Corner Office
2510 W 6th Street, Wilmington, DE 19805
For Sale
Contact for pricing
Office space with available parking in Wilmington.
Property Size10,000 SF
Days on Market51
Property Features for 2510 W 6th Street
General Information
Standard status
Size
Class
Property subtype
Lease Term
Building Details
Building Size
Properties For Sale
at 2510 W 6th Street
2nd Floor Office
Size
2,700 SF
Type
Office Building
Term
Negotiable
Listed By:
Joseph Latina, SIOR
(302) 414-1000
Source:
Lmtcre
Added: Sep 18
Changed: Oct 25
Last Checked: Nov 6 at 7:13AM
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 Joseph Latina, SIOR
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Office space positioned at the corner of W 6th Street and Hawley Street in Wilmington, Delaware. The property is identified as an office unit and includes available parking.
The site is located in Wilmington’s Westside area, with an address at 2510 W 6th Street, Wilmington, DE 19805.
The site is located in Wilmington’s Westside area, with an address at 2510 W 6th Street, Wilmington, DE 19805.
Key Highlights
- Office unit in Wilmington, DE
- Corner position at W 6th Street and Hawley Street
- Parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,206
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,724,120
$2.7M
Cap Rate 7%
$1,945,800
$1.9M
Cap Rate 9%
$1,513,400
$1.5M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$225.6K $22.56/SF
− Vacancy
−$44.0K −$4.40/SF
EGI
$181.6K $18.16/SF
− OpEx
−$45.4K −$4.54/SF
NOI
$136.2K $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%
$2,724,120
Cap Rate 7%
$1,945,800
Cap Rate 9%
$1,513,400
Alternative Uses
Best Use
Office B
$1.95M
$1.70M – $2.27M
NOI $136,206 @ 7.0% cap · market cap 972,900.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,434 @ 7.0% cap · market cap 1,195,957.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,667
Businesses Nearby
Explore this area
Business Placement
Demographics for 19805, DE
39,985
Population
17,281
Households
2.3
Avg Household Size
35
Median Age
23%
College-Educated
87%
High-School Grad
5.5 sq mi
ZIP Area
7,270
Density / Sq Mi
$56,708
Median Household Income
$38,043
Median Earnings
$1,203
Median Rent
$220,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Wilmington, DE
Properties on Market for Office Units in Wilmington
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office space with available parking in Wilmington.
Where is this office unit located?
The property is located at 2510 W 6th Street Wilmington, DE.
What are key features of this property?
This property features: Office unit in Wilmington, DE; Corner position at W 6th Street and Hawley Street; Parking available
