Pike
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Tenant in Place
Property Use
Amenities
exterior wheelchair lift
Building Details
Year Renovated
Buildings
Stories
Tenancy
Listing Agency:
Habash Commercial Realty
Listed By:
Mitri Habash · License DE RB-0020251
(302) 544-9144
Source:
Crexi
Added: Oct 20
Changed: Nov 9
Last Checked: Nov 12 at 6:23AM
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 Habash Commercial Realty
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Investment Insights
Based on property information with market context.
This two-story office property contains approximately 2,315 square feet and sits on approximately 0.28 acres. Two tenants currently occupy the building, and an exterior wheelchair lift provides access to the property. Renovations were completed in 2008. The building may accommodate professional uses such as insurance, accounting, consulting, or administrative offices.
Located at 250 Philadelphia Pike in Wilmington, the property has direct frontage on Philadelphia Pike. I-95 and I-495 provide connections to major transportation routes.
Located at 250 Philadelphia Pike in Wilmington, the property has direct frontage on Philadelphia Pike. I-95 and I-495 provide connections to major transportation routes.
Key Highlights
- Approximately 2,315 square feet of office space in a two‑story building
- Two existing tenants provide an in‑place rental stream
- Approximately 0.28‑acre property with direct Philadelphia Pike frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,532
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,640
$630.6K
Cap Rate 7%
$450,457
$450.5K
Cap Rate 9%
$350,356
$350.4K
Market Conditions
NOI Build-Up for 2,315 SF
Gross rent
$52.2K $22.56/SF
− Vacancy
−$10.2K −$4.40/SF
EGI
$42.0K $18.16/SF
− OpEx
−$10.5K −$4.54/SF
NOI
$31.5K $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%
$630,640
Cap Rate 7%
$450,457
Cap Rate 9%
$350,356
Alternative Uses
Best Use
Office B
$450.5K
$394.2K – $525.5K
NOI $31,532 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$553.7K
$484.5K – $646.0K
NOI $38,761 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
Explore this area
Business Placement
Demographics for 19809, DE
14,658
Population
6,531
Households
2.2
Avg Household Size
42
Median Age
45%
College-Educated
97%
High-School Grad
6.8 sq mi
ZIP Area
2,156
Density / Sq Mi
$85,988
Median Household Income
$56,266
Median Earnings
$1,373
Median Rent
$308,900
Median Home Value
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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 - Two current tenants provide an established rental stream within this two-story professional office property.
Where is this office building located?
The property is located at 250 Philadelphia Pike Wilmington, DE.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Approximately 2,315 square feet of office space in a two‑story building; Two existing tenants provide an in‑place rental stream; Approximately 0.28‑acre property with direct Philadelphia Pike frontage
